Amkor Technology (NASDAQ:AMKR) PT Raised to $45.00

Amkor Technology (NASDAQ:AMKR) had its price objective raised by Needham & Company LLC from $40.00 to $45.00 in a report published on Tuesday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently weighed in on the stock. B. Riley lifted their price target on shares of Amkor Technology from $45.00 to $50.00 and gave the company a buy rating in a research report on Thursday, June 20th. JPMorgan Chase & Co. started coverage on shares of Amkor Technology in a report on Monday, July 1st. They issued an overweight rating and a $48.00 target price for the company. DA Davidson upped their price target on Amkor Technology from $35.00 to $40.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. The Goldman Sachs Group lifted their price objective on Amkor Technology from $32.00 to $36.00 and gave the company a neutral rating in a research note on Wednesday, May 1st. Finally, Morgan Stanley increased their target price on Amkor Technology from $34.00 to $38.00 and gave the stock an equal weight rating in a research note on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $41.14.

Amkor Technology Trading Down 4.6 %

AMKR opened at $28.63 on Tuesday. The business’s 50 day moving average price is $37.37 and its 200 day moving average price is $33.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market capitalization of $7.05 billion, a PE ratio of 18.84 and a beta of 1.86. Amkor Technology has a one year low of $17.58 and a one year high of $44.86.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 EPS. As a group, equities research analysts expect that Amkor Technology will post 1.53 EPS for the current year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Tuesday, June 4th were paid a $0.079 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Tuesday, June 4th. Amkor Technology’s payout ratio is presently 20.39%.

Insider Transactions at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $42.94, for a total value of $1,073,500.00. Following the sale, the chief executive officer now directly owns 128,333 shares of the company’s stock, valued at approximately $5,510,619.02. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 31.40% of the company’s stock.

Institutional Trading of Amkor Technology

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in shares of Amkor Technology by 1,324.6% in the 4th quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 755 shares in the last quarter. Pineridge Advisors LLC purchased a new stake in Amkor Technology in the fourth quarter valued at $28,000. Fifth Third Bancorp boosted its stake in 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 acquiring an additional 347 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Amkor Technology by 1,414.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 806 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Amkor Technology during the second quarter worth about $31,000. 42.76% of the stock is 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.