Analyst Rating Update on Amkor Technology (AMKR)

Amkor Technology (NASDAQ:AMKR) has an average broker rating of 3, which is interpreted as a Hold, as rated by 1 equity analysts. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

The shares have received a consensus rating of Sell for the current week Also, Major Brokerage house, Citigroup downgrades its ratings on Amkor Technology (NASDAQ:AMKR). According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 25, 2016.

Amkor Technology (NASDAQ:AMKR): stock turned positive on Tuesday. Though the stock opened at $5.46, the bulls momentum made the stock top out at $5.63 level for the day. The stock recorded a low of $5.42 and closed the trading day at $5.63, in the green by 4.84%. The total traded volume for the day was 979,112. The stock had closed at $5.37 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Amkor Technology, Inc., Churchill Winston J, had purchased 11,300 shares in a transaction dated on August 11, 2015. The transaction was executed at $4.35 per share with total amount equaling $49,155.

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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