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

Amkor Technology, Inc. (NASDAQ:AMKR) has been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $34.33.

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

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total value of $765,750.00. Following the completion of the sale, the chief executive officer now directly owns 123,728 shares in the company, valued at approximately $3,789,788.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the firm’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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total value of $765,750.00. Following the completion of the transaction, the chief executive officer now directly owns 123,728 shares in the company, valued at $3,789,788.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,500 shares of company stock worth $2,494,720. 53.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AMKR. CWM LLC boosted its position in Amkor Technology by 81.1% in the third quarter. CWM LLC now owns 3,661 shares of the semiconductor company’s stock worth $83,000 after purchasing an additional 1,640 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Amkor Technology during the 3rd quarter valued at about $703,000. Atlas Brown Inc. lifted its position in shares of Amkor Technology by 10.9% during the 3rd quarter. Atlas Brown Inc. now owns 10,200 shares of the semiconductor company’s stock valued at $231,000 after buying an additional 1,000 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Amkor Technology by 12.4% during the 3rd quarter. GHP Investment Advisors Inc. now owns 80,852 shares of the semiconductor company’s stock valued at $1,842,000 after buying an additional 8,935 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of Amkor Technology by 77.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 11,176 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 4,891 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $29.46 on Friday. Amkor Technology has a 1-year low of $17.58 and a 1-year 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. The business has a fifty day moving average price of $31.58 and a 200-day moving average price of $29.53. The company has a market capitalization of $7.24 billion, a PE ratio of 20.18 and a beta of 1.96.

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

Amkor Technology Dividend Announcement

The firm 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. The ex-dividend date was Monday, March 11th. This represents a $0.32 annualized dividend and a yield of 1.07%. Amkor Technology’s payout ratio is 21.23%.

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.