The stock of Amkor Technology, Inc. (NASDAQ:AMKR) hit a new 52-week high and has $17.40 target or 50.00% above today’s $11.60 share price. The 5 months bullish chart indicates low risk for the $2.83 billion company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $17.40 price target is reached, the company will be worth $1.42B 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 125,999 shares traded hands. Amkor Technology, Inc. (NASDAQ:AMKR) has risen 112.57% since April 12, 2016 and is uptrending. It has outperformed by 107.59% 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. $7 is the highest target while $5.80 is the lowest. The $6.40 average target is -44.83% below today’s ($11.6) stock price. Amkor has been the topic of 8 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, July 28 by Topeka Capital Markets. On Tuesday, September 1 the stock rating was upgraded by Zacks to “Sell”. The rating was upgraded by Credit Suisse to “Outperform” on Monday, August 24. The firm has “Outperform” rating given on Friday, August 21 by Credit Suisse. The firm has “Neutral” rating given on Tuesday, September 15 by Citigroup. The firm has “Sell” rating by Citigroup given on Wednesday, May 25. The stock of Amkor Technology, Inc. (NASDAQ:AMKR) earned “Buy” rating by Topeka Capital Markets on Thursday, April 28. The firm has “Sell” rating by Zacks given on Tuesday, August 25.
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 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.
Ubs Asset Mngmt Americas Inc holds 103,333 shares or 0% of its portfolio. Geode Capital Management Lc has 762,584 shares for 0% of their US portfolio. The Delaware-based Blackrock Limited Liability Com has invested 0% in Amkor Technology, Inc. (NASDAQ:AMKR). Swiss Savings Bank holds 0% of its portfolio in Amkor Technology, Inc. (NASDAQ:AMKR) for 177,200 shares. Ameriprise Fincl last reported 0.01% of its portfolio in the stock. Cipher Capital Lp, a New York-based fund reported 59,527 shares. Jacobs Levy Equity Mgmt holds 34,000 shares or 0% of its portfolio. Babson Cap Lc holds 0% of its portfolio in Amkor Technology, Inc. (NASDAQ:AMKR) for 12,700 shares. Federated Invsts Pa, a Pennsylvania-based fund reported 9,030 shares. Credit Suisse Ag holds 0% or 106,314 shares in its portfolio. Blackrock Mngmt Ltd accumulated 407,463 shares or 0% of the stock. Retail Bank Of Montreal Can, a Ontario – Canada-based fund reported 497,047 shares. Cap Impact Advsrs Ltd Limited Liability Company last reported 143,785 shares in the company. Citadel Advsrs Ltd Liability Com holds 186,879 shares or 0% of its portfolio. Ontario Teachers Pension Plan Board last reported 60,199 shares in the company.
Insider Transactions: Since August 4, 2016, the stock had 0 buys, and 7 insider sales for $4.07 million net activity. Stone John Charles had sold 6,600 shares worth $61,050 on Wednesday, September 7. The insider Rutten Guillaume Marie Jean sold $334,650. Another trade for 100,000 shares valued at $1.10 million was sold by Kelley Stephen Douglas. Another trade for 10,000 shares valued at $75,600 was sold by ZUG JAMES W.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.