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

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) has earned an average rating of "Moderate Buy" from the nine analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $31.50.

AMKR has been the subject of several analyst reports. Melius lowered shares of Amkor Technology from a "buy" rating to a "hold" rating and dropped their price target for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Morgan Stanley decreased their price objective on shares of Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Melius Research lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. JPMorgan Chase & Co. decreased their price target on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $34.00 price objective on shares of Amkor Technology in a research report on Tuesday, February 11th.

Insider Activity

In other news, EVP Kevin Engel sold 5,489 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the sale, the executive vice president now owns 1,388 shares of the company's stock, valued at $30,105.72. The trade was a 79.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the transaction, the insider now directly owns 10,020,870 shares of the company's stock, valued at approximately $218,956,009.50. This trade represents a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Highland Capital Management LLC boosted its position in shares of Amkor Technology by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company's stock valued at $201,000 after acquiring an additional 482 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in Amkor Technology by 0.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company's stock worth $2,313,000 after purchasing an additional 484 shares in the last quarter. Robotti Robert boosted its holdings in Amkor Technology by 0.3% in the 4th quarter. Robotti Robert now owns 215,837 shares of the semiconductor company's stock valued at $5,545,000 after purchasing an additional 705 shares during the period. New York State Teachers Retirement System grew its position in shares of Amkor Technology by 2.0% during the 4th quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company's stock valued at $1,020,000 after purchasing an additional 782 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Amkor Technology by 0.8% in the fourth quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company's stock worth $2,461,000 after purchasing an additional 785 shares during the period. Hedge funds and other institutional investors own 42.76% of the company's stock.

Amkor Technology Stock Up 3.9 %

AMKR traded up $0.60 during midday trading on Friday, reaching $15.97. 778,079 shares of the company were exchanged, compared to its average volume of 1,660,247. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 11.16 and a beta of 1.88. Amkor Technology has a one year low of $14.03 and a one year high of $44.86. The company's fifty day moving average price is $20.94 and its 200 day moving average price is $25.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. As a group, analysts expect that Amkor Technology will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were given a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, March 13th. Amkor Technology's dividend payout ratio is currently 23.08%.

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.