Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have earned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $7.75.

Several analysts recently issued reports on AMKR shares. ValuEngine raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. BidaskClub raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. Finally, TheStreet downgraded shares of Amkor Technology from a “b-” rating to a “c” rating in a research report on Wednesday, May 22nd.

NASDAQ AMKR traded down $0.02 during mid-day trading on Friday, hitting $9.11. The company’s stock had a trading volume of 16,988 shares, compared to its average volume of 582,585. The company’s 50 day simple moving average is $8.92 and its 200 day simple moving average is $8.20. Amkor Technology has a twelve month low of $5.72 and a twelve month high of $9.78. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 17.22 and a beta of 1.95.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, July 29th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. Amkor Technology had a net margin of 1.31% and a return on equity of 3.68%. The business had revenue of $895.31 million during the quarter, compared to the consensus estimate of $896.05 million. During the same quarter last year, the firm posted $0.14 EPS. Amkor Technology’s revenue was down 16.0% compared to the same quarter last year. As a group, research analysts forecast that Amkor Technology will post 0.15 EPS for the current year.

In other Amkor Technology news, Director Gil C. Tily sold 12,500 shares of Amkor Technology stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $9.09, for a total transaction of $113,625.00. Following the transaction, the director now directly owns 87,325 shares of the company’s stock, valued at approximately $793,784.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 59.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of AMKR. Point72 Asset Management L.P. purchased a new position in shares of Amkor Technology in the 2nd quarter worth about $51,000. Advisory Services Network LLC boosted its holdings in shares of Amkor Technology by 500.0% in the 2nd quarter. Advisory Services Network LLC now owns 9,000 shares of the semiconductor company’s stock worth $67,000 after buying an additional 7,500 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Amkor Technology in the 2nd quarter worth about $75,000. Hennessy Advisors Inc. purchased a new position in shares of Amkor Technology in the 2nd quarter worth about $78,000. Finally, NumerixS Investment Technologies Inc boosted its holdings in shares of Amkor Technology by 49.1% in the 1st quarter. NumerixS Investment Technologies Inc now owns 17,000 shares of the semiconductor company’s stock worth $144,000 after buying an additional 5,600 shares during the last quarter. 37.67% 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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