Amkor Technology, Inc. (NASDAQ:AMKR) Receives $26.44 Consensus Target Price from Analysts

Key Points

• Amkor Technology, Inc. has received a consensus rating of "Hold" from analysts, with six hold ratings and four buy ratings among the ten ratings firms covering the stock.
• The company's recent quarterly earnings report showed earnings per share of $0.22, exceeding expectations, with revenues of $1.51 billion, a 3.4% increase year-over-year.
• Amkor Technology announced a quarterly dividend of $0.0827 per share, representing an annualized yield of 1.5% and a payout ratio of 26.83%.

Shares of Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) have been assigned an average rating of "Hold" from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $26.4444.

AMKR has been the subject of a number of recent analyst reports. Needham & Company LLC increased their price target on Amkor Technology from $22.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. UBS Group upped their price objective on shares of Amkor Technology from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. DA Davidson dropped 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 report on Tuesday, April 29th. The Goldman Sachs Group assumed coverage on shares of Amkor Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $20.00 price target on the stock. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of Amkor Technology in a research note on Tuesday, July 29th.

Insider Buying and Selling at Amkor Technology

In related news, EVP Mark N. Rogers sold 15,000 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $23.58, for a total transaction of $353,700.00. Following the completion of the sale, the executive vice president directly owned 23,862 shares in the company, valued at approximately $562,665.96. This trade represents a 38.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder John T. Kim acquired 441,589 shares of Amkor Technology stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $21.85 per share, with a total value of $9,648,719.65. Following the transaction, the insider owned 3,789,479 shares of the company's stock, valued at approximately $82,800,116.15. The trade was a 13.19% increase in their position. The disclosure for this purchase can be found here. Company insiders own 26.90% of the company's stock.

Institutional Investors Weigh In On Amkor Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in AMKR. Hantz Financial Services Inc. boosted its holdings in Amkor Technology by 1,050.4% in the second quarter. Hantz Financial Services Inc. now owns 1,369 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 1,250 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Amkor Technology during the first quarter valued at about $27,000. Bessemer Group Inc. lifted its position in shares of Amkor Technology by 421.0% in the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock worth $39,000 after buying an additional 1,242 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Amkor Technology by 416.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 1,292 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Amkor Technology by 677.0% during the 1st quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 1,530 shares during the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Price Performance

NASDAQ:AMKR traded up $0.26 during trading hours on Thursday, reaching $23.13. 2,267,183 shares of the company's stock were exchanged, compared to its average volume of 2,562,687. The company has a quick ratio of 1.70, a current ratio of 1.89 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $5.72 billion, a P/E ratio of 18.80 and a beta of 1.85. Amkor Technology has a 12 month low of $14.03 and a 12 month high of $33.85. The business's 50-day simple moving average is $21.22 and its two-hundred day simple moving average is $20.21.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.42 billion. Amkor Technology had a return on equity of 7.23% and a net margin of 4.80%. The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. Sell-side analysts expect that Amkor Technology will post 1.47 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were paid a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, June 5th. Amkor Technology's dividend payout ratio is currently 26.83%.

About Amkor Technology

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.