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

Shares of Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) have been assigned a consensus rating of "Hold" from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $28.00.

AMKR has been the topic of a number of analyst reports. KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Needham & Company LLC decreased their price objective on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. DA Davidson lowered their target price on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Melius cut Amkor Technology from a "buy" rating to a "hold" rating and decreased their price target for the company from $34.00 to $30.00 in a report on Monday, January 6th. Finally, Morgan Stanley dropped their price objective on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th.

Insiders Place Their Bets

In related news, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total value of $18,999,995.25. Following the sale, the insider now directly owns 10,020,870 shares of the company's stock, valued at $218,956,009.50. This represents a 7.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $30,105.72. This trade represents a 79.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 26.90% of the company's stock.

Hedge Funds Weigh In On Amkor Technology

A number of large investors have recently bought and sold shares of AMKR. Covea Finance grew its holdings in shares of Amkor Technology by 47.1% in the fourth 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 boosted its position in Amkor Technology by 0.7% in 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 period. Raymond James Financial Inc. bought a new stake in shares of Amkor Technology during the fourth quarter valued at approximately $5,666,000. Blue Trust Inc. raised its stake in shares of Amkor Technology by 36.9% during the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after acquiring an additional 922 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Amkor Technology by 212.6% in the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock valued at $41,647,000 after purchasing an additional 925,644 shares during the period. Hedge funds and other institutional investors own 42.76% of the company's stock.

Amkor Technology Stock Performance

AMKR traded up $0.66 during midday trading on Tuesday, hitting $18.14. 1,866,839 shares of the company traded hands, compared to its average volume of 1,772,263. The company's 50-day moving average is $18.17 and its 200 day moving average is $23.14. Amkor Technology has a 52 week low of $14.03 and a 52 week high of $44.86. The firm has a market capitalization of $4.48 billion, a PE ratio of 12.69 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 earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business earned $0.24 EPS. The company's quarterly revenue was down 3.2% compared to the same quarter last year. On average, research analysts expect that Amkor Technology will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were paid a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Thursday, March 13th. Amkor Technology's payout ratio is 25.78%.

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.