Amkor Technology, Inc. (NASDAQ:AMKR) Given Average Rating of “Moderate Buy” by Analysts

Amkor Technology, Inc. (NASDAQ:AMKR) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $41.14.

Several brokerages have issued reports on AMKR. DA Davidson lifted their price target on Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. began coverage on Amkor Technology in a research note on Monday, July 1st. They issued an “overweight” rating and a $48.00 target price for the company. Needham & Company LLC boosted their target price on Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday. B. Riley boosted their target price on Amkor Technology from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Finally, The Goldman Sachs Group boosted their target price on Amkor Technology from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st.

Insider Activity at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $33.37, for a total transaction of $834,250.00. Following the transaction, the chief executive officer now owns 104,476 shares in the company, valued at approximately $3,486,364.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 31.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Whalen Wealth Management Inc. grew its holdings in shares of Amkor Technology by 97.3% during the 2nd quarter. Whalen Wealth Management Inc. now owns 14,575 shares of the semiconductor company’s stock worth $583,000 after acquiring an additional 7,187 shares during the period. Chilton Capital Management LLC grew its holdings in shares of Amkor Technology by 111.5% during the 2nd quarter. Chilton Capital Management LLC now owns 4,216 shares of the semiconductor company’s stock worth $169,000 after acquiring an additional 2,223 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Amkor Technology during the 2nd quarter worth approximately $276,000. Natixis Advisors LLC purchased a new position in shares of Amkor Technology during the 2nd quarter worth approximately $734,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of Amkor Technology during the 2nd quarter worth approximately $136,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Trading Down 8.1 %

Shares of AMKR stock opened at $30.01 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $37.46 and a two-hundred day moving average price of $33.75. Amkor Technology has a 12-month low of $17.58 and a 12-month high of $44.86. The firm has a market cap of $7.38 billion, a P/E ratio of 19.74 and a beta of 1.86.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. Equities analysts anticipate that Amkor Technology will post 1.7 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Tuesday, June 4th were issued a dividend of $0.079 per share. The ex-dividend date was Tuesday, June 4th. This represents a $0.32 dividend on an annualized basis and a yield of 1.05%. Amkor Technology’s dividend payout ratio is presently 20.39%.

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.