Amkor Technology, Inc. (NASDAQ:AMKR) Receives Consensus Recommendation of "Hold" 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 given an average rating of "Hold" by the ten analysts that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $26.4444.

AMKR has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Amkor Technology from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. The Goldman Sachs Group initiated coverage on Amkor Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $20.00 price target for the company. UBS Group lifted their price target on Amkor Technology from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Morgan Stanley restated an "equal weight" rating on shares of Amkor Technology in a research note on Tuesday, July 29th. Finally, KeyCorp restated a "sector weight" rating on shares of Amkor Technology in a research note on Thursday, April 17th.

Amkor Technology Stock Performance

Shares of AMKR stock traded up $0.26 on Thursday, hitting $23.13. The company had a trading volume of 2,267,183 shares, compared to its average volume of 2,562,687. The firm has a market cap of $5.72 billion, a P/E ratio of 18.80 and a beta of 1.85. The company has a 50-day moving average price of $21.22 and a 200-day moving average price of $20.25. The company has a quick ratio of 1.70, a current ratio of 1.89 and a debt-to-equity ratio of 0.28. Amkor Technology has a twelve month low of $14.03 and a twelve month high of $33.85.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.42 billion. Amkor Technology had a return on equity of 7.23% and a net margin of 4.80%. The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. As a group, equities research analysts predict that Amkor Technology will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

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

Insider Activity at Amkor Technology

In other Amkor Technology news, EVP Mark N. Rogers sold 15,000 shares of the company's 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 transaction, the executive vice president directly owned 23,862 shares in the company, valued at $562,665.96. This represents a 38.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Sujoda Management, Llc purchased 441,589 shares of the firm's stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $21.85 per share, for a total transaction of $9,648,719.65. Following the completion of the purchase, the insider directly owned 3,789,479 shares of the company's stock, valued at $82,800,116.15. This represents a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. 26.90% of the stock is currently owned by insiders.

Institutional Trading of Amkor Technology

Several hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers acquired a new stake in shares of Amkor Technology in the second quarter valued at $259,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Amkor Technology by 7.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,199 shares of the semiconductor company's stock valued at $613,000 after acquiring an additional 2,080 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Amkor Technology by 5.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 43,467 shares of the semiconductor company's stock valued at $912,000 after acquiring an additional 2,407 shares in the last quarter. Geode Capital Management LLC increased its holdings in Amkor Technology by 1.2% in the second quarter. Geode Capital Management LLC now owns 2,255,475 shares of the semiconductor company's stock valued at $47,349,000 after buying an additional 27,432 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Amkor Technology by 64.0% in the second quarter. PNC Financial Services Group Inc. now owns 5,259 shares of the semiconductor company's stock valued at $110,000 after buying an additional 2,052 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

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.