Amkor Technology’s (AMKR) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Amkor Technology (NASDAQ:AMKR) in a report released on Friday morning,Weiss Ratings reports.

AMKR has been the topic of a number of other research reports. Wall Street Zen upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. lifted their target price on shares of Amkor Technology from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. B. Riley lifted their target price on shares of Amkor Technology from $18.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. UBS Group lifted their target price on shares of Amkor Technology from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Finally, The Goldman Sachs Group lifted their target price on shares of Amkor Technology from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Amkor Technology has an average rating of “Hold” and an average target price of $27.11.

Amkor Technology Stock Performance

Amkor Technology stock opened at $32.77 on Friday. The firm’s fifty day moving average price is $27.58 and its 200-day moving average price is $22.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.70 and a current ratio of 1.89. The stock has a market cap of $8.10 billion, a P/E ratio of 26.64 and a beta of 1.98. Amkor Technology has a fifty-two week low of $14.03 and a fifty-two week high of $33.54.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. On average, equities research analysts expect that Amkor Technology will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd were paid a dividend of $0.0827 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.0%. Amkor Technology’s payout ratio is presently 26.83%.

Insider Activity

In related news, major shareholder Sujoda Management, Llc bought 441,589 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $21.85 per share, with a total value of $9,648,719.65. Following the purchase, the insider owned 3,789,479 shares of the company’s stock, valued at approximately $82,800,116.15. This trade represents a 13.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Farshad Haghighi sold 11,792 shares of Amkor Technology stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $25.00, for a total transaction of $294,800.00. Following the sale, the executive vice president directly owned 8,354 shares in the company, valued at $208,850. The trade was a 58.53% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,792 shares of company stock worth $1,255,900. 26.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amkor Technology

Several hedge funds have recently bought and sold shares of AMKR. Salomon & Ludwin LLC bought a new stake in Amkor Technology during the third quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Amkor Technology in the first quarter worth approximately $27,000. Hantz Financial Services Inc. lifted its stake in shares of Amkor Technology by 1,050.4% in the second quarter. Hantz Financial Services Inc. now owns 1,369 shares of the semiconductor company’s stock worth $29,000 after buying an additional 1,250 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Amkor Technology by 416.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company’s stock worth $34,000 after buying an additional 1,292 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Amkor Technology by 166.3% in the first quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company’s stock worth $38,000 after buying an additional 1,357 shares in the last quarter. Institutional investors 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.