Brokerages Set Amkor Technology, Inc. (NASDAQ:AMKR) Price Target at $26.50

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) has received a consensus rating of "Hold" from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.50.

A number of research firms recently commented on AMKR. B. Riley cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. Needham & Company LLC decreased their price objective on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. dropped their target price on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. DA Davidson reduced their price target on Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, The Goldman Sachs Group began coverage on Amkor Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $20.00 price target for the company.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AMKR. CANADA LIFE ASSURANCE Co grew its holdings in Amkor Technology by 0.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company's stock worth $2,313,000 after purchasing an additional 484 shares during the last quarter. Robotti Robert increased its position in Amkor Technology by 0.3% during the 4th quarter. Robotti Robert now owns 215,837 shares of the semiconductor company's stock valued at $5,545,000 after buying an additional 705 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company's stock valued at $40,000 after buying an additional 854 shares during the last quarter. Transce3nd LLC boosted its holdings in Amkor Technology by 5.8% in the first quarter. Transce3nd LLC now owns 15,817 shares of the semiconductor company's stock worth $283,000 after acquiring an additional 864 shares in the last quarter. Finally, Merit Financial Group LLC boosted its holdings in Amkor Technology by 6.4% in the first quarter. Merit Financial Group LLC now owns 14,595 shares of the semiconductor company's stock worth $264,000 after acquiring an additional 873 shares in the last quarter. 42.76% of the stock is owned by institutional investors.

Amkor Technology Trading Down 1.5%

Shares of NASDAQ:AMKR traded down $0.33 during trading on Friday, hitting $21.23. The company had a trading volume of 2,124,904 shares, compared to its average volume of 1,808,995. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 16.59 and a beta of 1.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.83. The company has a fifty day simple moving average of $20.04 and a two-hundred day simple moving average of $20.68. Amkor Technology has a one year low of $14.03 and a one year high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. Amkor Technology's revenue was down 3.2% on a year-over-year basis. During the same period last year, the company earned $0.24 earnings per share. As a group, equities analysts forecast that Amkor Technology will post 1.47 earnings per share for the current year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th were issued a $0.0827 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.33 annualized dividend and a dividend yield of 1.56%. Amkor Technology's dividend payout ratio is currently 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.