Analysts Set Amkor Technology, Inc. (NASDAQ:AMKR) Target Price at $28.00

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $28.00.

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Amkor Technology from $30.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, April 29th. Needham & Company LLC dropped their target price on shares of Amkor Technology from $34.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Morgan Stanley dropped their target price on shares of Amkor Technology from $24.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Amkor Technology in a research report on Thursday, April 17th. Finally, DA Davidson decreased their price target on shares of Amkor Technology from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th.

Amkor Technology Trading Down 2.2%

NASDAQ:AMKR opened at $18.48 on Friday. The company has a 50-day moving average price of $17.72 and a 200-day moving average price of $22.05. Amkor Technology has a 12 month low of $14.03 and a 12 month 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 $4.57 billion, a price-to-earnings ratio of 12.92 and a beta of 1.86.

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. During the same period last year, the company posted $0.24 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities analysts predict that Amkor Technology will post 1.47 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be paid a $0.0827 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.33 annualized dividend and a dividend yield of 1.79%. Amkor Technology’s payout ratio is 25.78%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMKR. Barclays PLC increased its stake in Amkor Technology by 99.5% during the 3rd quarter. Barclays PLC now owns 405,400 shares of the semiconductor company’s stock valued at $12,406,000 after purchasing an additional 202,218 shares in the last quarter. Merit Financial Group LLC increased its stake in Amkor Technology by 34.4% during the 4th quarter. Merit Financial Group LLC now owns 13,722 shares of the semiconductor company’s stock valued at $353,000 after purchasing an additional 3,513 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Amkor Technology by 1,128.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,950 shares of the semiconductor company’s stock valued at $256,000 after purchasing an additional 9,140 shares in the last quarter. SG Americas Securities LLC increased its stake in Amkor Technology by 70.3% during the 4th quarter. SG Americas Securities LLC now owns 18,590 shares of the semiconductor company’s stock valued at $478,000 after purchasing an additional 7,677 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Amkor Technology by 4.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 33,925 shares of the semiconductor company’s stock valued at $872,000 after purchasing an additional 1,456 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors.

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.