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

Amkor Technology, Inc. (NASDAQ:AMKR) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $31.50.

Several analysts have weighed in on the company. Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. B. Riley reduced their price objective on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday. KeyCorp decreased their target price on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Melius downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating and dropped their price target for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price objective on shares of Amkor Technology in a report on Tuesday.

Amkor Technology Stock Up 1.2 %

AMKR stock opened at $21.84 on Thursday. The stock has a market cap of $5.39 billion, a PE ratio of 14.76 and a beta of 1.81. The firm’s 50-day simple moving average is $25.53 and its 200 day simple moving average is $28.15. Amkor Technology has a fifty-two week low of $21.46 and a fifty-two week high of $44.86. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. As a group, sell-side analysts predict that Amkor Technology will post 1.38 EPS for the current year.

Institutional Trading of Amkor Technology

Large investors have recently added to or reduced their stakes in the business. Neo Ivy Capital Management acquired a new stake in shares of Amkor Technology during the 3rd quarter valued at $930,000. Valley Wealth Managers Inc. raised its position in shares of Amkor Technology by 115.1% during the third quarter. Valley Wealth Managers Inc. now owns 730,701 shares of the semiconductor company’s stock worth $22,359,000 after purchasing an additional 391,002 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Amkor Technology by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock valued at $64,101,000 after purchasing an additional 131,106 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Amkor Technology by 212.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock valued at $41,647,000 after purchasing an additional 925,644 shares during the period. Finally, General American Investors Co. Inc. purchased a new position in Amkor Technology in the 3rd quarter worth about $3,060,000. 42.76% 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, 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.