Amkor Technology, Inc. (NASDAQ:AMKR) Receives $35.63 Consensus PT from Analysts

Amkor Technology, Inc. (NASDAQ:AMKR) has earned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $35.63.

A number of research analysts have commented on the company. KeyCorp decreased their price target on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. The Goldman Sachs Group lowered their target price on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. JPMorgan Chase & Co. cut their price target on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Morgan Stanley reduced their price target on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Finally, DA Davidson dropped their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, October 29th.

Amkor Technology Stock Up 1.4 %

Shares of NASDAQ:AMKR opened at $27.75 on Tuesday. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 18.75 and a beta of 1.85. Amkor Technology has a 12-month low of $22.90 and a 12-month high of $44.86. The business has a 50-day moving average price of $29.73 and a 200 day moving average price of $33.05. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. Amkor Technology’s revenue was up 2.2% on a year-over-year basis. Sell-side analysts expect that Amkor Technology will post 1.42 EPS for the current year.

Amkor Technology Dividend Announcement

The company also recently declared 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 1.14%. The ex-dividend date was Tuesday, September 3rd. Amkor Technology’s dividend payout ratio (DPR) is presently 20.95%.

Insider Activity

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were 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 approximately $6,458,636.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’s 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Winston J. Churchill sold 20,000 shares of the 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 transaction, the director now owns 19,871 shares in the company, valued at $655,146.87. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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 bought and sold shares of the stock. 1620 Investment Advisors Inc. purchased a new position in shares of Amkor Technology during the second quarter worth about $31,000. Ashton Thomas Private Wealth LLC purchased a new position in Amkor Technology during the 2nd quarter worth approximately $40,000. Larson Financial Group LLC increased its position in Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock worth $50,000 after buying an additional 1,130 shares during the period. Capital Performance Advisors LLP purchased a new stake in Amkor Technology in the third quarter valued at approximately $39,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Amkor Technology in the second quarter valued at approximately $52,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

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.