Amkor Technology (NASDAQ:AMKR) Earns "Sector Weight" Rating from KeyCorp

Amkor Technology (NASDAQ:AMKR - Get Free Report)'s stock had its "sector weight" rating reiterated by equities researchers at KeyCorp in a research note issued on Thursday, MarketBeat.com reports.

Other analysts have also issued reports about the stock. Melius lowered shares of Amkor Technology from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $34.00 to $30.00 in a research note on Monday, January 6th. Melius Research downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their price target on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. B. Riley decreased their price objective on Amkor Technology from $38.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Finally, Morgan Stanley cut their target price on Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Amkor Technology has an average rating of "Hold" and a consensus price target of $31.50.

Amkor Technology Trading Down 0.5 %

NASDAQ:AMKR traded down $0.09 during mid-day trading on Thursday, hitting $15.81. 698,624 shares of the stock traded hands, compared to its average volume of 1,720,665. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 11.03 and a beta of 1.88. Amkor Technology has a 52 week low of $14.03 and a 52 week high of $44.86. The firm's 50 day moving average is $19.11 and its two-hundred day moving average is $23.98.

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

Insider Buying and Selling

In related news, major shareholder Agnes C. Kim sold 869,565 shares of the business's stock in a transaction on Monday, February 24th. The shares were 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 in the company, valued at $218,956,009.50. The trade was a 7.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the sale, the executive vice president now directly owns 1,388 shares in the company, valued at $30,105.72. This represents a 79.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.90% of the stock is currently owned by company insiders.

Institutional Trading of Amkor Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Amkor Technology during the 4th quarter worth approximately $27,000. UMB Bank n.a. increased its holdings in Amkor Technology by 677.0% in the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock valued at $32,000 after buying an additional 1,530 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 1,160 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Amkor Technology by 421.0% during the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 1,242 shares during the period. Finally, Hurley Capital LLC purchased a new position in shares of Amkor Technology in the 4th quarter valued at about $43,000. 42.76% of the stock is owned by institutional investors and hedge funds.

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.