Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $9.38.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Amkor Technology from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 31st. Deutsche Bank increased their price target on shares of Amkor Technology from $9.50 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 31st. Zacks Investment Research raised shares of Amkor Technology from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, ValuEngine downgraded shares of Amkor Technology from a “hold” rating to a “sell” rating in a report on Friday.

Shares of Amkor Technology stock traded up $0.02 on Monday, reaching $7.83. The stock had a trading volume of 767,500 shares, compared to its average volume of 980,788. Amkor Technology has a 1 year low of $7.75 and a 1 year high of $11.88. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 13.50 and a beta of 2.50. The company has a current ratio of 1.26, a quick ratio of 1.05 and a debt-to-equity ratio of 0.69.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, July 30th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. Amkor Technology had a net margin of 4.51% and a return on equity of 9.15%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. sell-side analysts predict that Amkor Technology will post 0.56 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Amkor Technology by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 15,989,249 shares of the semiconductor company’s stock worth $137,348,000 after purchasing an additional 539,780 shares during the last quarter. LSV Asset Management increased its position in shares of Amkor Technology by 8.1% in the first quarter. LSV Asset Management now owns 9,528,772 shares of the semiconductor company’s stock worth $96,526,000 after purchasing an additional 714,300 shares during the last quarter. BlackRock Inc. increased its position in shares of Amkor Technology by 5.4% in the second quarter. BlackRock Inc. now owns 7,715,303 shares of the semiconductor company’s stock worth $66,274,000 after purchasing an additional 394,139 shares during the last quarter. Northern Trust Corp increased its position in shares of Amkor Technology by 1.1% in the first quarter. Northern Trust Corp now owns 3,205,467 shares of the semiconductor company’s stock worth $32,472,000 after purchasing an additional 34,829 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Amkor Technology by 30.2% in the first quarter. Prudential Financial Inc. now owns 1,754,044 shares of the semiconductor company’s stock worth $17,769,000 after purchasing an additional 407,090 shares during the last quarter. 38.11% of the stock is currently owned by hedge funds and other institutional investors.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.

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