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

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $40.43.

Several research analysts have recently commented on the company. B. Riley lifted their target price on Amkor Technology from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. DA Davidson lifted their target price on Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Morgan Stanley lifted their target price on Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday. The Goldman Sachs Group lifted their target price on Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Amkor Technology in a research report on Tuesday, April 30th.

Amkor Technology Price Performance

AMKR stock opened at $40.22 on Wednesday. The company has a quick ratio of 2.08, a current ratio of 2.34 and a debt-to-equity ratio of 0.26. Amkor Technology has a 52-week low of $17.58 and a 52-week high of $41.86. The stock’s 50 day moving average is $34.25 and its two-hundred day moving average is $32.65. The company has a market capitalization of $9.89 billion, a PE ratio of 26.46 and a beta of 1.86.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.13. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business earned $0.18 EPS. Amkor Technology’s revenue for the quarter was down 7.2% compared to the same quarter last year. Analysts predict that Amkor Technology will post 1.78 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Tuesday, June 4th were given 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 0.79%. Amkor Technology’s dividend payout ratio is currently 20.39%.

Insider Activity at Amkor Technology

In other Amkor Technology news, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $31.30, for a total transaction of $156,500.00. Following the completion of the transaction, the executive vice president now owns 25,280 shares in the company, valued at approximately $791,264. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $33.37, for a total transaction of $834,250.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $31.30, for a total value of $156,500.00. Following the transaction, the executive vice president now owns 25,280 shares of the company’s stock, valued at approximately $791,264. The disclosure for this sale can be found here. Insiders sold 75,000 shares of company stock worth $2,414,000 in the last 90 days. 31.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB raised its stake in shares of Amkor Technology by 9.2% in the 4th quarter. Handelsbanken Fonder AB now owns 18,976 shares of the semiconductor company’s stock worth $631,000 after buying an additional 1,600 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Amkor Technology by 4.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,410,504 shares of the semiconductor company’s stock worth $46,927,000 after buying an additional 63,104 shares in the last quarter. Readystate Asset Management LP bought a new stake in shares of Amkor Technology in the 4th quarter worth $4,694,000. Dynamic Technology Lab Private Ltd raised its stake in shares of Amkor Technology by 169.6% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 69,543 shares of the semiconductor company’s stock worth $2,313,000 after buying an additional 43,745 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Amkor Technology during the third quarter worth $1,142,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

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.