Brokerages Set Amkor Technology, Inc. (NASDAQ:AMKR) PT at $31.50

Amkor Technology, Inc. (NASDAQ:AMKR) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $31.50.

A number of analysts recently issued reports on AMKR shares. Melius Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and set a $34.00 price target on shares of Amkor Technology in a research report on Tuesday, February 11th. B. Riley cut their price target on Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, Morgan Stanley lowered their price target on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th.

Insider Transactions at Amkor Technology

In related news, major shareholder Agnes C. Kim sold 869,565 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $21.85, for a total value of $18,999,995.25. Following the sale, the insider now owns 10,020,870 shares of the company’s stock, valued at approximately $218,956,009.50. This represents a 7.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the completion of the transaction, the executive vice president now directly owns 1,388 shares of the company’s stock, valued at approximately $30,105.72. This trade represents a 79.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 31.40% of the company’s stock.

Institutional Investors Weigh In On Amkor Technology

Hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Amkor Technology in the 4th quarter valued at $27,000. Jones Financial Companies Lllp boosted its stake in Amkor Technology by 353.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after buying an additional 1,160 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Amkor Technology in the 3rd quarter valued at about $39,000. Bessemer Group Inc. increased its stake in shares of Amkor Technology by 421.0% during the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 1,242 shares during the last quarter. Finally, Hurley Capital LLC purchased a new position in shares of Amkor Technology during the 4th quarter worth about $43,000. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Trading Up 1.0 %

Shares of Amkor Technology stock opened at $19.42 on Monday. Amkor Technology has a 1-year low of $19.01 and a 1-year high of $44.86. The company’s fifty day simple moving average is $23.60 and its 200-day simple moving average is $26.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The stock has a market capitalization of $4.79 billion, a PE ratio of 13.58 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data 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 5.60% and a return on equity of 8.59%. As a group, equities analysts anticipate that Amkor Technology will post 1.47 earnings per share for the current year.

Amkor Technology Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be given a dividend of $0.0827 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.70%. Amkor Technology’s payout ratio is 23.08%.

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.