Amkor Technology, Inc. (NASDAQ:AMKR) Receives Average Rating of "Hold" from Brokerages

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) has been given a consensus rating of "Hold" by the nine ratings firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $28.00.

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley dropped their price target on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a research note on Thursday, April 17th. DA Davidson dropped their price target 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. Finally, B. Riley cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st.

Institutional Trading of Amkor Technology

Institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Amkor Technology during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Amkor Technology during the 1st quarter valued at about $27,000. UMB Bank n.a. boosted 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. Jones Financial Companies Lllp boosted its holdings in shares of Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 1,160 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Amkor Technology by 166.3% in the 1st quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 1,357 shares during the period. Hedge funds and other institutional investors own 42.76% of the company's stock.

Amkor Technology Trading Down 1.0%

NASDAQ AMKR traded down $0.20 during trading on Wednesday, hitting $20.16. The company had a trading volume of 2,423,209 shares, compared to its average volume of 1,867,111. The company has a current ratio of 2.06, a quick ratio of 1.83 and a debt-to-equity ratio of 0.22. Amkor Technology has a one year low of $14.03 and a one year high of $44.86. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 15.75 and a beta of 1.83. The company's fifty day moving average is $18.50 and its 200-day moving average is $21.24.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Amkor Technology had a net margin of 5.04% and a return on equity of 7.60%. 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 prior year, the business earned $0.24 EPS. The company's revenue for the quarter was down 3.2% on a year-over-year basis. On average, sell-side analysts predict that Amkor Technology will post 1.47 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, June 5th. Amkor Technology's payout ratio is presently 25.78%.

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.