BidaskClub Upgrades Amkor Technology (NASDAQ:AMKR) to “Buy”

Amkor Technology (NASDAQ:AMKR) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday, BidAskClub reports.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. TheStreet lowered Wayside Technology Group from a “b-” rating to a “c” rating in a research report on Wednesday, May 22nd. Finally, ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.75.

Amkor Technology stock traded down $0.03 on Friday, hitting $7.62. 588,331 shares of the stock traded hands, compared to its average volume of 915,976. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.21 and a current ratio of 1.36. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 14.38 and a beta of 2.03. The firm has a fifty day moving average of $7.22. Amkor Technology has a 1 year low of $5.72 and a 1 year high of $9.74.



Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.06. The business had revenue of $895.00 million during the quarter, compared to analyst estimates 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 firm posted $0.04 earnings per share. On average, equities analysts forecast that Amkor Technology will post 0.19 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Hennessy Advisors Inc. purchased a new position in shares of Amkor Technology in the 2nd quarter worth about $78,000. Quantamental Technologies LLC raised its position in shares of Amkor Technology by 57.0% in the 1st quarter. Quantamental Technologies LLC now owns 11,462 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 4,163 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new position in Amkor Technology in the 4th quarter worth about $107,000. NumerixS Investment Technologies Inc raised its position in 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. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Amkor Technology in the 2nd quarter worth about $151,000. 38.15% of the stock is owned by hedge funds and other 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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