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

Amkor Technology, Inc. (NASDAQ:AMKR) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $69.8750.

AMKR has been the subject of a number of research analyst reports. Needham & Company LLC increased their price target on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a research note on Monday, April 20th. B. Riley Financial upped their price objective on shares of Amkor Technology from $70.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. The Goldman Sachs Group lifted their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Finally, Morgan Stanley boosted their target price on shares of Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th.

Amkor Technology Price Performance

NASDAQ AMKR opened at $69.65 on Friday. The firm’s fifty day simple moving average is $75.56 and its two-hundred day simple moving average is $57.84. The firm has a market capitalization of $17.26 billion, a P/E ratio of 39.80 and a beta of 2.20. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. Amkor Technology has a 12-month low of $20.59 and a 12-month high of $96.68.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.23 by $0.10. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the business posted $0.09 EPS. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. Analysts forecast that Amkor Technology will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.0835 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. Amkor Technology’s payout ratio is 18.86%.

Insider Buying and Selling

In other Amkor Technology news, Director Winston J. Churchill sold 7,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $76.45, for a total transaction of $535,150.00. Following the sale, the director owned 18,888 shares in the company, valued at approximately $1,443,987.60. The trade was a 27.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roger Anthony Carolin sold 20,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.24, for a total value of $1,524,800.00. Following the completion of the transaction, the director directly owned 94,409 shares in the company, valued at $7,197,742.16. This represents a 17.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 119,000 shares of company stock worth $8,928,600 over the last three months. Corporate insiders own 26.40% of the company’s stock.

Institutional Investors Weigh In On Amkor Technology

A number of institutional investors and hedge funds have recently modified their holdings of AMKR. Royal Bank of Canada raised its holdings in shares of Amkor Technology by 100.6% during the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 3,454,012 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Amkor Technology by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 854 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Amkor Technology by 913.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 6,768 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Amkor Technology by 73.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock worth $9,476,000 after purchasing an additional 222,107 shares during the period. Finally, Caxton Associates LLP acquired a new stake in Amkor Technology during the 1st quarter worth about $271,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

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.