Amkor Technology (NASDAQ:AMKR) Price Target Lowered to $32.00 at B. Riley

Amkor Technology (NASDAQ:AMKR) had its price objective dropped by stock analysts at B. Riley from $38.00 to $32.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price target would indicate a potential upside of 44.95% from the stock’s current price.

Other equities analysts have also issued reports about the company. Needham & Company LLC reissued a “buy” rating and set a $34.00 price target on shares of Amkor Technology in a research note on Tuesday. Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $34.00 to $30.00 in a research note on Monday, January 6th. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Morgan Stanley reduced their price objective on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $31.50.

Amkor Technology Price Performance

NASDAQ AMKR opened at $22.08 on Tuesday. The company’s 50 day moving average is $25.73 and its two-hundred day moving average is $28.31. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 15.16 and a beta of 1.81. Amkor Technology has a 12 month low of $22.28 and a 12 month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. As a group, research analysts anticipate that Amkor Technology will post 1.38 earnings per share for the current year.

Institutional Investors Weigh In On Amkor Technology

A number of institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new position in Amkor Technology during the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp raised its position in shares of Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 1,160 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Amkor Technology during the 3rd quarter worth approximately $39,000. Larson Financial Group LLC raised its stake in Amkor Technology by 46.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 580 shares during the last quarter. Finally, Ulland Investment Advisors LLC acquired a new stake in Amkor Technology during the 3rd quarter worth $82,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

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.