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

Amkor Technology, Inc. (NASDAQ:AMKR) has received a consensus rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $67.3750.

A number of brokerages have weighed in on AMKR. The Goldman Sachs Group upped their target price on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a report on Monday, April 20th. Melius Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, April 6th. Morgan Stanley increased their target price on Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Zacks Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, Director Gil C. Tily sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $77.30, for a total transaction of $1,159,500.00. Following the completion of the transaction, the director owned 108,806 shares of the company’s stock, valued at $8,410,703.80. This represents a 12.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Winston J. Churchill sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $76.45, for a total value of $535,150.00. Following the transaction, the director directly owned 18,888 shares of the company’s stock, valued at $1,443,987.60. The trade was a 27.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 113,000 shares of company stock worth $8,258,950 over the last three months. 26.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMKR. Royal Bank of Canada raised its position in Amkor Technology by 100.6% during the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock valued at $349,000 after purchasing an additional 3,454,012 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Amkor Technology by 204.5% in the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock worth $82,712,000 after acquiring an additional 1,407,109 shares in the last quarter. Norges Bank bought a new position in shares of Amkor Technology in the 4th quarter worth approximately $53,702,000. Arrowstreet Capital Limited Partnership raised its position in shares of Amkor Technology by 305.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock worth $44,719,000 after acquiring an additional 1,186,313 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Amkor Technology by 38.3% in the 2nd quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock worth $74,541,000 after acquiring an additional 985,727 shares in the last quarter. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $74.74 on Wednesday. The firm has a market capitalization of $18.53 billion, a P/E ratio of 42.71 and a beta of 2.25. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The stock’s 50-day simple moving average is $63.12 and its two-hundred day simple moving average is $50.95. Amkor Technology has a twelve month low of $17.81 and a twelve month high of $79.23.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. As a group, equities analysts anticipate that Amkor Technology will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.0835 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.33 dividend on an annualized basis and a yield of 0.4%. Amkor Technology’s dividend payout ratio is presently 18.86%.

Amkor Technology Company Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.