Amkor Technology (NASDAQ:AMKR) Downgraded by ValuEngine to Hold

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

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

Shares of Amkor Technology stock opened at $7.40 on Monday. The company has a market capitalization of $1.77 billion, a PE ratio of 13.96 and a beta of 2.03. 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’s 50 day moving average is $7.06. Amkor Technology has a 12-month low of $5.72 and a 12-month high of $9.74.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.06. The firm had revenue of $895.00 million during the quarter, compared to analysts’ expectations 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 was down 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.04 earnings per share. Analysts expect that Amkor Technology will post 0.19 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Amkor Technology by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,422,753 shares of the semiconductor company’s stock valued at $114,293,000 after acquiring an additional 744,342 shares during the period. BlackRock Inc. boosted its position in shares of Amkor Technology by 14.9% in the fourth quarter. BlackRock Inc. now owns 10,521,970 shares of the semiconductor company’s stock valued at $69,023,000 after acquiring an additional 1,368,384 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of Amkor Technology by 16.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,697,529 shares of the semiconductor company’s stock valued at $17,696,000 after acquiring an additional 381,727 shares during the period. Geode Capital Management LLC boosted its position in shares of Amkor Technology by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 1,979,861 shares of the semiconductor company’s stock valued at $12,987,000 after acquiring an additional 85,405 shares during the period. Finally, Norges Bank bought a new stake in shares of Amkor Technology in the fourth quarter valued at approximately $12,800,000. 38.11% of the stock is owned by institutional investors.

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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