Amkor Technology, Inc. (NASDAQ:AMKR) Given Consensus Rating of “Moderate Buy” by Analysts

Amkor Technology, Inc. (NASDAQ:AMKR) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $36.29.

A number of equities analysts have recently commented on AMKR shares. DA Davidson cut their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. JPMorgan Chase & Co. decreased their price target on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Needham & Company LLC dropped their price objective on Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. The Goldman Sachs Group decreased their target price on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Finally, Morgan Stanley dropped their price target on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th.

Insider Buying and Selling at Amkor Technology

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the completion of the sale, the chief executive officer now owns 204,971 shares of the company’s stock, valued at approximately $6,458,636.21. The trade was a 4.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 31.40% of the company’s stock.

Institutional Trading of Amkor Technology

Several hedge funds and other institutional investors have recently bought and sold shares of AMKR. Neo Ivy Capital Management purchased a new position in shares of Amkor Technology in the third quarter valued at about $930,000. Geode Capital Management LLC raised its position in Amkor Technology by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock valued at $64,101,000 after purchasing an additional 131,106 shares during the last quarter. Barclays PLC raised its position in Amkor Technology by 99.5% during the 3rd quarter. Barclays PLC now owns 405,400 shares of the semiconductor company’s stock valued at $12,406,000 after purchasing an additional 202,218 shares during the last quarter. MML Investors Services LLC purchased a new stake in Amkor Technology in the 3rd quarter worth approximately $267,000. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of Amkor Technology in the 3rd quarter worth approximately $256,000. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Trading Up 1.6 %

Shares of AMKR opened at $26.44 on Friday. The firm has a market cap of $6.52 billion, a P/E ratio of 17.86 and a beta of 1.85. Amkor Technology has a fifty-two week low of $24.10 and a fifty-two week high of $44.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The business has a 50-day moving average of $28.50 and a 200 day moving average of $32.51.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. As a group, research analysts forecast that Amkor Technology will post 1.42 EPS for the current year.

Amkor Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th will be paid a $0.0827 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.33 annualized dividend and a yield of 1.25%. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is currently 22.30%.

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.