Amkor Technology, Inc. (NASDAQ:AMKR) Receives Average Rating of “Hold” from Analysts

Amkor Technology, Inc. (NASDAQ:AMKR) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $69.8750.

AMKR has been the topic of several research reports. Needham & Company LLC increased their price objective on shares of Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen lowered shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research note on Monday, April 20th. B. Riley Financial increased their price objective on shares of Amkor Technology from $70.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, UBS Group reiterated a “neutral” rating and set a $80.00 price objective on shares of Amkor Technology in a research note on Tuesday, May 26th.

Insider Buying and Selling

In other Amkor Technology news, CFO Megan Faust sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $70.30, for a total value of $70,300.00. Following the sale, the chief financial officer owned 132,138 shares in the company, valued at approximately $9,289,301.40. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $74.28, for a total transaction of $3,714,000.00. Following the completion of the sale, the director owned 502,558 shares in the company, valued at $37,330,008.24. The trade was a 9.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,000 shares of company stock valued at $8,928,600 in the last ninety days. Insiders own 26.40% of the company’s stock.

Institutional Investors Weigh In On Amkor Technology

Several large investors have recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Amkor Technology by 23.7% in the first quarter. Parallel Advisors LLC now owns 7,348 shares of the semiconductor company’s stock valued at $331,000 after purchasing an additional 1,410 shares during the period. Wellington Grp LLC acquired a new stake in shares of Amkor Technology in the first quarter valued at approximately $1,824,000. Bull Harbor Capital LLC acquired a new stake in shares of Amkor Technology in the first quarter valued at approximately $603,000. Amundi increased its stake in shares of Amkor Technology by 3,546.6% in the first quarter. Amundi now owns 263,868 shares of the semiconductor company’s stock valued at $11,882,000 after purchasing an additional 256,632 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Amkor Technology by 28.0% in the first quarter. EverSource Wealth Advisors LLC now owns 4,311 shares of the semiconductor company’s stock valued at $194,000 after purchasing an additional 943 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Price Performance

AMKR opened at $78.72 on Friday. The firm has a market cap of $19.51 billion, a price-to-earnings ratio of 44.98 and a beta of 2.25. Amkor Technology has a fifty-two week low of $20.59 and a fifty-two week high of $96.68. The company’s 50-day moving average price is $74.59 and its 200 day moving average price is $56.80. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.10. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. Amkor Technology’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. As a group, sell-side analysts expect that Amkor Technology will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd were paid a $0.0835 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.33 annualized dividend and a dividend yield of 0.4%. Amkor Technology’s dividend payout ratio (DPR) is presently 18.86%.

About Amkor Technology

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.