Amkor Technology (AMKR) Earns Neutral Rating from Credit Suisse Group

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Credit Suisse Group reissued their neutral rating on shares of Amkor Technology (NASDAQ:AMKR) in a research report released on Wednesday, October 17th, Marketbeat.com reports.

A number of other research firms have also weighed in on AMKR. ValuEngine lowered shares of Amkor Technology from a sell rating to a strong sell rating in a report on Tuesday, October 2nd. Zacks Investment Research lowered shares of Amkor Technology from a hold rating to a sell rating in a research note on Wednesday, August 1st. Finally, BidaskClub upgraded shares of Amkor Technology from a strong sell rating to a sell rating in a research note on Tuesday, September 18th. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company has a consensus rating of Sell and an average target price of $7.00.

Shares of NASDAQ AMKR traded down $0.31 during trading on Wednesday, hitting $6.72. 1,216,043 shares of the company traded hands, compared to its average volume of 1,812,429. Amkor Technology has a fifty-two week low of $5.72 and a fifty-two week high of $11.68. The firm has a market capitalization of $1.69 billion, a P/E ratio of 11.59 and a beta of 2.19. The company has a current ratio of 1.38, a quick ratio of 1.05 and a debt-to-equity ratio of 0.70.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, October 29th. The semiconductor company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. Amkor Technology had a net margin of 4.55% and a return on equity of 8.97%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Amkor Technology will post 0.49 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Amkor Technology by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,989,249 shares of the semiconductor company’s stock valued at $137,348,000 after acquiring an additional 539,780 shares during the period. BlackRock Inc. grew its position in shares of Amkor Technology by 18.6% during the 3rd quarter. BlackRock Inc. now owns 9,153,586 shares of the semiconductor company’s stock valued at $67,644,000 after acquiring an additional 1,438,283 shares during the period. Northern Trust Corp grew its position in shares of Amkor Technology by 7.9% during the 2nd quarter. Northern Trust Corp now owns 3,457,914 shares of the semiconductor company’s stock valued at $29,704,000 after acquiring an additional 252,447 shares during the period. JPMorgan Chase & Co. grew its position in shares of Amkor Technology by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,313,340 shares of the semiconductor company’s stock valued at $17,097,000 after acquiring an additional 43,760 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Amkor Technology by 17.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,255,596 shares of the semiconductor company’s stock valued at $10,786,000 after acquiring an additional 183,532 shares during the period. 37.47% of the stock is owned by hedge funds and other 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.

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