Amkor Technology, Inc. (NASDAQ:AMKR)’s share price shot up 5.1% during mid-day trading on Friday . The stock traded as high as $9.33 and last traded at $9.27. 1,840,002 shares were traded during trading, an increase of 98% from the average session volume of 929,939 shares. The stock had previously closed at $8.82.

Several brokerages have issued reports on AMKR. Zacks Investment Research lowered Amkor Technology from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. ValuEngine lowered Amkor Technology from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub lowered Amkor Technology from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.50.

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.16 and a quick ratio of 0.92. The stock has a market capitalization of $2,218.13, a price-to-earnings ratio of 8.50 and a beta of 2.52.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMKR. Quantitative Systematic Strategies LLC acquired a new stake in Amkor Technology in the fourth quarter valued at about $107,000. Verition Fund Management LLC acquired a new stake in Amkor Technology in the second quarter valued at about $108,000. M&T Bank Corp acquired a new stake in Amkor Technology in the fourth quarter valued at about $111,000. Regentatlantic Capital LLC acquired a new stake in Amkor Technology in the fourth quarter valued at about $113,000. Finally, Amalgamated Bank lifted its position in Amkor Technology by 2.8% in the second quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 349 shares during the period. 39.48% of the stock is currently owned by hedge funds and other institutional investors.

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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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