Amkor Technology (NASDAQ:AMKR) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Amkor Technology (NASDAQ:AMKR – Get Rating) in a report released on Thursday. The firm set a “hold” rating on the semiconductor company’s stock.

Separately, DA Davidson lowered their target price on shares of Amkor Technology from $35.00 to $32.00 in a research note on Tuesday, May 2nd.

Amkor Technology Trading Up 4.4 %

Shares of AMKR opened at $22.78 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.69 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $5.60 billion, a P/E ratio of 8.76 and a beta of 1.75. The firm has a 50-day moving average price of $23.70 and a 200 day moving average price of $25.67. Amkor Technology has a 12-month low of $14.89 and a 12-month high of $31.38.

Amkor Technology (NASDAQ:AMKR – Get Rating) last announced its earnings results on Monday, May 1st. The semiconductor company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.51 billion. Amkor Technology had a net margin of 9.19% and a return on equity of 18.08%. Amkor Technology’s revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. Sell-side analysts forecast that Amkor Technology will post 1.7 EPS for the current year.

Insider Transactions at Amkor Technology

In other news, Director Gil C. Tily sold 20,000 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $25.81, for a total transaction of $516,200.00. Following the sale, the director now owns 137,924 shares of the company’s stock, valued at $3,559,818.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Gil C. Tily sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $25.81, for a total value of $516,200.00. Following the sale, the director now owns 137,924 shares of the company’s stock, valued at $3,559,818.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $24.19, for a total transaction of $725,700.00. Following the completion of the sale, the chief executive officer now directly owns 134,808 shares in the company, valued at approximately $3,261,005.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,026,250 shares of company stock valued at $51,141,275. 53.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Amkor Technology

Several hedge funds have recently added to or reduced their stakes in AMKR. Exchange Traded Concepts LLC acquired a new stake in Amkor Technology during the fourth quarter worth approximately $27,000. Wipfli Financial Advisors LLC acquired a new stake in Amkor Technology during the third quarter worth approximately $28,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Amkor Technology during the fourth quarter worth approximately $33,000. Nisa Investment Advisors LLC raised its holdings in Amkor Technology by 350.5% during the first quarter. Nisa Investment Advisors LLC now owns 1,311 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 1,020 shares in the last quarter. Finally, CWM LLC raised its holdings in Amkor Technology by 39.6% during the third quarter. CWM LLC now owns 2,201 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 624 shares in the last quarter. Institutional investors and hedge funds own 38.07% of the company’s stock.

Amkor Technology Company Profile

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Amkor Technology, Inc provides outsourced semiconductor packaging and test services. Its services include design, package characterization, test and wafer bumping services. The firm’s operations include production facilities, product development centers, and sales and support offices. The company was founded in 1986 and is headquartered in Tempe, AZ.