Amkor Technology, Inc. (NASDAQ:AMKR) registered a 3.01% increase, still its new closing price is 142.54% up from the company’s 1 year high of 12.48.It posted 1.95% gains in previous 5 sessions and is now the subject of 2 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 1 sells versus 0 buy or better ratings. The 3 stock analysts following this company have an average price target at $8.50, with individual PT in the $7.50-$9.50 range. The shares moved at $9.92, implying that brokerage firms see shares gaining about 76.83% in twelve months time.
Amkor Technology, Inc. (AMKR) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -5.97% fall year to date. A President and CEO at Amkor Technology, Inc. (AMKR) offloaded shares in a transaction closed on Tuesday November 22, 2016. Kelley Stephen Douglas sold 85,214 shares in the company at $12.22 each and collected $1,041,000 in proceeds. Kelley Stephen Douglas now owns 93,750 shares in the company after this transaction. A Director in the company, OSBORNE JOHN, disclosed a transaction on Monday November 21, 2016 that ended up generating $85,001 from the sale of 6,994 shares at $12.27 per share.
Amkor Technology, Inc. (NASDAQ:AMKR) Upcoming Results on Tap
Amkor Technology, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.18 in that period. Sales during the quarter are predicted to arrive at $964.48 million.
Earnings surprise history: Last quarter, the company posted approximately $1.09 billion in revenue and EPS of $0.25. The mean forecast was for $1.06 billion and $0.21 a share, respectively. One quarter earlier, revenue for the stock was at $917.33 million, with earnings at $0.02/share.
Amkor Technology, Inc. (AMKR) Brokerage Update
Amkor Technology, Inc. (AMKR) is in Citigroup’s research list so their analyst rating change is noteworthy. These shares were downgraded to Sell from Neutral by Citigroup, according to news reported on Wednesday May 25, 2016.Another important research note was issued by Credit Suisse on Thursday April 28, 2016.The firm downgraded AMKR to Neutral from Outperform. Over the last six months and over the last three months, the shares of Amkor Technology, Inc. (AMKR), have changed 31.91% and -3.03%, respectively.