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

Shares of Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) have received a consensus rating of "Hold" from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Seven investment 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 analysts that have covered the stock in the last year is $62.75.

A number of brokerages have recently issued reports on AMKR. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Amkor Technology in a report on Monday, April 20th. William Blair raised shares of Amkor Technology to a "neutral" rating in a report on Monday, January 12th. Needham & Company LLC raised their price target on shares of Amkor Technology from $65.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, April 28th. Wall Street Zen downgraded shares of Amkor Technology from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 21st. Finally, UBS Group set a $43.00 price objective on shares of Amkor Technology in a research note on Tuesday, February 10th.

Insider Transactions at Amkor Technology

In other news, CEO Kevin K. Engel sold 12,500 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $48.75, for a total value of $609,375.00. Following the transaction, the chief executive officer owned 2,953 shares in the company, valued at $143,958.75. This represents a 80.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Roger Anthony Carolin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $76.24, for a total transaction of $1,524,800.00. Following the completion of the transaction, the director owned 94,409 shares in the company, valued at $7,197,742.16. This trade represents a 17.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 74,500 shares of company stock worth $4,548,075. 26.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amkor Technology

Several institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in shares of Amkor Technology by 29.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,726 shares of the semiconductor company's stock worth $348,000 after purchasing an additional 1,758 shares during the period. Convergence Investment Partners LLC bought a new position in shares of Amkor Technology in the 1st quarter worth approximately $2,801,000. Hollencrest Capital Management bought a new position in shares of Amkor Technology in the 1st quarter worth approximately $45,000. Meeder Asset Management Inc. lifted its stake in shares of Amkor Technology by 62.5% in the 1st quarter. Meeder Asset Management Inc. now owns 30,139 shares of the semiconductor company's stock worth $1,357,000 after purchasing an additional 11,589 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Amkor Technology by 23.7% in the 1st quarter. Parallel Advisors LLC now owns 7,348 shares of the semiconductor company's stock worth $331,000 after purchasing an additional 1,410 shares during the period. Institutional investors own 42.76% of the company's stock.

Amkor Technology Stock Performance

Shares of NASDAQ AMKR opened at $76.61 on Friday. The firm's 50-day moving average price is $54.59 and its 200-day moving average price is $46.52. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The company has a market cap of $18.99 billion, a PE ratio of 43.78 and a beta of 2.29. Amkor Technology has a 52-week low of $17.79 and a 52-week high of $79.23.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.10. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The business's quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. As a group, analysts anticipate that Amkor Technology will post 2.08 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were paid a $0.0835 dividend. This represents a $0.33 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, March 12th. Amkor Technology's dividend payout ratio is 18.86%.

About Amkor Technology

Amkor Technology, Inc NASDAQ: AMKR is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.

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