By otakuyassine3@gmail.com 
Shares of Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) hit a new 52-week low during trading on Tuesday after B. Riley lowered their price target on the stock from $38.00 to $32.00. B. Riley currently has a buy rating on the stock. Amkor Technology traded as low as $21.91 and last traded at $22.35, with a volume of 667743 shares changing hands. The stock had previously closed at $24.36.
Several other equities analysts have also recently commented on AMKR. DA Davidson decreased their price target on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. KeyCorp reduced their price objective on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price objective on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $34.00 price objective on shares of Amkor Technology in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Amkor Technology presently has a consensus rating of “Hold” and a consensus price target of $31.50.
Get Our Latest Research Report on Amkor Technology
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Neo Ivy Capital Management purchased a new position in Amkor Technology during the 3rd quarter worth $930,000. Valley Wealth Managers Inc. grew its position in Amkor Technology by 115.1% during the 3rd quarter. Valley Wealth Managers Inc. now owns 730,701 shares of the semiconductor company’s stock worth $22,359,000 after purchasing an additional 391,002 shares during the last quarter. Geode Capital Management LLC grew its position in Amkor Technology by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock worth $64,101,000 after purchasing an additional 131,106 shares during the last quarter. Principal Financial Group Inc. grew its position in Amkor Technology by 212.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock worth $41,647,000 after purchasing an additional 925,644 shares during the last quarter. Finally, General American Investors Co. Inc. purchased a new position in Amkor Technology during the 3rd quarter worth $3,060,000. 42.76% of the stock is owned by hedge funds and other institutional investors.
Amkor Technology Price Performance
The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The company has a market capitalization of $5.39 billion, a PE ratio of 14.76 and a beta of 1.81. The company’s 50-day simple moving average is $25.53 and its 200-day simple moving average is $28.15.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. As a group, sell-side analysts anticipate that Amkor Technology, Inc. will post 1.38 earnings per share for the current year.
Amkor Technology Company Profile
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.
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