Amkor Technology, Inc. (NASDAQ:AMKR) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 4, 2016
Zacks Investment Research has downgraded Amkor Technology, Inc. (NASDAQ:AMKR) to Hold in a statement released on Tuesday October 04, 2016.
On 8/03/2016, Citigroup released a statement for Amkor Technology, Inc. (NASDAQ:AMKR) bumped up the target price from $5.00 to $6.20 that suggested a downside of -0.18%.
Boasting a price of $9.70, Amkor Technology, Inc. (NASDAQ:AMKR) traded 0.51% higher on the day. With the last stock price close up 41.89% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Amkor Technology, Inc. has recorded a 50-day average of $9.19 and a two hundred day average of $6.89. Volume of trade was down over the average, with 896,969 shares of AMKR changing hands under the typical 1,388,600
With a market capitalization of $0, Amkor Technology, Inc. has one year low of $4.09 and a one year high of $9.95 with a P/E ratio of 86.55 .
In addition to Zacks Investment Research reporting its stock price target, a total of 4 brokers have issued a research note on the company. The average stock price target is $5.99 with 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Amkor Technology, Inc. (NASDAQ:AMKR)
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 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 Company 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 focuses on the semiconductor design process and manufacturing process. Its packages employ wirebond, flip chip, copper clip and other interconnect technologies. It uses leadframe and substrate package carriers, and performs a range of test services.
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