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

Shares of Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $35.63.

Several brokerages recently weighed in on AMKR. The Goldman Sachs Group lowered their price objective on Amkor Technology from $36.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, October 29th. Needham & Company LLC reduced their price objective on Amkor Technology from $45.00 to $34.00 and set a "buy" rating on the stock in a research note on Tuesday, October 29th. StockNews.com cut Amkor Technology from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. DA Davidson cut their price target on Amkor Technology from $40.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, October 29th. Finally, Morgan Stanley cut their price target on Amkor Technology from $35.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 29th.

Insiders Place Their Bets

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the transaction, the chief executive officer now owns 204,971 shares of the company's stock, valued at $6,458,636.21. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the transaction, the chief executive officer now owns 204,971 shares of the company's stock, valued at $6,458,636.21. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Winston J. Churchill sold 20,000 shares of the firm's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the transaction, the director now directly owns 19,871 shares in the company, valued at approximately $655,146.87. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 31.40% of the company's stock.

Institutional Investors Weigh In On Amkor Technology

A number of institutional investors have recently added to or reduced their stakes in AMKR. 1620 Investment Advisors Inc. acquired a new stake in shares of Amkor Technology during the 2nd quarter valued at approximately $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Amkor Technology in the 2nd quarter valued at about $40,000. Larson Financial Group LLC raised its stake in Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 1,130 shares during the period. Capital Performance Advisors LLP acquired a new stake in Amkor Technology during the third quarter worth about $39,000. Finally, Rothschild Investment LLC bought a new position in Amkor Technology in the 2nd quarter worth about $52,000. Hedge funds and other institutional investors own 42.76% of the company's stock.

Amkor Technology Trading Up 1.2 %

Amkor Technology stock traded up $0.30 during mid-day trading on Tuesday, hitting $26.33. The company's stock had a trading volume of 1,219,871 shares, compared to its average volume of 1,338,469. The firm has a market capitalization of $6.49 billion, a PE ratio of 17.79 and a beta of 1.85. Amkor Technology has a 1 year low of $22.90 and a 1 year high of $44.86. 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 stock's fifty day moving average is $30.07 and its two-hundred day moving average is $33.14.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The company's revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 earnings per share. On average, analysts anticipate that Amkor Technology will post 1.42 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, September 3rd. Amkor Technology's payout ratio is 20.95%.

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.