Credit Suisse Group Upgrades Amkor Technology (AMKR) to “Outperform”

Amkor Technology (NASDAQ:AMKR) was upgraded by Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Amkor Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. ValuEngine lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub lowered shares of Amkor Technology from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Amkor Technology presently has an average rating of “Hold” and a consensus target price of $10.50.

Amkor Technology (NASDAQ:AMKR) opened at $10.31 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.16 and a quick ratio of 0.92. The firm has a market cap of $2,399.97, a P/E ratio of 17.60 and a beta of 2.52. Amkor Technology has a 52-week low of $8.32 and a 52-week high of $12.48.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.09 billion. Amkor Technology had a net margin of 6.23% and a return on equity of 9.08%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 earnings per share. analysts forecast that Amkor Technology will post 0.78 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in AMKR. Teachers Advisors LLC grew its holdings in Amkor Technology by 9.3% in the second quarter. Teachers Advisors LLC now owns 184,931 shares of the semiconductor company’s stock valued at $1,807,000 after purchasing an additional 15,746 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Amkor Technology by 32.3% in the second quarter. TIAA CREF Investment Management LLC now owns 486,274 shares of the semiconductor company’s stock valued at $4,751,000 after purchasing an additional 118,636 shares during the period. Amalgamated Bank grew its holdings in Amkor Technology by 2.8% in the second quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 349 shares during the period. Northern Trust Corp grew its holdings in Amkor Technology by 2.0% in the second quarter. Northern Trust Corp now owns 3,199,932 shares of the semiconductor company’s stock valued at $31,264,000 after purchasing an additional 63,265 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Amkor Technology by 3.1% in the second quarter. Vanguard Group Inc. now owns 13,289,262 shares of the semiconductor company’s stock valued at $129,836,000 after purchasing an additional 405,622 shares during the period. Hedge funds and other institutional investors own 39.57% of the company’s stock.

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About Amkor Technology

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.

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