Amkor Technology (NASDAQ:AMKR) PT Lowered to $36.00 at DA Davidson

Amkor Technology (NASDAQ:AMKR - Free Report) had its price objective cut by DA Davidson from $40.00 to $36.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a buy rating on the semiconductor company's stock.

A number of other equities analysts also recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Amkor Technology from $35.00 to $26.00 and set an "equal weight" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of Amkor Technology from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday. The Goldman Sachs Group decreased their price objective on shares of Amkor Technology from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday. StockNews.com upgraded shares of Amkor Technology from a "hold" rating to a "buy" rating in a report on Tuesday, October 15th. Finally, KeyCorp decreased their price objective on shares of Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.63.

Amkor Technology Stock Down 5.2 %

AMKR traded down $1.55 during trading on Tuesday, reaching $27.98. 5,919,123 shares of the stock were exchanged, compared to its average volume of 1,325,689. The stock has a market cap of $6.88 billion, a P/E ratio of 18.41 and a beta of 1.84. Amkor Technology has a twelve month low of $17.58 and a twelve month high of $44.86. The stock's 50 day moving average price is $30.71 and its two-hundred day moving average price is $33.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 2.08.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. Amkor Technology's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Equities analysts expect that Amkor Technology will post 1.55 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were given a $0.079 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.13%. Amkor Technology's payout ratio is presently 20.39%.

Insider Activity

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

Institutional Investors Weigh In On Amkor Technology

Institutional investors and hedge funds have recently bought and sold shares of the company. M&G Plc bought a new stake in Amkor Technology during the first quarter worth about $11,435,000. Duality Advisers LP bought a new position in shares of Amkor Technology in the first quarter worth about $849,000. Capital World Investors bought a new position in shares of Amkor Technology in the first quarter worth about $9,288,000. Vanguard Group Inc. lifted its holdings in shares of Amkor Technology by 1.5% in the first quarter. Vanguard Group Inc. now owns 14,976,630 shares of the semiconductor company's stock worth $482,847,000 after acquiring an additional 219,638 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Amkor Technology in the first quarter worth about $1,257,000. Institutional investors own 42.76% of the company's stock.

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.