Amkor Technology (AMKR) Releases Q1 2019 Earnings Guidance

Amkor Technology (NASDAQ:AMKR) issued an update on its first quarter 2019 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $-0.27–0.07 for the period, compared to the Thomson Reuters consensus estimate of $0.03. The company issued revenue guidance of $840-920 million, compared to the consensus revenue estimate of $1.01 billion.

AMKR stock opened at $8.48 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.38 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 14.62 and a beta of 1.92. Amkor Technology has a twelve month low of $5.72 and a twelve month high of $11.68.

AMKR has been the subject of a number of analyst reports. TheStreet upgraded Amkor Technology from a c rating to a b- rating in a research note on Friday, January 25th. Zacks Investment Research upgraded Amkor Technology from a hold rating to a buy rating and set a $8.25 price target for the company in a research note on Tuesday, January 15th. BidaskClub upgraded Amkor Technology from a hold rating to a buy rating in a research note on Tuesday, February 5th. Finally, Deutsche Bank decreased their price target on Amkor Technology from $10.00 to $7.00 and set a hold rating for the company in a research note on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $7.67.

In other Amkor Technology news, insider Stephen Douglas Kelley bought 150,000 shares of Amkor Technology stock in a transaction dated Tuesday, December 11th. The stock was bought at an average cost of $6.33 per share, for a total transaction of $949,500.00. Following the purchase, the insider now owns 168,750 shares of the company’s stock, valued at approximately $1,068,187.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 57.90% of the company’s stock.

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About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.

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