Amkor Technology, Inc. (NASDAQ:AMKR) Receives Consensus Rating of "Moderate Buy" from Analysts

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $36.29.

Several research firms recently commented on AMKR. Needham & Company LLC cut their price objective on shares of Amkor Technology from $45.00 to $34.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th. The Goldman Sachs Group decreased their price objective on Amkor Technology from $36.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, October 29th. KeyCorp reduced their price target on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. DA Davidson lowered their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Amkor Technology from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th.

Amkor Technology Trading Up 0.8 %

NASDAQ:AMKR traded up $0.20 during trading hours on Wednesday, hitting $26.47. 370,666 shares of the stock were exchanged, compared to its average volume of 1,323,516. The company has a market capitalization of $6.53 billion, a P/E ratio of 17.89 and a beta of 1.84. 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's 50 day moving average is $26.93 and its two-hundred day moving average is $31.64. Amkor Technology has a twelve month low of $24.10 and a twelve month high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Amkor Technology will post 1.42 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Wednesday, December 4th. This is a positive change from Amkor Technology's previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a dividend yield of 1.25%. Amkor Technology's payout ratio is currently 22.30%.

Insider Activity at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total value of $315,100.00. Following the transaction, the chief executive officer now directly owns 204,971 shares in the company, valued at $6,458,636.21. The trade was a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 31.40% of the stock is currently owned by company insiders.

Institutional Trading of Amkor Technology

Several hedge funds and other institutional investors have recently modified their holdings of AMKR. Capital Performance Advisors LLP bought a new position in Amkor Technology during the 3rd quarter worth $39,000. Ashton Thomas Private Wealth LLC bought a new stake in Amkor Technology in the 2nd quarter valued at about $40,000. Larson Financial Group LLC grew its position in shares of Amkor Technology by 911.3% during the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 1,130 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Amkor Technology during the second quarter worth approximately $52,000. Finally, Ulland Investment Advisors LLC acquired a new stake in shares of Amkor Technology in the third quarter valued at approximately $82,000. 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.