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

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $31.50.

A number of research analysts have issued reports on AMKR shares. B. Riley decreased their price target on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Morgan Stanley dropped their price target on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Melius Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. dropped their target price 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. Finally, Melius downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating and cut their price target for the stock from $34.00 to $30.00 in a report on Monday, January 6th.

Insider Activity

In related news, major shareholder Agnes C. Kim sold 869,565 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $218,956,009.50. This represents a 7.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of the stock in a transaction that occurred 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 owns 1,388 shares in the company, valued at $30,105.72. This represents a 79.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 31.40% of the company’s stock.

Institutional Investors Weigh In On Amkor Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMKR. SBI Securities Co. Ltd. acquired a new stake in shares of Amkor Technology in the fourth quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new position in Amkor Technology in the 3rd quarter valued at about $39,000. Jones Financial Companies Lllp boosted its holdings in Amkor Technology by 353.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after buying an additional 1,160 shares during the last quarter. Bessemer Group Inc. increased its stake in Amkor Technology by 421.0% during the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock worth $39,000 after buying an additional 1,242 shares in the last quarter. Finally, Hurley Capital LLC acquired a new position in shares of Amkor Technology during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Performance

Shares of AMKR opened at $19.61 on Monday. 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 firm has a market cap of $4.84 billion, a PE ratio of 13.71 and a beta of 1.88. Amkor Technology has a 12 month low of $18.87 and a 12 month high of $44.86. The stock has a fifty day moving average price of $23.32 and a 200-day moving average price of $26.57.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. Equities research analysts predict that Amkor Technology will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.69%. Amkor Technology’s payout ratio is 23.08%.

Amkor Technology Company Profile

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.