Amkor Technology (AMKR) is Reiterated by Deutsche Bank to Hold, Raises Price Target to $ 7.50

Amkor Technology (AMKR) was Reiterated by Deutsche Bank to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 7.50 from a previous price target of $6 . Deutsche Bank advised their investors in a research report released on Aug 2, 2016.

Many Wall Street Analysts have commented on Amkor Technology. Amkor Technology was Downgraded by Citigroup to ” Sell” on May 25, 2016.

On the company’s financial health, Amkor Technology reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $-0.08. The company had revenue of $917.00 million for the quarter, compared to analysts expectations of $876.18 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Amkor Technology closed down -0.04 points or -0.63% at $6.29 with 8,61,706 shares getting traded on Friday. Post opening the session at $6.35, the shares hit an intraday low of $6.24 and an intraday high of $6.46 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 12, 2015, Winston J Churchill (director) purchased 11,300 shares at $4.35 per share price. According to the SEC, on Aug 12, 2015, Robert Randolph Morse (director) purchased 10,000 shares at $4.18 per share price. On Jul 30, 2015, Roger Anthony Carolin (director) purchased 12,000 shares at $4.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Amkor Technology Inc. (Amkor) 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.

Amkor Technology

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