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

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $41.14.

A number of research analysts have commented on the company. Needham & Company LLC upped their price target on Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. B. Riley raised their target price on Amkor Technology from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Morgan Stanley boosted their price target on shares of Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. assumed coverage on shares of Amkor Technology in a research note on Monday, July 1st. They issued an “overweight” rating and a $48.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on shares of Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st.

Insider Activity at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $42.94, for a total transaction of $1,073,500.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 31.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Amkor Technology

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP raised its stake in Amkor Technology by 1,324.6% during the 4th quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 755 shares in the last quarter. Pineridge Advisors LLC purchased a new stake in shares of Amkor Technology in the 4th quarter valued at about $28,000. Fifth Third Bancorp boosted its position in shares of Amkor Technology by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 347 shares during the period. Parkside Financial Bank & Trust grew 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 last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in Amkor Technology during the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Trading Down 4.6 %

Shares of Amkor Technology stock opened at $28.63 on Friday. Amkor Technology has a fifty-two week low of $17.58 and a fifty-two week high of $44.86. 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 firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 18.84 and a beta of 1.86. The stock has a 50 day moving average of $37.37 and a 200 day moving average of $33.76.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the company earned $0.26 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts predict that Amkor Technology will post 1.53 earnings per share for the current year.

Amkor Technology Announces Dividend

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

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.