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

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $40.75.

A number of analysts have recently commented on AMKR shares. JPMorgan Chase & Co. started coverage on Amkor Technology in a research report on Monday, July 1st. They issued an “overweight” rating and a $48.00 price target on the stock. StockNews.com raised Amkor Technology from a “hold” rating to a “buy” rating in a research note on Tuesday. KeyCorp started coverage on Amkor Technology in a research report on Friday, September 20th. They issued an “overweight” rating and a $38.00 price target for the company. Needham & Company LLC increased their price objective on shares of Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, B. Riley raised their price objective on shares of Amkor Technology from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 20th.

Amkor Technology Price Performance

Shares of AMKR stock opened at $30.95 on Friday. The business’s fifty day moving average is $31.04 and its 200 day moving average is $33.37. The company has a quick ratio of 1.83, a current ratio of 2.08 and a debt-to-equity ratio of 0.23. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 20.36 and a beta of 1.84. Amkor Technology has a twelve month low of $17.58 and a twelve month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm earned $0.26 EPS. The company’s revenue was up .2% compared to the same quarter last year. Research analysts expect that Amkor Technology will post 1.55 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd were issued a $0.079 dividend. This represents a $0.32 annualized dividend and a yield of 1.02%. The ex-dividend date was Tuesday, September 3rd. Amkor Technology’s dividend payout ratio is currently 20.39%.

Insiders Place Their Bets

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the transaction, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at $6,458,636.21. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the completion of the sale, the director now directly owns 19,871 shares of the company’s stock, valued at approximately $655,146.87. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the transaction, the chief executive officer now owns 204,971 shares in the company, valued at $6,458,636.21. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amkor Technology

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Driehaus Capital Management LLC bought a new stake in Amkor Technology during the second quarter valued at about $58,379,000. Millennium Management LLC grew its stake in shares of Amkor Technology by 359.7% during the 2nd quarter. Millennium Management LLC now owns 1,360,292 shares of the semiconductor company’s stock valued at $54,439,000 after acquiring an additional 1,064,404 shares during the period. Vanguard Group Inc. increased its holdings in Amkor Technology by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 14,756,992 shares of the semiconductor company’s stock worth $490,965,000 after acquiring an additional 959,838 shares in the last quarter. American Century Companies Inc. raised its stake in Amkor Technology by 54.4% during the 2nd quarter. American Century Companies Inc. now owns 1,673,314 shares of the semiconductor company’s stock worth $66,966,000 after acquiring an additional 589,530 shares during the period. Finally, M&G Plc purchased a new position in Amkor Technology during the first quarter valued at approximately $11,435,000. 42.76% of the stock is currently owned by hedge funds and other 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.