Amkor Technology’s stock received a price target increase from Morgan Stanley, from $34 to $38. The semiconductor company also received buy ratings and target price increases from Needham & Company LLC, JPMorgan Chase & Co., and DA Davidson. The stock has seen positive ratings from analysts, with a consensus target price of $40.43.
The company recently announced its quarterly earnings, reporting a higher than expected earnings per share of $0.24. The stock’s 50-day moving average is $34.25, with a 200-day moving average of $32.65. The company has a market capitalization of $9.89 billion and a beta of 1.86. Amkor Technology’s stock closed at $40.22 on Tuesday.
In terms of dividends, the company recently declared a quarterly dividend and paid out $0.079 per share on June 24th. CEO Guillaume Marie Jean Rutten and Director Gil C. Tily both recently sold shares of the company’s stock. Institutional investors, including Vanguard Group Inc. and Goldman Sachs, have also made significant changes to their positions in the stock.
Overall, Amkor Technology provides outsourced semiconductor packaging and test services globally. The company offers packaging services for a range of electronic devices and has seen positive growth in the semiconductor industry. With strong ratings from analysts and positive quarterly earnings, the company continues to show potential for growth and profitability.
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