Amkor Technology (NASDAQ:AMKR) Price Target Lowered to $32.00 at B. Riley

Amkor Technology (NASDAQ:AMKR) had its target price lowered by B. Riley from $38.00 to $32.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

AMKR has been the subject of several other reports. JPMorgan Chase & Co. dropped 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. Needham & Company LLC restated a “buy” rating and set a $34.00 price objective on shares of Amkor Technology in a research report on Tuesday. Morgan Stanley decreased their target price 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. Melius downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating and cut their price target for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Finally, Melius Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.50.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $21.59 on Tuesday. The firm has a 50-day simple moving average of $25.62 and a 200-day simple moving average of $28.20. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 14.59 and a beta of 1.81. Amkor Technology has a 52 week low of $21.59 and a 52 week high of $44.86.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. On average, equities analysts predict that Amkor Technology will post 1.38 earnings per share for the current fiscal year.

Institutional Trading of Amkor Technology

Hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in Amkor Technology during the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Amkor Technology in the third quarter worth $39,000. Jones Financial Companies Lllp increased its position in shares of Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 1,160 shares during the period. Larson Financial Group LLC boosted its holdings in Amkor Technology by 46.3% in the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 580 shares during the period. Finally, Ulland Investment Advisors LLC acquired a new position in Amkor Technology during the 3rd quarter worth $82,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

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.