Amkor Technology (NASDAQ:AMKR) Rating Lowered to Buy at BidaskClub

Amkor Technology (NASDAQ:AMKR) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday, BidAskClub reports.

A number of other equities analysts have also issued reports on AMKR. ValuEngine lowered shares of Amkor Technology from a “hold” rating to a “sell” rating in a research report on Tuesday. Deutsche Bank upped their price target on shares of Amkor Technology from $8.00 to $12.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Credit Suisse Group upgraded shares of Amkor Technology from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $8.20 to $15.00 in a research note on Tuesday, October 29th. Finally, TheStreet raised shares of Amkor Technology from a “c+” rating to a “b-” rating in a research 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 stock. Amkor Technology has a consensus rating of “Hold” and an average target price of $12.67.

Shares of NASDAQ:AMKR opened at $9.99 on Wednesday. Amkor Technology has a 12 month low of $6.41 and a 12 month high of $15.24. The firm has a market capitalization of $2.51 billion, a P/E ratio of 19.98 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. The company’s fifty day moving average price is $12.24 and its 200 day moving average price is $11.29.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.18. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.10 billion. Amkor Technology had a net margin of 2.98% and a return on equity of 7.21%. Amkor Technology’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. On average, sell-side analysts anticipate that Amkor Technology will post 1 EPS for the current year.

A number of institutional investors have recently bought and sold shares of AMKR. AJO LP grew its stake in shares of Amkor Technology by 418.9% in the 4th quarter. AJO LP now owns 771,585 shares of the semiconductor company’s stock valued at $10,030,000 after purchasing an additional 622,878 shares during the last quarter. Man Group plc raised its stake in shares of Amkor Technology by 314.6% during the third quarter. Man Group plc now owns 731,058 shares of the semiconductor company’s stock worth $6,652,000 after purchasing an additional 554,734 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Amkor Technology by 89.6% during the fourth quarter. Marshall Wace LLP now owns 1,019,501 shares of the semiconductor company’s stock worth $13,254,000 after purchasing an additional 481,670 shares during the last quarter. AXA acquired a new stake in shares of Amkor Technology during the fourth quarter worth $6,243,000. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Amkor Technology by 58.0% during the fourth quarter. Panagora Asset Management Inc. now owns 1,019,369 shares of the semiconductor company’s stock worth $13,252,000 after purchasing an additional 374,037 shares during the period. 38.81% of the stock is 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.

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