Amkor Technology, Inc. (NASDAQ:AMKR) Receives Average Rating of “Buy” from Analysts

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Amkor Technology, Inc. (NASDAQ:AMKR) has received an average rating of “Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.67.

A number of research firms recently commented on AMKR. TheStreet raised shares of Amkor Technology from a “c+” rating to a “b-” rating in a report on Tuesday, October 29th. Deutsche Bank boosted their price objective on shares of Amkor Technology from $8.00 to $12.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. ValuEngine downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Tuesday, October 22nd. Finally, BidaskClub raised shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 5th.

AMKR stock traded down $0.31 during trading on Wednesday, reaching $11.78. 1,188,463 shares of the company were exchanged, compared to its average volume of 980,337. The company has a market cap of $2.90 billion, a P/E ratio of 22.24 and a beta of 1.99. Amkor Technology has a 52-week low of $5.74 and a 52-week high of $15.24. The stock’s 50 day moving average price is $11.79 and its 200 day moving average price is $9.02. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.68.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.15. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.03 billion. Amkor Technology had a net margin of 1.26% and a return on equity of 3.51%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 earnings per share. As a group, equities research analysts forecast that Amkor Technology will post 0.4 EPS for the current year.

In other Amkor Technology news, Director Roger Anthony Carolin sold 12,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $12.77, for a total value of $153,240.00. Following the sale, the director now owns 30,383 shares of the company’s stock, valued at $387,990.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Charles Stone sold 37,352 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $13.44, for a total transaction of $502,010.88. Following the completion of the sale, the executive vice president now directly owns 62,368 shares in the company, valued at approximately $838,225.92. The disclosure for this sale can be found here. Insiders sold 129,752 shares of company stock worth $1,669,383 in the last ninety days. Insiders own 59.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Metropolitan Life Insurance Co NY raised its position in shares of Amkor Technology by 5.4% in the third quarter. Metropolitan Life Insurance Co NY now owns 30,887 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 1,589 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Amkor Technology by 1.2% in the third quarter. California State Teachers Retirement System now owns 153,065 shares of the semiconductor company’s stock valued at $1,393,000 after buying an additional 1,828 shares during the last quarter. Knuff & Co LLC acquired a new position in shares of Amkor Technology in the third quarter valued at approximately $27,000. Holocene Advisors LP raised its position in shares of Amkor Technology by 10.2% in the second quarter. Holocene Advisors LP now owns 37,353 shares of the semiconductor company’s stock valued at $279,000 after buying an additional 3,466 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Amkor Technology by 2.1% in the second quarter. Swiss National Bank now owns 200,600 shares of the semiconductor company’s stock valued at $1,496,000 after buying an additional 4,100 shares during the last quarter. 36.77% of the stock is currently owned by institutional investors.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.

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