Amkor Technology, Inc. (NASDAQ:AMKR) Receives $26.50 Consensus Target Price from Analysts

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $26.50.

A number of equities analysts have recently issued reports on AMKR shares. KeyCorp reiterated a “sector weight” rating on shares of Amkor Technology in a research note on Thursday, April 17th. B. Riley cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 21st. JPMorgan Chase & Co. reduced their price target on Amkor Technology from $30.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, April 29th. DA Davidson decreased their price objective on Amkor Technology from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Finally, Morgan Stanley cut their target price on Amkor Technology from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th.

Amkor Technology Price Performance

AMKR opened at $21.64 on Friday. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 16.91 and a beta of 1.85. The company has a current ratio of 2.06, a quick ratio of 1.83 and a debt-to-equity ratio of 0.22. Amkor Technology has a 12-month low of $14.03 and a 12-month high of $42.12. The business’s fifty day simple moving average is $20.19 and its 200-day simple moving average is $20.66.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Amkor Technology had a net margin of 5.04% and a return on equity of 7.60%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS. On average, equities research analysts anticipate that Amkor Technology will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 5th were given a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, June 5th. Amkor Technology’s dividend payout ratio is currently 25.78%.

Institutional Investors Weigh In On Amkor Technology

Several institutional investors have recently added to or reduced their stakes in AMKR. Jones Financial Companies Lllp raised its holdings in shares of Amkor Technology by 353.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after buying an additional 1,160 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Amkor Technology in the 4th quarter valued at $310,000. Raymond James Financial Inc. purchased a new position in Amkor Technology in the 4th quarter worth $5,666,000. Swiss National Bank lifted its position in Amkor Technology by 0.8% during the 4th quarter. Swiss National Bank now owns 218,100 shares of the semiconductor company’s stock worth $5,603,000 after acquiring an additional 1,800 shares during the period. Finally, Royce & Associates LP grew its stake in Amkor Technology by 8.6% during the 4th quarter. Royce & Associates LP now owns 426,548 shares of the semiconductor company’s stock valued at $10,958,000 after purchasing an additional 33,798 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

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.