Brokerage Firm Rating Update on Amkor Technology (AMKR)

Amkor Technology (AMKR) : 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Amkor Technology (AMKR). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 1 Wall Street Analysts endorse the stock as a Hold with a rating of 3.


The shares have received a consensus rating of Sell for the current week Also, Citigroup maintains its rating on Amkor Technology (NASDAQ:AMKR). The global brokerage major raises the current price target from $5 per share to $6.2 per share. Analysts at the Citigroup have a current rating of Sell on the shares. The rating by the firm was issued on August 3, 2016.

Amkor Technology (NASDAQ:AMKR): The stock opened at $9.17 and touched an intraday high of $9.34 on Wednesday. During the day, the stock corrected to an intraday low of $9.17, however, the bulls stepped in and pushed the price higher to close in the green at $9.25 with a gain of 0.65% for the day. The total traded volume for the day was 916,933. The stock had closed at $9.19 in the previous trading session.

Amkor Technology, Inc. (Amkor) is a provider of outsourced semiconductor packaging and test services. The Companys 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.

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