Amkor Technology (NASDAQ:AMKR) Trading Up 4.5% – Should You Buy?

Amkor Technology, Inc. (NASDAQ:AMKR) traded up 4.5% on Wednesday . The company traded as high as $68.93 and last traded at $68.49. 3,032,518 shares traded hands during trading, a decline of 33% from the average session volume of 4,515,852 shares. The stock had previously closed at $65.54.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Needham & Company LLC raised their price objective on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. The Goldman Sachs Group raised their price target on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. UBS Group set a $43.00 price target on Amkor Technology in a research report on Tuesday, February 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a research report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.75.

Amkor Technology Trading Up 4.5%

The firm has a market capitalization of $16.98 billion, a P/E ratio of 39.14 and a beta of 2.29. The firm has a 50-day moving average of $58.66 and a 200-day moving average of $48.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The business’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS. On average, equities research analysts anticipate that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd will be given a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is currently 18.86%.

Insider Transactions at Amkor Technology

In related news, CFO Megan Faust sold 1,000 shares of Amkor Technology stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $64.60, for a total transaction of $64,600.00. Following the sale, the chief financial officer directly owned 133,138 shares in the company, valued at $8,600,714.80. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of Amkor Technology stock in a transaction on Friday, May 8th. The shares were sold at an average price of $74.28, for a total value of $3,714,000.00. Following the transaction, the director owned 502,558 shares of the company’s stock, valued at $37,330,008.24. The trade was a 9.05% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 145,500 shares of company stock worth $9,844,325. Corporate insiders own 26.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its stake in shares of Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 440 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Amkor Technology by 72.1% in the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 391 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 262 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new position in shares of Amkor Technology in the first quarter worth $45,000. Hedge funds and other 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.