Amkor Technology, Inc. (NASDAQ:AMKR) Receives $35.50 Average Price Target from Brokerages

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $35.50.

Several equities analysts recently issued reports on AMKR shares. KeyCorp lowered their price objective on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 29th. Melius downgraded Amkor Technology from a "buy" rating to a "hold" rating and lowered their price target for the company from $34.00 to $30.00 in a report on Monday, January 6th. StockNews.com downgraded Amkor Technology from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. Melius Research cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group reduced their price target on shares of Amkor Technology from $36.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, October 29th.

Amkor Technology Stock Up 1.8 %

Shares of NASDAQ:AMKR traded up $0.45 on Friday, hitting $25.91. 1,579,884 shares of the company traded hands, compared to its average volume of 1,047,994. The stock has a 50 day simple moving average of $26.12 and a 200-day simple moving average of $30.15. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The company has a market cap of $6.39 billion, a PE ratio of 17.51 and a beta of 1.83. Amkor Technology has a 52 week low of $24.10 and a 52 week high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). The firm had revenue of $1.86 billion for 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 firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. As a group, research analysts expect that Amkor Technology will post 1.38 earnings per share for the current year.

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were paid a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, December 4th. This is a boost from Amkor Technology's previous quarterly dividend of $0.08. Amkor Technology's dividend payout ratio (DPR) is currently 22.30%.

Institutional Trading of Amkor Technology

Hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in Amkor Technology by 13.6% during the second quarter. Envestnet Asset Management Inc. now owns 431,233 shares of the semiconductor company's stock valued at $17,258,000 after purchasing an additional 51,711 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Amkor Technology by 10.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 152,393 shares of the semiconductor company's stock valued at $6,099,000 after buying an additional 14,012 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Amkor Technology by 2,001.4% during the 2nd quarter. Renaissance Technologies LLC now owns 151,300 shares of the semiconductor company's stock valued at $6,055,000 after buying an additional 144,100 shares in the last quarter. Amalgamated Bank boosted its holdings in Amkor Technology by 22.1% in the 2nd quarter. Amalgamated Bank now owns 66,467 shares of the semiconductor company's stock worth $2,660,000 after buying an additional 12,018 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Amkor Technology by 12.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,474 shares of the semiconductor company's stock worth $737,000 after buying an additional 2,058 shares in the last quarter. Institutional investors own 42.76% of the company's stock.

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.