ValuEngine upgraded shares of Amkor Technology (NASDAQ:AMKR) from a hold rating to a buy rating in a research note published on Wednesday morning.

Other equities research analysts have also issued reports about the stock. Credit Suisse Group raised shares of Amkor Technology from a neutral rating to an outperform rating in a report on Tuesday. BidaskClub lowered shares of Amkor Technology from a hold rating to a sell rating in a report on Thursday, January 11th. Finally, Zacks Investment Research lowered shares of Amkor Technology from a hold rating to a sell rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Amkor Technology currently has a consensus rating of Hold and an average price target of $10.50.

Shares of Amkor Technology (NASDAQ AMKR) opened at $10.31 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79. Amkor Technology has a fifty-two week low of $8.32 and a fifty-two week high of $12.48. The stock has a market cap of $2,399.97, a P/E ratio of 17.60 and a beta of 2.52.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. Amkor Technology had a net margin of 6.23% and a return on equity of 9.08%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm posted $0.42 EPS. The company’s revenue was up 12.3% on a year-over-year basis. equities research analysts anticipate that Amkor Technology will post 0.78 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. grew its holdings in shares of Amkor Technology by 96.8% in the fourth quarter. Macquarie Group Ltd. now owns 55,300 shares of the semiconductor company’s stock valued at $556,000 after purchasing an additional 27,200 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in shares of Amkor Technology by 6.5% in the fourth quarter. Vident Investment Advisory LLC now owns 230,045 shares of the semiconductor company’s stock valued at $2,312,000 after purchasing an additional 14,058 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Amkor Technology in the fourth quarter valued at $1,540,000. STA Wealth Management LLC grew its holdings in shares of Amkor Technology by 6.5% in the fourth quarter. STA Wealth Management LLC now owns 122,044 shares of the semiconductor company’s stock valued at $1,227,000 after purchasing an additional 7,481 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Amkor Technology by 128.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 399,067 shares of the semiconductor company’s stock valued at $4,010,000 after purchasing an additional 224,400 shares in the last quarter. 39.57% of the stock is owned by institutional investors and hedge funds.

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Amkor Technology Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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