Amkor Technology, Inc. (NASDAQ:AMKR) Receives $62.75 Average Price Target from Analysts

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have been given an average rating of “Hold” by the eleven research firms that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $62.75.

A number of brokerages have commented on AMKR. Zacks Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. increased their price target on shares of Amkor Technology from $32.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Needham & Company LLC increased their price target on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. UBS Group set a $43.00 price target on shares of Amkor Technology in a research note on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research note on Monday, April 20th.

Amkor Technology Stock Performance

Shares of AMKR stock opened at $70.35 on Friday. The company’s fifty day simple moving average is $57.75 and its 200-day simple moving average is $48.18. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The firm has a market cap of $17.44 billion, a PE ratio of 40.20 and a beta of 2.29. Amkor Technology has a 12 month low of $17.79 and a 12 month high of $79.23.

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

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd will be paid a $0.0835 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. Amkor Technology’s dividend payout ratio (DPR) is currently 18.86%.

Insider Transactions at Amkor Technology

In other Amkor Technology news, Director Roger Anthony Carolin sold 20,000 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $76.24, for a total value of $1,524,800.00. Following the completion of the sale, the director owned 94,409 shares in the company, valued at $7,197,742.16. This trade represents a 17.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $74.28, for a total transaction of $3,714,000.00. Following the completion of the transaction, the director directly owned 502,558 shares in the company, valued at $37,330,008.24. The trade was a 9.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 139,500 shares of company stock valued at $9,421,575. 26.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amkor Technology

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Amkor Technology by 4.6% in the third quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company’s stock valued at $448,148,000 after purchasing an additional 687,900 shares during the period. AQR Capital Management LLC raised its position in shares of Amkor Technology by 18.4% in the third quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock valued at $119,607,000 after purchasing an additional 653,489 shares during the period. American Century Companies Inc. raised its position in shares of Amkor Technology by 0.5% in the third quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company’s stock valued at $108,942,000 after purchasing an additional 17,656 shares during the period. State Street Corp raised its position in shares of Amkor Technology by 1.4% in the fourth quarter. State Street Corp now owns 3,473,925 shares of the semiconductor company’s stock valued at $137,151,000 after purchasing an additional 47,514 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Amkor Technology by 37.4% in the fourth quarter. First Trust Advisors LP now owns 2,722,310 shares of the semiconductor company’s stock valued at $107,477,000 after purchasing an additional 740,701 shares during the period. 42.76% of the stock is owned by institutional investors.

Amkor Technology Company Profile

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.