Amkor Technology, Inc. (NASDAQ:AMKR) Receives $67.38 Consensus Price Target from Brokerages

Amkor Technology, Inc. (NASDAQ:AMKRGet Free Report) has been given an average recommendation of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $67.3750.

A number of brokerages have recently issued reports on AMKR. B. Riley Financial upped their price target on Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Wall Street Zen downgraded Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Needham & Company LLC upped their price target on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Morgan Stanley upped their price target on Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Zacks Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th.

Get Our Latest Research Report on AMKR

Amkor Technology Trading Up 3.8%

Shares of NASDAQ:AMKR opened at $70.91 on Wednesday. The company has a market cap of $17.58 billion, a P/E ratio of 40.52 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. Amkor Technology has a 1 year low of $19.79 and a 1 year high of $79.50. The stock’s fifty day moving average price is $66.05 and its 200-day moving average price is $52.62.

Amkor Technology (NASDAQ:AMKRGet Free Report) last announced its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The company’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. 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 announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd will be issued a $0.0835 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. Amkor Technology’s dividend payout ratio is currently 18.86%.

Insider Buying and Selling

In other Amkor Technology news, Director Winston J. Churchill sold 7,000 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $76.45, for a total value of $535,150.00. Following the transaction, the director owned 18,888 shares of the company’s stock, valued at approximately $1,443,987.60. This represents a 27.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $74.28, for a total value of $3,714,000.00. Following the completion of the transaction, the director directly owned 502,558 shares in the company, valued at approximately $37,330,008.24. This represents a 9.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 113,000 shares of company stock valued at $8,258,950 in the last 90 days. Insiders own 26.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 440 shares during the period. Bessemer Group Inc. lifted its holdings in Amkor Technology by 72.1% in the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 391 shares during the period. Root Financial Partners LLC increased its position in Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after buying an additional 262 shares in the last quarter. IFP Advisors Inc increased its position in Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after buying an additional 447 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new stake in Amkor Technology in the first quarter worth about $45,000. Institutional investors own 42.76% of the company’s stock.

About Amkor Technology

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Amkor Technology (NASDAQ:AMKR)

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