Amkor Technology, Inc. (AMKR) Given Average Recommendation of “Hold” by Brokerages
Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $9.10.
AMKR has been the subject of several research reports. BidaskClub cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. TheStreet raised shares of Amkor Technology from a “c” rating to a “b-” rating in a research note on Tuesday, April 4th. ValuEngine raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Deutsche Bank AG reaffirmed a “hold” rating and set a $12.00 price target (up from $9.50) on shares of Amkor Technology in a research note on Saturday, April 29th. Finally, Zacks Investment Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, May 2nd.
Shares of Amkor Technology (NASDAQ:AMKR) opened at 11.01 on Tuesday. The firm has a 50-day moving average of $10.61 and a 200-day moving average of $10.77. The firm has a market capitalization of $2.63 billion, a PE ratio of 16.89 and a beta of 2.53. Amkor Technology has a 1-year low of $6.17 and a 1-year high of $12.48.
Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Thursday, April 27th. The semiconductor company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $0.01. The business had revenue of $914 million for the quarter, compared to the consensus estimate of $902.06 million. Amkor Technology had a return on equity of 11.44% and a net margin of 3.94%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that Amkor Technology will post $0.80 EPS for the current fiscal year.
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In other Amkor Technology news, CAO Gil C. Tily sold 87,500 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $11.86, for a total transaction of $1,037,750.00. Following the completion of the sale, the chief accounting officer now owns 112,017 shares of the company’s stock, valued at approximately $1,328,521.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Winston J. Churchill sold 56,598 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $11.96, for a total value of $676,912.08. Following the sale, the director now directly owns 48,776 shares of the company’s stock, valued at approximately $583,360.96. The disclosure for this sale can be found here. Insiders have sold a total of 276,010 shares of company stock valued at $3,296,640 in the last ninety days. Insiders own 58.10% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Amkor Technology during the fourth quarter valued at about $13,651,000. Vident Investment Advisory LLC increased its stake in shares of Amkor Technology by 54.6% in the first quarter. Vident Investment Advisory LLC now owns 249,293 shares of the semiconductor company’s stock valued at $2,889,000 after buying an additional 88,044 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Amkor Technology during the first quarter valued at about $1,166,000. Adams Diversified Equity Fund Inc. increased its stake in shares of Amkor Technology by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 71,900 shares of the semiconductor company’s stock valued at $833,000 after buying an additional 2,000 shares in the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of Amkor Technology during the first quarter valued at about $167,000. 38.87% of the stock is owned by institutional investors and hedge funds.
About Amkor Technology
Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.
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