Shares of Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $68.00.
AMKR has been the topic of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. B. Riley Financial dropped their target price on shares of Amkor Technology from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday. Melius Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, April 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a report on Friday, July 17th. Finally, Zacks Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday.
View Our Latest Report on AMKR
Insiders Place Their Bets
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new stake in Amkor Technology in the second quarter worth $242,000. Handelsbanken Fonder AB raised its holdings in shares of Amkor Technology by 14.6% during the second quarter. Handelsbanken Fonder AB now owns 40,876 shares of the semiconductor company’s stock valued at $3,525,000 after purchasing an additional 5,200 shares during the period. KMG Fiduciary Partners LLC acquired a new position in shares of Amkor Technology during the second quarter valued at about $376,000. Wealthcare Advisory Partners LLC bought a new position in shares of Amkor Technology during the 2nd quarter worth about $325,000. Finally, Arista Wealth Management LLC boosted its position in shares of Amkor Technology by 1.2% during the 2nd quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock worth $1,176,000 after purchasing an additional 157 shares in the last quarter. 42.76% of the stock is owned by institutional investors.
Amkor Technology Price Performance
Shares of AMKR opened at $66.97 on Thursday. The business has a 50-day moving average of $73.60 and a 200-day moving average of $60.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. The company has a market capitalization of $16.60 billion, a price-to-earnings ratio of 38.27 and a beta of 2.20. Amkor Technology has a 1 year low of $20.86 and a 1 year high of $96.68.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last released its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Amkor Technology will post 2.08 earnings per share for the current year.
Amkor Technology Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were paid a dividend of $0.0835 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.33 annualized dividend and a yield of 0.5%. Amkor Technology’s dividend payout ratio (DPR) is currently 18.86%.
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.
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