Amkor Technology (AMKR) : The consensus on Amkor Technology (AMKR) based on 1 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Also, Citigroup maintains its view on Amkor Technology (NASDAQ:AMKR) according to the research report released by the firm to its investors. The shares have now been rated Sell by the stock experts at the ratings house. Citigroup raises the price target from $5 per share to $6.2 per share on Amkor Technology . The rating by the firm was issued on August 3, 2016.
Amkor Technology (NASDAQ:AMKR): After opening at $8.67, the stock dipped to an intraday low of $8.67 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.94 and the buying power remained strong till the end. The stock closed at $8.9 for the day, a gain of 2.89% for the day session. The total traded volume was 784,663. The stocks close on the previous trading day was $8.65.
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.