Amkor Technology, Inc. (NASDAQ:AMKR) Receives Consensus Rating of “Hold” from Analysts

Amkor Technology, Inc. (NASDAQ:AMKR) has earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $31.50.

Several research analysts have commented on AMKR shares. Needham & Company LLC restated a “buy” rating and issued a $34.00 target price on shares of Amkor Technology in a research report on Tuesday, February 11th. Morgan Stanley dropped their target price on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their price target on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. B. Riley downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 21st. Finally, Melius downgraded Amkor Technology from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $34.00 to $30.00 in a research note on Monday, January 6th.

Insider Buying and Selling

In related news, EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the transaction, the executive vice president now directly owns 1,388 shares in the company, valued at $30,105.72. The trade was a 79.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction on Monday, February 24th. The stock was sold at an average price of $21.85, for a total value of $18,999,995.25. Following the completion of the transaction, the insider now owns 10,020,870 shares in the company, valued at $218,956,009.50. The trade was a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 26.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Highland Capital Management LLC grew its holdings in shares of Amkor Technology by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 482 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Amkor Technology by 0.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company’s stock valued at $2,313,000 after buying an additional 484 shares in the last quarter. Robotti Robert grew its holdings in shares of Amkor Technology by 0.3% during the fourth quarter. Robotti Robert now owns 215,837 shares of the semiconductor company’s stock valued at $5,545,000 after buying an additional 705 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Amkor Technology by 2.0% during the fourth quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company’s stock valued at $1,020,000 after buying an additional 782 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Amkor Technology by 0.8% during the fourth quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company’s stock valued at $2,461,000 after buying an additional 785 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Price Performance

NASDAQ AMKR opened at $17.48 on Tuesday. Amkor Technology has a 52 week low of $14.03 and a 52 week high of $44.86. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 12.22 and a beta of 1.88. The company has a 50-day moving average price of $18.55 and a two-hundred day moving average price of $23.51.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, April 28th. The semiconductor company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Analysts forecast that Amkor Technology will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Thursday, March 13th. Amkor Technology’s payout ratio is 23.08%.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.