Amkor Technology, Inc. (NASDAQ:AMKR) Receives $40.75 Average Price Target from Brokerages

Amkor Technology, Inc. (NASDAQ:AMKR) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $40.75.

AMKR has been the topic of a number of analyst reports. StockNews.com downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Needham & Company LLC lifted their price objective on shares of Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Morgan Stanley lifted their price objective on shares of Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 2nd. KeyCorp initiated coverage on shares of Amkor Technology in a report on Friday, September 20th. They set an “overweight” rating and a $38.00 price objective on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Amkor Technology in a report on Monday, July 1st. They set an “overweight” rating and a $48.00 price objective on the stock.

Amkor Technology Stock Up 2.3 %

NASDAQ:AMKR opened at $30.92 on Friday. The company has a market cap of $7.60 billion, a PE ratio of 20.34 and a beta of 1.84. Amkor Technology has a one year low of $17.58 and a one year high of $44.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.08 and a quick ratio of 1.83. The firm’s 50 day simple moving average is $30.90 and its 200 day simple moving average is $33.43.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results 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. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 EPS. On average, research analysts anticipate that Amkor Technology will post 1.55 earnings per share for the current year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.079 per share. 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 (DPR) is presently 20.39%.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the sale, the director now directly owns 19,871 shares of the company’s stock, valued at $655,146.87. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 31.40% of the company’s stock.

Institutional Investors Weigh In On Amkor Technology

Several hedge funds and other institutional investors have recently modified their holdings of AMKR. Pineridge Advisors LLC bought a new stake in shares of Amkor Technology during the fourth quarter valued at about $28,000. 1620 Investment Advisors Inc. bought a new stake in shares of Amkor Technology during the second quarter valued at about $31,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Amkor Technology during the second quarter valued at about $40,000. Headlands Technologies LLC bought a new stake in shares of Amkor Technology during the first quarter valued at about $43,000. Finally, Larson Financial Group LLC increased its position in shares of Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 1,130 shares during the period. 42.76% of the stock is currently owned by institutional investors.

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.