Topeka Capital Starts Amkor Technology (AMKR) at Buy

Topeka Capital initiated coverage on Amkor Technology (NASDAQ: AMKR) with a Buy rating and a price target of $5.00.

Analyst Suji De Silva said, "While AMKR margins and utilization are exposed to overall semiconductor unit demand, we are encouraged by the Company’s strength at the high-end of the OSAT market. As a result, we believe that AMKR can drive higher capital efficiency, margins, and return on invested capital than its competitors. We expect these metrics to further improve as the Company drives consolidation in the OSAT industry."

For an analyst ratings summary and ratings history on Amkor Technology click here. For more ratings news on Amkor Technology click here.

Shares of Amkor Technology closed at $4.37 yesterday.

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