Amkor Technology, Inc. (NASDAQ:AMKR) Receives $28.00 Consensus Price Target from Analysts

Shares of Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) have been assigned a consensus rating of "Hold" from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $28.00.

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. KeyCorp restated a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. B. Riley lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. DA Davidson lowered their price objective on 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, Morgan Stanley reduced their price objective on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th.

Amkor Technology Price Performance

NASDAQ AMKR traded down $0.24 during trading hours on Friday, hitting $18.66. The company had a trading volume of 972,368 shares, compared to its average volume of 1,825,692. Amkor Technology has a 52 week low of $14.03 and a 52 week high of $44.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 13.05 and a beta of 1.86. The firm has a 50 day simple moving average of $17.74 and a 200 day simple moving average of $22.08.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $0.24 earnings per share. The firm's revenue was down 3.2% on a year-over-year basis. Equities research analysts expect that Amkor Technology will post 1.47 earnings per share for the current year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Thursday, June 5th. Amkor Technology's dividend payout ratio (DPR) is 25.78%.

Hedge Funds Weigh In On Amkor Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMKR. Acadian Asset Management LLC bought a new position in shares of Amkor Technology in the first quarter worth about $1,151,000. Focus Partners Wealth lifted its stake in shares of Amkor Technology by 22.2% during the first quarter. Focus Partners Wealth now owns 303,549 shares of the semiconductor company's stock valued at $5,482,000 after acquiring an additional 55,156 shares during the period. Bayforest Capital Ltd boosted its stake in Amkor Technology by 293.3% in the first quarter. Bayforest Capital Ltd now owns 9,338 shares of the semiconductor company's stock valued at $169,000 after acquiring an additional 6,964 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Amkor Technology by 9.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 334,547 shares of the semiconductor company's stock worth $6,042,000 after purchasing an additional 27,511 shares during the period. Finally, Aristeia Capital L.L.C. bought a new stake in Amkor Technology during the 1st quarter worth approximately $341,000. Institutional investors and hedge funds own 42.76% of the company's stock.

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.