Amkor Technology, Inc. (NASDAQ:AMKR) Receives $31.50 Average PT from Analysts

Shares of Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $31.50.

AMKR has been the subject of a number of analyst reports. KeyCorp decreased their target price on shares of Amkor Technology from $38.00 to $34.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Melius Research cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Melius lowered Amkor Technology from a "buy" rating to a "hold" rating and dropped their target price for the stock from $34.00 to $30.00 in a report on Monday, January 6th. StockNews.com cut Amkor Technology from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th.

Institutional Investors Weigh In On Amkor Technology

Large investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV acquired a new position in shares of Amkor Technology in the fourth quarter valued at $245,000. Northern Trust Corp grew its stake in Amkor Technology by 16.2% in the 4th quarter. Northern Trust Corp now owns 895,413 shares of the semiconductor company's stock valued at $23,003,000 after buying an additional 124,671 shares during the last quarter. Voya Investment Management LLC grew its stake in Amkor Technology by 469.0% in the 4th quarter. Voya Investment Management LLC now owns 83,455 shares of the semiconductor company's stock valued at $2,144,000 after buying an additional 68,788 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Amkor Technology by 112.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,578 shares of the semiconductor company's stock valued at $400,000 after acquiring an additional 8,247 shares during the period. Finally, Transce3nd LLC acquired a new stake in Amkor Technology during the fourth quarter worth approximately $383,000. Institutional investors own 42.76% of the company's stock.

Amkor Technology Stock Up 1.4 %

Shares of Amkor Technology stock traded up $0.32 during trading on Thursday, reaching $22.51. The stock had a trading volume of 2,010,862 shares, compared to its average volume of 1,328,646. 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 company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 15.21 and a beta of 1.81. The stock has a fifty day moving average price of $25.38 and a two-hundred day moving average price of $27.96. Amkor Technology has a 52 week low of $21.46 and a 52 week high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. Sell-side analysts predict that Amkor Technology will post 1.38 EPS for the current fiscal year.

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.