Amkor Technology, Inc. (NASDAQ:AMKR) Receives $28.00 Average PT from Brokerages

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) has received a consensus rating of "Hold" from the nine research firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $28.00.

A number of equities analysts recently commented on AMKR shares. B. Riley lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 21st. KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. Needham & Company LLC decreased their target price on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley decreased their target price 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. Finally, DA Davidson decreased their target price on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th.

Amkor Technology Trading Up 1.3%

NASDAQ AMKR traded up $0.24 during trading hours on Friday, hitting $18.72. The company's stock had a trading volume of 1,675,109 shares, compared to its average volume of 1,837,858. The stock has a fifty day moving average of $17.70 and a 200 day moving average of $21.99. Amkor Technology has a twelve month low of $14.03 and a twelve month high of $44.86. The firm has a market capitalization of $4.62 billion, a P/E ratio of 13.09 and a beta of 1.86. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22.

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

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, June 5th. Amkor Technology's payout ratio is currently 25.78%.

Hedge Funds Weigh In On Amkor Technology

A number of hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Amkor Technology in the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Amkor Technology during the first quarter worth $27,000. UMB Bank n.a. boosted its stake in shares of Amkor Technology by 677.0% during the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 1,530 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 1,160 shares during the period. Finally, Allworth Financial LP lifted its stake in Amkor Technology by 166.3% in the first quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 1,357 shares during the period. Institutional investors own 42.76% of the company's stock.

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.