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

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $35.50.

A number of research firms recently issued reports on AMKR. Melius lowered Amkor Technology from a “buy” rating to a “hold” rating and lowered their target price for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Needham & Company LLC lowered their target price on Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. DA Davidson lowered their target price on Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their target price on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, StockNews.com lowered Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th.

Amkor Technology Price Performance

Shares of AMKR opened at $25.91 on Friday. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 17.51 and a beta of 1.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. Amkor Technology has a one year low of $24.10 and a one year high of $44.86. The stock’s fifty day moving average is $26.12 and its 200-day moving average is $30.22.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. Amkor Technology’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the business posted $0.54 earnings per share. Equities analysts anticipate that Amkor Technology will post 1.38 EPS for the current year.

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th were given a dividend of $0.0827 per share. The ex-dividend date was Wednesday, December 4th. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a yield of 1.28%. Amkor Technology’s dividend payout ratio (DPR) is presently 22.30%.

Institutional Investors Weigh In On Amkor Technology

A number of institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its position in Amkor Technology by 24,383.3% during the 3rd quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company’s stock worth $115,899,000 after acquiring an additional 3,772,095 shares during the period. State Street Corp boosted its position in Amkor Technology by 5.6% during the 3rd quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company’s stock worth $102,688,000 after acquiring an additional 176,528 shares during the period. Earnest Partners LLC boosted its position in Amkor Technology by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 2,423,255 shares of the semiconductor company’s stock worth $96,979,000 after acquiring an additional 75,364 shares during the period. Geode Capital Management LLC boosted its position in Amkor Technology by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock worth $64,101,000 after acquiring an additional 131,106 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Amkor Technology by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,878,912 shares of the semiconductor company’s stock valued at $57,495,000 after buying an additional 88,226 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

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.