Amkor Technology, Inc. (NASDAQ:AMKR) Stock Has Consensus Target Price of $62.50 According to Analysts

Amkor Technology, Inc. (NASDAQ:AMKR) has been assigned an average rating of “Hold” from the eleven analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $62.50.

A number of research analysts have recently commented on the stock. The Goldman Sachs Group set a $56.00 price objective on shares of Amkor Technology in a research report on Tuesday. UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and upped their target price for the company from $80.00 to $90.00 in a report on Friday, July 24th. Needham & Company LLC cut their target price on shares of Amkor Technology from $90.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday. Zacks Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Finally, Wall Street Zen downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Saturday.

Amkor Technology Price Performance

Shares of AMKR stock opened at $39.50 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.48. Amkor Technology has a 12-month low of $29.76 and a 12-month high of $96.68. The firm has a fifty day moving average of $47.97 and a 200-day moving average of $57.07. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 0.52 and a beta of 2.21.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, October 26th. The semiconductor company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). Amkor Technology had a return on equity of 13.32% and a net margin of 8.30%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the business posted $0.51 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts forecast that Amkor Technology will post 2.50 earnings per share for the current year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd were paid a dividend of $0.0835 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.8%. Amkor Technology’s dividend payout ratio (DPR) is 13.31%.

Insider Transactions at Amkor Technology

In related news, Director Giel Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the completion of the sale, the director directly owned 486,732 shares of the company’s stock, valued at approximately $26,940,616.20. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark Rogers sold 5,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $59.78, for a total transaction of $298,900.00. Following the completion of the transaction, the executive vice president owned 38,904 shares in the company, valued at $2,325,681.12. This trade represents a 11.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 43,000 shares of company stock valued at $2,387,120. 26.40% of the stock is currently owned by company insiders.

Institutional Trading of Amkor Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Amkor Technology in the 2nd quarter valued at $1,060,005,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Amkor Technology during the second quarter worth $152,110,000. Bank of New York Mellon Corp bought a new position in Amkor Technology during the second quarter worth $90,656,000. Bank of Nova Scotia bought a new position in Amkor Technology during the second quarter worth $58,273,000. Finally, Principal Financial Group Inc. lifted its holdings in Amkor Technology by 19.3% in the first quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company’s stock valued at $118,107,000 after buying an additional 423,629 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

About Amkor Technology

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The company helps semiconductor manufacturers and electronics companies assemble, package and test integrated circuits before they are incorporated into finished electronic products.

Amkor’s services include wafer bumping, wafer-level packaging, flip-chip packaging, system-in-package solutions, fan-out packaging, leadframe and laminate-based packaging, and semiconductor testing. Its products and services support applications including mobile and consumer electronics, communications, automotive, computing, industrial equipment, and memory devices.

Founded in 1968, Amkor has grown into a global semiconductor supply-chain partner with manufacturing and testing operations across regions including Asia, Europe and the United States.