Amkor Technology (NASDAQ:AMKR) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Amkor Technology (NASDAQ:AMKR) in a research report sent to investors on Monday morning, Marketbeat reports. The firm issued an overweight rating and a $48.00 target price on the semiconductor company’s stock.

Several other research analysts also recently commented on the company. Fox Advisors began coverage on Amkor Technology in a research note on Thursday, March 14th. They issued an equal weight rating for the company. Morgan Stanley raised their price target on shares of Amkor Technology from $32.00 to $34.00 and gave the stock an equal weight rating in a research note on Tuesday, April 30th. Needham & Company LLC reaffirmed a buy rating and set a $40.00 price objective on shares of Amkor Technology in a research note on Tuesday, April 30th. DA Davidson increased their price objective on shares of Amkor Technology from $35.00 to $40.00 and gave the company a buy rating in a report on Tuesday, April 30th. Finally, The Goldman Sachs Group boosted their target price on Amkor Technology from $32.00 to $36.00 and gave the stock a neutral rating in a report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $40.43.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $40.30 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.08 and a current ratio of 2.34. The firm has a fifty day moving average of $34.66 and a 200 day moving average of $32.75. The firm has a market cap of $9.91 billion, a PE ratio of 26.51 and a beta of 1.86. Amkor Technology has a one year low of $17.58 and a one year high of $41.86.

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

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Tuesday, June 4th were given a $0.079 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.32 annualized dividend and a yield of 0.78%. Amkor Technology’s payout ratio is 20.39%.

Insiders Place Their Bets

In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $33.37, for a total value of $834,250.00. Following the transaction, the chief executive officer now owns 104,476 shares of the company’s stock, valued at approximately $3,486,364.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were 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 of the company’s stock, valued at approximately $791,264. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $33.37, for a total value of $834,250.00. Following the completion of the sale, the chief executive officer now directly owns 104,476 shares in the company, valued at approximately $3,486,364.12. The disclosure for this sale can be found here. Insiders sold a total of 75,000 shares of company stock valued at $2,414,000 over the last quarter. 31.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP boosted its holdings in Amkor Technology by 1,324.6% during the 4th quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 755 shares during the period. Pineridge Advisors LLC acquired a new position in shares of Amkor Technology in the fourth quarter valued at approximately $28,000. Fifth Third Bancorp grew its holdings in shares of Amkor Technology by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 347 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Amkor Technology by 1,414.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock worth $29,000 after buying an additional 806 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Amkor Technology during the 1st quarter worth approximately $43,000. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Company Profile

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.