Analyst Rating Update on Amkor Technology (AMKR)

Amkor Technology (AMKR) : Zacks Investment Research ranks Amkor Technology (AMKR) as 1, which is a Strong Buy recommendation. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 1 research analysts is 3, which indicates as a Hold.

The shares have received a consensus rating of Sell for the current week Also, In a research note released to the investors, Citigroup downgrades its rating on Amkor Technology (NASDAQ:AMKR).The analysts at the brokerage house have a current rating of Sell on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 25, 2016.


Amkor Technology (NASDAQ:AMKR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.33 and $7.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.52, notching a gain of 3.01% for the day. The total traded volume was 3,269,811 . The stock had closed at $7.30 on the previous day.

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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