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

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have received an average rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $34.33.

AMKR has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on Amkor Technology in a research report on Thursday, February 29th. They set a “neutral” rating and a $32.00 target price on the stock. Needham & Company LLC initiated coverage on Amkor Technology in a research report on Tuesday, April 9th. They set a “buy” rating and a $40.00 target price on the stock. Finally, Fox Advisors initiated coverage on Amkor Technology in a research report on Thursday, March 14th. They set an “equal weight” rating on the stock.

Amkor Technology Trading Down 3.8 %

Shares of AMKR opened at $28.97 on Friday. The stock’s 50-day moving average is $31.70 and its two-hundred day moving average is $29.29. The stock has a market cap of $7.12 billion, a PE ratio of 19.84 and a beta of 1.96. Amkor Technology has a 12 month low of $17.58 and a 12 month high of $37.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.31 and a quick ratio of 2.02.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Equities analysts forecast that Amkor Technology will post 1.63 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were issued a $0.079 dividend. This represents a $0.32 annualized dividend and a yield of 1.09%. The ex-dividend date was Monday, March 11th. Amkor Technology’s dividend payout ratio is currently 21.23%.

Insider Activity at Amkor Technology

In related news, CFO Megan Faust sold 2,700 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $30.34, for a total value of $81,918.00. Following the completion of the sale, the chief financial officer now directly owns 38,811 shares of the company’s stock, valued at $1,177,525.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Megan Faust sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $30.34, for a total transaction of $81,918.00. Following the completion of the transaction, the chief financial officer now directly owns 38,811 shares of the company’s stock, valued at $1,177,525.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $31.23, for a total value of $780,750.00. Following the transaction, the chief executive officer now directly owns 124,476 shares of the company’s stock, valued at $3,887,385.48. The disclosure for this sale can be found here. Insiders sold a total of 80,500 shares of company stock valued at $2,494,720 over the last three months. 53.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Amkor Technology

Several institutional investors have recently made changes to their positions in AMKR. Allworth Financial LP boosted its position in shares of Amkor Technology by 1,324.6% during the fourth quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock worth $27,000 after buying an additional 755 shares during the period. Pineridge Advisors LLC acquired a new position in shares of Amkor Technology during the fourth quarter worth approximately $28,000. Parkside Financial Bank & Trust boosted its position in shares of Amkor Technology by 1,414.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock worth $29,000 after buying an additional 806 shares during the period. Fifth Third Bancorp boosted its position in shares of Amkor Technology by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock worth $29,000 after buying an additional 347 shares during the period. Finally, West Tower Group LLC acquired a new position in shares of Amkor Technology during the fourth quarter worth approximately $31,000. 42.76% of the stock is 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.