Analysts Set Amkor Technology, Inc. (NASDAQ:AMKR) PT at $36.29

Shares of Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $36.29.

A number of analysts have recently commented on the company. DA Davidson dropped their price objective on Amkor Technology from $40.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, October 29th. Needham & Company LLC dropped their price target 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. KeyCorp reduced their price objective on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Morgan Stanley dropped their target price on shares of 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. 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 on the stock in a research report on Tuesday, October 29th.

Insider Activity

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction 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. This represents a 4.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 31.40% of the company's stock.

Institutional Investors Weigh In On Amkor Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in Amkor Technology by 1.3% in the second quarter. SG Americas Securities LLC now owns 23,694 shares of the semiconductor company's stock worth $948,000 after purchasing an additional 296 shares in the last quarter. CWM LLC grew its position in shares of Amkor Technology by 15.1% in the 2nd quarter. CWM LLC now owns 2,359 shares of the semiconductor company's stock worth $94,000 after acquiring an additional 309 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Amkor Technology by 8.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,188 shares of the semiconductor company's stock valued at $168,000 after acquiring an additional 333 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of Amkor Technology by 1.7% during the 3rd quarter. Ritholtz Wealth Management now owns 21,717 shares of the semiconductor company's stock valued at $665,000 after acquiring an additional 357 shares in the last quarter. Finally, SummerHaven Investment Management LLC raised its position in shares of Amkor Technology by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 25,314 shares of the semiconductor company's stock valued at $1,013,000 after acquiring an additional 461 shares in the last quarter. Institutional investors own 42.76% of the company's stock.

Amkor Technology Trading Up 1.6 %

AMKR traded up $0.42 during midday trading on Friday, hitting $26.44. The company's stock had a trading volume of 511,282 shares, compared to its average volume of 1,314,122. Amkor Technology has a 52-week low of $24.10 and a 52-week high of $44.86. The firm has a 50-day moving average price of $28.41 and a two-hundred day moving average price of $32.47. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. 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 (NASDAQ:AMKR - Get Free Report) last released its earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. Amkor Technology's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. On average, research analysts anticipate that Amkor Technology will post 1.42 earnings per share for the current year.

Amkor Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th will be paid a $0.0827 dividend. The ex-dividend date is Wednesday, December 4th. This is an increase 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 dividend payout ratio is 22.30%.

Amkor Technology Company Profile

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.