Shares of Amkor Technology, Inc. (NASDAQ:AMKR) were up 6.4% during mid-day trading on Thursday . The stock traded as high as $11.02 and last traded at $10.95. Approximately 1,954,200 shares changed hands during trading, an increase of 62% from the average daily volume of 1,208,267 shares. The stock had previously closed at $10.29.

Several analysts recently issued reports on AMKR shares. Zacks Investment Research lowered shares of Amkor Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. ValuEngine lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.50.

The firm has a market cap of $2,620.11, a P/E ratio of 14.60 and a beta of 2.62. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.08 billion. Amkor Technology had a net margin of 6.41% and a return on equity of 12.04%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. analysts predict that Amkor Technology, Inc. will post 0.51 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AXA raised its stake in Amkor Technology by 2.9% during the third quarter. AXA now owns 587,300 shares of the semiconductor company’s stock worth $6,196,000 after buying an additional 16,820 shares during the last quarter. Rubric Capital Management LP raised its stake in Amkor Technology by 50.5% during the third quarter. Rubric Capital Management LP now owns 1,188,718 shares of the semiconductor company’s stock worth $12,541,000 after buying an additional 398,978 shares during the last quarter. Walthausen & Co. LLC bought a new position in Amkor Technology during the third quarter worth $18,815,000. Cubist Systematic Strategies LLC raised its stake in Amkor Technology by 73.9% during the third quarter. Cubist Systematic Strategies LLC now owns 50,260 shares of the semiconductor company’s stock worth $530,000 after buying an additional 21,358 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in Amkor Technology by 443.0% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 174,667 shares of the semiconductor company’s stock worth $1,842,000 after buying an additional 142,500 shares during the last quarter. 39.38% of the stock is owned by institutional investors and hedge funds.

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About Amkor Technology

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.

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