Amkor Technology, Inc. (NASDAQ:AMKR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $33.20.

A number of analysts have recently commented on AMKR shares. B. Riley boosted their target price on shares of Amkor Technology from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. StockNews.com upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a report on Monday, December 4th. The Goldman Sachs Group started coverage on shares of Amkor Technology in a report on Thursday, February 29th. They set a “neutral” rating and a $32.00 target price on the stock. Finally, Fox Advisors started coverage on shares of Amkor Technology in a report on Thursday, March 14th. They set an “equal weight” rating on the stock.

Insider Activity

In related news, CFO Megan Faust sold 2,700 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were 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 approximately $1,177,525.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $30.34, for a total transaction of $81,918.00. Following the sale, the chief financial officer now owns 38,811 shares in the company, valued at approximately $1,177,525.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total transaction of $765,750.00. Following the sale, the chief executive officer now owns 123,728 shares in the company, valued at approximately $3,789,788.64. The disclosure for this sale can be found here. Insiders sold 58,200 shares of company stock valued at $1,801,870 in the last quarter. 53.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP boosted its stake in 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 purchased a new position in Amkor Technology during the fourth quarter worth $28,000. Fifth Third Bancorp boosted its stake in 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. Parkside Financial Bank & Trust lifted 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 purchasing an additional 806 shares during the last quarter. Finally, West Tower Group LLC bought a new stake in shares of Amkor Technology during the fourth quarter worth $31,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Stock Down 1.5 %

Shares of NASDAQ AMKR opened at $32.24 on Monday. The company has a quick ratio of 2.02, a current ratio of 2.31 and a debt-to-equity ratio of 0.27. Amkor Technology has a 52 week low of $17.58 and a 52 week high of $37.00. The firm’s fifty day moving average is $31.90 and its 200 day moving average is $28.42. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 22.08 and a beta of 1.96.

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

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th will be given a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, March 11th. Amkor Technology’s payout ratio is currently 21.23%.

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.