Amkor Technology, Inc. (NASDAQ:AMKR) Given Average Recommendation of “Hold” by Brokerages

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have been given a consensus recommendation of “Hold” by the eleven analysts that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $39.1429.

A number of research firms have recently issued reports on AMKR. JPMorgan Chase & Co. upped their price target on Amkor Technology from $27.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. DA Davidson raised their target price on Amkor Technology from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. William Blair upgraded Amkor Technology to a “neutral” rating in a report on Monday, January 12th. Finally, Wall Street Zen lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Saturday, January 10th.

Insider Buying and Selling at Amkor Technology

In other news, Director Maryfrances Mccourt sold 20,000 shares of Amkor Technology stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $46.02, for a total transaction of $920,400.00. Following the sale, the director owned 55,918 shares of the company’s stock, valued at approximately $2,573,346.36. The trade was a 26.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gil C. Tily sold 20,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $46.44, for a total value of $928,800.00. Following the completion of the transaction, the director owned 123,806 shares of the company’s stock, valued at $5,749,550.64. The trade was a 13.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 96,000 shares of company stock worth $4,085,910. Insiders own 26.90% of the company’s stock.

Institutional Trading of Amkor Technology

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Amkor Technology by 4.6% in the third quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company’s stock valued at $448,148,000 after buying an additional 687,900 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Amkor Technology by 18.4% in the 3rd quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock valued at $119,607,000 after acquiring an additional 653,489 shares during the period. American Century Companies Inc. lifted its holdings in shares of Amkor Technology by 0.5% in the 3rd quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company’s stock worth $108,942,000 after acquiring an additional 17,656 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Amkor Technology by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,255,475 shares of the semiconductor company’s stock worth $47,349,000 after purchasing an additional 27,432 shares during the period. Finally, First Trust Advisors LP increased its holdings in Amkor Technology by 17.6% in the 3rd quarter. First Trust Advisors LP now owns 1,981,609 shares of the semiconductor company’s stock valued at $56,277,000 after purchasing an additional 296,057 shares during the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Stock Performance

NASDAQ:AMKR opened at $50.96 on Thursday. The company has a market cap of $12.60 billion, a P/E ratio of 40.77 and a beta of 1.99. Amkor Technology has a twelve month low of $14.03 and a twelve month high of $55.17. The company’s 50-day moving average price is $43.80 and its 200-day moving average price is $33.11. The company has a current ratio of 1.77, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, October 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.09. Amkor Technology had a net margin of 4.77% and a return on equity of 7.26%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the company earned $0.49 EPS. Amkor Technology’s revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts forecast that Amkor Technology will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were paid a $0.0835 dividend. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. Amkor Technology’s dividend payout ratio is currently 26.40%.

Amkor Technology Company Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.