The stock of Amkor Technology, Inc. (NASDAQ:AMKR) is a huge mover today! About 601,000 shares traded hands. Amkor Technology, Inc. (NASDAQ:AMKR) has risen 92.09% since February 29, 2016 and is uptrending. It has outperformed by 79.88% the S&P500.
The move comes after 7 months positive chart setup for the $2.35 billion company. It was reported on Oct, 3 by Barchart.com. We have $15.33 PT which if reached, will make NASDAQ:AMKR worth $1.36 billion more.
Analysts await Amkor Technology, Inc. (NASDAQ:AMKR) to report earnings on October, 24. They expect $0.20 earnings per share, up 66.67% or $0.08 from last year’s $0.12 per share. AMKR’s profit will be $48.45 million for 12.13 P/E if the $0.20 EPS becomes a reality. After $0.02 actual earnings per share reported by Amkor Technology, Inc. for the previous quarter, Wall Street now forecasts 900.00% EPS growth.
Amkor Technology, Inc. (NASDAQ:AMKR) Ratings Coverage
Out of 3 analysts covering Amkor (NASDAQ:AMKR), 2 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 67% are positive. Amkor has been the topic of 8 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Wednesday, May 25, the company rating was downgraded by Citigroup. The stock of Amkor Technology, Inc. (NASDAQ:AMKR) has “Buy” rating given on Tuesday, July 28 by Topeka Capital Markets. Credit Suisse upgraded the shares of AMKR in a report on Friday, August 21 to “Outperform” rating. The stock of Amkor Technology, Inc. (NASDAQ:AMKR) earned “Sell” rating by Zacks on Tuesday, September 1. Citigroup downgraded Amkor Technology, Inc. (NASDAQ:AMKR) rating on Tuesday, September 15. Citigroup has “Neutral” rating and $5.80 price target. As per Thursday, April 28, the company rating was maintained by Topeka Capital Markets. The stock of Amkor Technology, Inc. (NASDAQ:AMKR) has “Outperform” rating given on Monday, August 24 by Credit Suisse. Zacks upgraded Amkor Technology, Inc. (NASDAQ:AMKR) on Tuesday, August 25 to “Sell” rating.
According to Zacks Investment Research, “Amkor is the world’s largest independent provider of semiconductor packaging and test services. Also, the company is one of the leading developers of advanced semiconductor packaging and test technology. The company offers one of the industry’s broadest integrated sets of packaging and test services, which are the final procedures necessary to prepare semiconductor devices for further use. Its customers outsource the packaging and testing of semiconductor chips to the company in order to benefit from the our expertise in the development and implementation.”
Insitutional Activity: The institutional sentiment increased to 1.28 in 2016 Q2. Its up 0.53, from 0.75 in 2016Q1. The ratio is positive, as 17 funds sold all Amkor Technology, Inc. shares owned while 37 reduced positions. 27 funds bought stakes while 42 increased positions. They now own 74.52 million shares or 6.13% less from 79.39 million shares in 2016Q1.
Art Advsrs Limited Co has invested 0.01% of its portfolio in Amkor Technology, Inc. (NASDAQ:AMKR). Price T Rowe Associates Md last reported 16,353 shares in the company. Spot Trading Limited Liability last reported 0% of its portfolio in the stock. Moreover, Renaissance Techs Lc has 0.03% invested in Amkor Technology, Inc. (NASDAQ:AMKR) for 3.12M shares. Bnp Paribas Arbitrage Sa holds 0% or 9,021 shares in its portfolio. Cornerstone Cap Mngmt Ltd Liability Corp accumulated 0.01% or 177,877 shares. Cubist Systematic Strategies Lc accumulated 0% or 10,164 shares. Ontario Teachers Pension Plan Board holds 0% of its portfolio in Amkor Technology, Inc. (NASDAQ:AMKR) for 60,199 shares. Wellington Mngmt Gp Limited Liability Partnership reported 166,513 shares or 0% of all its holdings. Federated Incorporated Pa accumulated 0% or 9,030 shares. Next Gru has 4,344 shares for 0.01% of their US portfolio. Blackrock Fund Advsrs owns 2.45M shares or 0% of their US portfolio. Barrow Hanley Mewhinney Strauss Limited Liability Com reported 458,992 shares or 0% of all its holdings. Arbiter Prns Mngmt Limited Liability Corp has 509,157 shares for 0.38% of their US portfolio. Walleye Trading Limited Liability Co accumulated 0% or 9,387 shares.
Insider Transactions: Since August 4, 2016, the stock had 0 insider purchases, and 3 insider sales for $168,105 net activity. On Friday, September 2 the insider Stone John Charles sold $31,455. ZUG JAMES W had sold 10,000 shares worth $75,600 on Thursday, August 4.
Another recent and important Amkor Technology, Inc. (NASDAQ:AMKR) news was published by Fool.com which published an article titled: “Why Amkor Technology, Inc. Stock Jumped 21%” on August 02, 2016.
AMKR Company Profile
Amkor Technology, Inc., incorporated on October 26, 1997, is a well-known 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 employed, size, thickness and electrical, and mechanical and thermal performance. It provides packaging and test services, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, test and drop shipment services. The Firm provides its services to integrated device manufacturers (IDMs), fabless semiconductor companies and contract foundries. IDMs design, manufacture, package and test semiconductors in their own facilities. Fabless semiconductor companies focus on the semiconductor design process and manufacturing process.
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