The stock of Amkor Technology, Inc. (NASDAQ:AMKR) hit a new 52-week high and has $17.74 target or 62.00% above today’s $10.95 share price. The 9 months bullish chart indicates low risk for the $2.60B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $17.74 price target is reached, the company will be worth $1.61 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.32M shares traded hands or 12.82% up from the average. Amkor Technology, Inc. (NASDAQ:AMKR) has risen 87.93% since April 5, 2016 and is uptrending. It has outperformed by 85.97% the S&P500.
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. The stock of Amkor Technology, Inc. (NASDAQ:AMKR) earned “Buy” rating by Topeka Capital Markets on Thursday, April 28. The stock has “Sell” rating given by Zacks on Tuesday, September 1. Credit Suisse upgraded the stock to “Outperform” rating in Friday, August 21 report. As per Tuesday, July 28, the company rating was maintained by Topeka Capital Markets. The firm has “Sell” rating given on Wednesday, May 25 by Citigroup. The company was upgraded on Tuesday, August 25 by Zacks. The stock of Amkor Technology, Inc. (NASDAQ:AMKR) earned “Neutral” rating by Citigroup on Tuesday, September 15. The rating was upgraded by Credit Suisse on Monday, August 24 to “Outperform”.
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 Q2 2016. Its up 0.53, from 0.75 in 2016Q1. The ratio improved, 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.
Acadian Asset Ltd has invested 0.01% of its portfolio in Amkor Technology, Inc. (NASDAQ:AMKR). Top Ace Asset Mgmt Limited last reported 92,625 shares in the company. Principal has 25,064 shares for 0% of their US portfolio. Deutsche Natl Bank Ag last reported 85,500 shares in the company. Numeric Investors Ltd holds 0.02% of its portfolio in Amkor Technology, Inc. (NASDAQ:AMKR) for 303,035 shares. Pnc Fin Gp Incorporated last reported 0% of its portfolio in the stock. Wells Fargo & Mn has 51,112 shares for 0% of their US portfolio. Engineers Gate Manager L P accumulated 24,985 shares or 0.01% of the stock. Teachers Inc holds 0% of its portfolio in Amkor Technology, Inc. (NASDAQ:AMKR) for 158,867 shares. Geode Management Lc holds 0% or 762,584 shares in its portfolio. Pacad has invested 0.01% of its portfolio in Amkor Technology, Inc. (NASDAQ:AMKR). Amp Investors Ltd accumulated 14,500 shares or 0% of the stock. Metropolitan Life Insur Ny accumulated 0% or 79,455 shares. Prudential Financial has 1.94 million shares for 0.02% of their US portfolio. Citadel Ltd Llc, a Illinois-based fund reported 186,879 shares.
Insider Transactions: Since August 4, 2016, the stock had 0 buys, and 3 sales for $168,105 net activity. 10,000 shares with value of $75,600 were sold by ZUG JAMES W on Thursday, August 4. Stone John Charles also sold $31,455 worth of Amkor Technology, Inc. (NASDAQ:AMKR) on Friday, September 2.
More news for Amkor Technology, Inc. (NASDAQ:AMKR) were recently published by: Fool.com, which released: “Why Amkor Technology, Inc. Stock Jumped” on November 01, 2016. Fool.com‘s article titled: “Why Amkor Technology, Inc. Stock Jumped 21%” and published on August 02, 2016 is yet another important article.
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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