Amkor Technology, Inc. (NASDAQ:AMKR) Given Average Rating of "Hold" by Analysts

Shares of Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) have received a consensus recommendation of "Hold" from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $31.50.

AMKR has been the subject of several research reports. Melius Research cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. B. Riley lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Needham & Company LLC restated a "buy" rating and set a $34.00 target price on shares of Amkor Technology in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their target price on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Finally, Melius lowered shares of Amkor Technology from a "buy" rating to a "hold" rating and reduced their target price for the company from $34.00 to $30.00 in a report on Monday, January 6th.

Insiders Place Their Bets

In other Amkor Technology news, EVP Kevin Engel sold 5,489 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the transaction, the executive vice president now owns 1,388 shares in the company, valued at $30,105.72. The trade was a 79.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the sale, the insider now directly owns 10,020,870 shares of the company's stock, valued at $218,956,009.50. The trade was a 7.98 % decrease in their position. The disclosure for this sale can be found here. 26.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amkor Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Covea Finance increased its position in shares of Amkor Technology by 47.1% in the 4th quarter. Covea Finance now owns 62,500 shares of the semiconductor company's stock worth $1,606,000 after purchasing an additional 20,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Amkor Technology by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company's stock valued at $54,209,000 after buying an additional 15,211 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Amkor Technology during the 4th quarter valued at about $5,666,000. Blue Trust Inc. grew its position in shares of Amkor Technology by 36.9% during the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after buying an additional 922 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Amkor Technology by 212.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock valued at $41,647,000 after buying an additional 925,644 shares during the last quarter. Institutional investors own 42.76% of the company's stock.

Amkor Technology Stock Down 0.4 %

Shares of NASDAQ AMKR opened at $17.48 on Tuesday. Amkor Technology has a 52-week low of $14.03 and a 52-week high of $44.86. The firm has a fifty day moving average of $18.55 and a 200-day moving average of $23.51. The stock has a market capitalization of $4.32 billion, a PE ratio of 12.22 and a beta of 1.88. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. On average, analysts anticipate that Amkor Technology will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were issued a $0.0827 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a yield of 1.89%. Amkor Technology's dividend payout ratio is currently 23.08%.

Amkor Technology Company Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.

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