Amkor Technology, Inc. (NASDAQ:AMKR) Given Consensus Recommendation of “Hold” by Brokerages

Amkor Technology, Inc. (NASDAQ:AMKR) has been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $69.8750.

Several analysts have issued reports on AMKR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a report on Monday, April 20th. Morgan Stanley lifted their price objective on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Needham & Company LLC upped their target price on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group increased their target price on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Monday, April 6th.

Amkor Technology Price Performance

Amkor Technology stock opened at $69.65 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The firm has a market capitalization of $17.26 billion, a price-to-earnings ratio of 39.80 and a beta of 2.20. Amkor Technology has a fifty-two week low of $20.59 and a fifty-two week high of $96.68. The stock’s fifty day moving average is $75.51 and its two-hundred day moving average is $57.92.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.10. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company posted $0.09 EPS. The business’s revenue was up 27.5% on a year-over-year basis. Analysts predict that Amkor Technology will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were paid a $0.0835 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.33 annualized dividend and a yield of 0.5%. Amkor Technology’s payout ratio is presently 18.86%.

Insider Buying and Selling

In other Amkor Technology news, Director Roger Anthony Carolin sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.24, for a total transaction of $1,524,800.00. Following the sale, the director directly owned 94,409 shares of the company’s stock, valued at $7,197,742.16. This trade represents a 17.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Winston J. Churchill sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $76.45, for a total transaction of $535,150.00. Following the completion of the transaction, the director directly owned 18,888 shares of the company’s stock, valued at approximately $1,443,987.60. This represents a 27.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 119,000 shares of company stock worth $8,928,600 in the last 90 days. 26.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amkor Technology

Several institutional investors have recently added to or reduced their stakes in AMKR. IFP Advisors Inc increased its stake in shares of Amkor Technology by 91.2% during the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 447 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 440 shares during the period. Root Financial Partners LLC grew its holdings in Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 262 shares during the period. Advisors Asset Management Inc. increased its position in Amkor Technology by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 854 shares during the last quarter. Finally, FNY Investment Advisers LLC raised its stake in Amkor Technology by 83.5% during the third quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 670 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.