BUZZ-Amkor Technology shares hit highest since Jan after it reports upbeat sales

Reuters

07/29

** Shares Amkor Technology AMKR.O surged 18% on Tues and hit their highest level since Jan after the co reported quarterly sales that beat analyst expectations and some brokerages raised their PTs on the stock

** UBS raised its PT on the stock to $25 from $23, while Needham increased its target price to $28 from $22

** The median 12-mo PT on the stock is $25.00; AMKR was last at $25.14

** Analyst ratings on the stock include four "strong buy" or "buy" ratings, six "hold" ratings and one "sell" rating

** Including the session move, AMKR is still down about 2% YTD compared with a gain of roughly 9.5% in the Nasdaq .IXIC so far this yr

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))

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