An issue of Amkor Technology, Inc. (NASDAQ:AMKR) bonds rose 2% against their face value during trading on Friday. The high-yield debt issue has a 6.625% coupon and will mature on September 15, 2027. The bonds in the issue are now trading at $101.75. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.
A number of brokerages recently commented on AMKR. BidaskClub lowered Amkor Technology from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Zacks Investment Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Wednesday, January 23rd. Sidoti started coverage on Amkor Technology in a research report on Friday, January 4th. They issued a “neutral” rating for the company. Finally, TheStreet raised Amkor Technology from a “c” rating to a “b-” rating in a research report on Friday, January 25th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.67.
NASDAQ:AMKR traded up $0.17 during trading hours on Friday, reaching $8.77. The stock had a trading volume of 1,235,283 shares, compared to its average volume of 1,054,980. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.44 and a quick ratio of 1.24. Amkor Technology, Inc. has a 12-month low of $5.72 and a 12-month high of $11.41. The company has a market capitalization of $2.06 billion, a P/E ratio of 16.55 and a beta of 1.92.
Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, February 11th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.04. Amkor Technology had a return on equity of 7.07% and a net margin of 2.94%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. As a group, analysts anticipate that Amkor Technology, Inc. will post 0.1 earnings per share for the current year.
In other news, Director Roger Anthony Carolin sold 20,000 shares of Amkor Technology stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $9.36, for a total value of $187,200.00. Following the completion of the transaction, the director now directly owns 54,176 shares in the company, valued at $507,087.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Winston J. Churchill sold 17,476 shares of Amkor Technology stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $9.42, for a total value of $164,623.92. Following the completion of the transaction, the director now owns 16,000 shares of the company’s stock, valued at $150,720. The disclosure for this sale can be found here. Company insiders own 57.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its position in shares of Amkor Technology by 1.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 107,369 shares of the semiconductor company’s stock valued at $704,000 after purchasing an additional 1,489 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Amkor Technology by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 45,467 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 1,772 shares in the last quarter. Legal & General Group Plc grew its position in shares of Amkor Technology by 1.9% in the fourth quarter. Legal & General Group Plc now owns 101,960 shares of the semiconductor company’s stock valued at $668,000 after purchasing an additional 1,923 shares in the last quarter. NumerixS Investment Technologies Inc grew its position in shares of Amkor Technology by 81.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 11,400 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 5,100 shares in the last quarter. Finally, United Services Automobile Association grew its position in Amkor Technology by 19.3% during the fourth quarter. United Services Automobile Association now owns 41,802 shares of the semiconductor company’s stock worth $274,000 after buying an additional 6,776 shares in the last quarter. Institutional investors own 38.17% of the company’s stock.
Amkor Technology Company Profile (NASDAQ:AMKR)
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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