A number of other equities research analysts also recently weighed in on the company. Deutsche Bank upped their target price on Amkor Technology from $8.00 to $12.00 and gave the stock a hold rating in a research report on Tuesday, October 29th. Credit Suisse Group upgraded Amkor Technology from a neutral rating to an outperform rating and upped their target price for the stock from $8.20 to $15.00 in a research report on Tuesday, October 29th. Finally, TheStreet raised Amkor Technology from a c+ rating to a b- rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $12.67.
AMKR opened at $10.44 on Tuesday. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 20.87 and a beta of 1.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.89 and a quick ratio of 1.68. Amkor Technology has a 1-year low of $6.41 and a 1-year high of $15.24. The business has a 50 day moving average price of $12.19 and a two-hundred day moving average price of $11.30.
Several hedge funds and other institutional investors have recently bought and sold shares of AMKR. Knuff & Co LLC bought a new position in shares of Amkor Technology in the third quarter valued at $27,000. Rockefeller Capital Management L.P. bought a new position in shares of Amkor Technology in the fourth quarter valued at $34,000. Great West Life Assurance Co. Can bought a new position in shares of Amkor Technology in the fourth quarter valued at $87,000. Aigen Investment Management LP bought a new position in shares of Amkor Technology in the fourth quarter valued at $94,000. Finally, Ibex Investors LLC bought a new position in shares of Amkor Technology in the third quarter valued at $107,000. 38.81% of the stock is currently owned by institutional investors.
About Amkor Technology
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.
Further Reading: Balance Sheet
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