Amkor Technology (NASDAQ:AMKR) Price Target Lowered to $30.00 at JPMorgan Chase & Co.

Amkor Technology (NASDAQ:AMKR - Free Report) had its price target trimmed by JPMorgan Chase & Co. from $42.00 to $30.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company's stock.

A number of other analysts have also commented on AMKR. Melius Research lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. StockNews.com lowered shares of Amkor Technology from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $34.00 price objective on shares of Amkor Technology in a research note on Tuesday. DA Davidson dropped their target price on Amkor Technology from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. Finally, KeyCorp dropped their target price on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $31.50.

Amkor Technology Price Performance

NASDAQ AMKR traded up $0.32 on Tuesday, reaching $22.51. The company's stock had a trading volume of 1,283,922 shares, compared to its average volume of 1,601,884. Amkor Technology has a twelve month low of $21.46 and a twelve month high of $44.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The stock has a market cap of $5.55 billion, a PE ratio of 15.17 and a beta of 1.81. The firm's 50 day moving average is $25.45 and its two-hundred day moving average is $28.11.

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

Hedge Funds Weigh In On Amkor Technology

Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Amkor Technology in the fourth quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in Amkor Technology in the third quarter worth approximately $39,000. Jones Financial Companies Lllp increased its holdings in Amkor Technology by 353.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after buying an additional 1,160 shares during the last quarter. Bessemer Group Inc. grew its holdings in Amkor Technology by 421.0% during the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 1,242 shares during the last quarter. Finally, Hurley Capital LLC acquired a new position in Amkor Technology during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 42.76% of the company's stock.

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.