Amkor Technology (NASDAQ:AMKR) Hits New 12-Month High at $9.99

Amkor Technology, Inc. (NASDAQ:AMKR)’s stock price reached a new 52-week high on Friday . The stock traded as high as $9.99 and last traded at $9.92, with a volume of 20676 shares traded. The stock had previously closed at $9.53.

Several analysts have weighed in on the stock. BidaskClub raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. ValuEngine downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $7.75.

The firm’s fifty day moving average price is $8.96 and its 200 day moving average price is $8.23. The firm has a market capitalization of $2.33 billion, a PE ratio of 18.62 and a beta of 1.90. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, July 29th. The semiconductor company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $895.31 million for the quarter, compared to the consensus estimate of $896.05 million. Amkor Technology had a net margin of 1.31% and a return on equity of 3.68%. The business’s revenue for the quarter was down 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. On average, analysts predict that Amkor Technology, Inc. will post 0.15 earnings per share for the current year.

In other news, Director Gil C. Tily sold 12,500 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $9.09, for a total value of $113,625.00. Following the sale, the director now directly owns 87,325 shares of the company’s stock, valued at approximately $793,784.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 59.60% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in Amkor Technology during the second quarter worth $51,000. Advisory Services Network LLC boosted its holdings in Amkor Technology by 500.0% during the second quarter. Advisory Services Network LLC now owns 9,000 shares of the semiconductor company’s stock worth $67,000 after buying an additional 7,500 shares in the last quarter. Jane Street Group LLC purchased a new stake in Amkor Technology during the second quarter worth $75,000. Hennessy Advisors Inc. purchased a new stake in Amkor Technology during the second quarter worth $78,000. Finally, NumerixS Investment Technologies Inc boosted its holdings in Amkor Technology by 49.1% during the first 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 in the last quarter. 37.67% of the stock is currently owned by institutional investors and hedge funds.

About Amkor Technology (NASDAQ:AMKR)

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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