Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Amkor Technology (AMKR) Stock Price
Media coverage about Amkor Technology (NASDAQ:AMKR) has trended somewhat positive on Sunday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Amkor Technology earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 46.0451182703862 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Weak growth prospects in the future For Amkor Technology, Inc. (AMKR) – Street Observer (press release) (streetobserver.com)
- Amkor Technology, Inc. (AMKR) has a value of $9.23 per share While Commvault Systems, Inc. (CVLT) is stand at $60.95 – Stocks Gallery (stocksgallery.com)
- Amkor Technology (AMKR) Presents At Citi 2017 Global Technology Conference – Slideshow (seekingalpha.com)
- Analyzing Amkor Technology (AMKR) & ASML Holding N.V. (ASML) (americanbankingnews.com)
Several brokerages recently weighed in on AMKR. BidaskClub lowered Amkor Technology from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. ValuEngine raised Amkor Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Deutsche Bank AG reissued a “hold” rating and issued a $10.50 price objective (down from $12.00) on shares of Amkor Technology in a report on Tuesday, August 1st. Finally, Zacks Investment Research lowered Amkor Technology from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Three equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $12.25.
Shares of Amkor Technology (AMKR) opened at 9.65 on Friday. Amkor Technology has a one year low of $8.32 and a one year high of $12.48. The company has a 50-day moving average price of $8.99 and a 200 day moving average price of $10.53. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 8.71 and a beta of 2.59.
Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, July 31st. The semiconductor company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. Amkor Technology had a net margin of 6.63% and a return on equity of 12.95%. The business had revenue of $989.00 million during the quarter, compared to analysts’ expectations of $996.10 million. During the same quarter last year, the company earned $0.02 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, analysts forecast that Amkor Technology will post $0.54 EPS for the current fiscal year.
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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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