ValuEngine lowered shares of Amkor Technology (NASDAQ:AMKR) from a buy rating to a hold rating in a report issued on Monday morning, ValuEngine reports.

Several other research firms also recently commented on AMKR. BidaskClub upgraded ZIOPHARM Oncology from a buy rating to a strong-buy rating in a report on Monday, June 17th. TheStreet downgraded Wayside Technology Group from a b- rating to a c rating in a report on Wednesday, May 22nd. Finally, Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a buy rating to a hold rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and an average target price of $7.75.

NASDAQ AMKR opened at $7.40 on Monday. The company’s 50-day moving average price is $7.06. Amkor Technology has a twelve month low of $5.72 and a twelve month high of $9.74. The company has a quick ratio of 1.21, a current ratio of 1.36 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $1.77 billion, a P/E ratio of 13.96 and a beta of 2.03.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.06. The business had revenue of $895.00 million for the quarter, compared to the consensus estimate of $883.32 million. Amkor Technology had a return on equity of 6.03% and a net margin of 2.26%. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same quarter last year, the business posted $0.04 earnings per share. Analysts expect that Amkor Technology will post 0.19 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in Amkor Technology by 39.7% during the 4th quarter. Rhumbline Advisers now owns 152,412 shares of the semiconductor company’s stock worth $1,000,000 after buying an additional 43,291 shares during the period. First Trust Advisors LP raised its holdings in Amkor Technology by 5.7% during the 4th quarter. First Trust Advisors LP now owns 363,706 shares of the semiconductor company’s stock worth $2,386,000 after buying an additional 19,737 shares during the period. Acadian Asset Management LLC raised its holdings in Amkor Technology by 157.1% during the 4th quarter. Acadian Asset Management LLC now owns 24,055 shares of the semiconductor company’s stock worth $158,000 after buying an additional 14,699 shares during the period. California Public Employees Retirement System raised its holdings in Amkor Technology by 4.6% during the 4th quarter. California Public Employees Retirement System now owns 463,732 shares of the semiconductor company’s stock worth $3,042,000 after buying an additional 20,411 shares during the period. Finally, BlackRock Inc. raised its holdings in Amkor Technology by 14.9% during the 4th quarter. BlackRock Inc. now owns 10,521,970 shares of the semiconductor company’s stock worth $69,023,000 after buying an additional 1,368,384 shares during the period. Hedge funds and other institutional investors own 38.11% of the company’s stock.

Amkor Technology Company Profile

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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