Amkor Technology, Inc. (NASDAQ:AMKR) Given Average Recommendation of “Hold” by Analysts

Amkor Technology, Inc. (NASDAQ:AMKR) has been given an average rating of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $62.75.

AMKR has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Zacks Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. UBS Group set a $43.00 target price on shares of Amkor Technology in a research note on Tuesday, February 10th. JPMorgan Chase & Co. raised their target price on shares of Amkor Technology from $32.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Finally, B. Riley Financial raised their target price on shares of Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th.

Amkor Technology Price Performance

NASDAQ AMKR opened at $76.61 on Friday. Amkor Technology has a 12 month low of $17.79 and a 12 month high of $79.23. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 43.78 and a beta of 2.29. The company’s 50 day moving average is $54.59 and its two-hundred day moving average is $46.52. 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 (NASDAQ:AMKR) last released its earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the business earned $0.09 EPS. The firm’s revenue was up 27.5% compared to the same quarter last year. As a group, research analysts anticipate that Amkor Technology will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were given a dividend of $0.0835 per share. The ex-dividend date was Thursday, March 12th. This represents a $0.33 annualized dividend and a dividend yield of 0.4%. Amkor Technology’s dividend payout ratio (DPR) is presently 18.86%.

Insider Activity

In other news, Director Winston J. Churchill sold 7,000 shares of Amkor Technology stock in a transaction that occurred on Tuesday, May 5th. The shares were 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 $1,443,987.60. This trade represents a 27.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $59.43, for a total transaction of $297,150.00. Following the sale, the executive vice president owned 38,904 shares in the company, valued at approximately $2,312,064.72. The trade was a 11.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 74,500 shares of company stock valued at $4,548,075. Company insiders own 26.40% of the company’s stock.

Institutional Investors Weigh In On Amkor Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its position in shares of Amkor Technology by 29.5% during the first quarter. PNC Financial Services Group Inc. now owns 7,726 shares of the semiconductor company’s stock valued at $348,000 after buying an additional 1,758 shares during the last quarter. Convergence Investment Partners LLC bought a new stake in shares of Amkor Technology during the first quarter valued at approximately $2,801,000. Hollencrest Capital Management bought a new stake in shares of Amkor Technology during the first quarter valued at approximately $45,000. Meeder Asset Management Inc. raised its position in shares of Amkor Technology by 62.5% during the first quarter. Meeder Asset Management Inc. now owns 30,139 shares of the semiconductor company’s stock valued at $1,357,000 after buying an additional 11,589 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Amkor Technology by 23.7% during the first quarter. Parallel Advisors LLC now owns 7,348 shares of the semiconductor company’s stock valued at $331,000 after buying an additional 1,410 shares during the last quarter. Institutional investors 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.