Amkor Technology, Inc. (NASDAQ:AMKR) Receives $34.33 Consensus Price Target from Brokerages

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $34.33.

AMKR has been the subject of a number of recent analyst reports. Needham & Company LLC started coverage on Amkor Technology in a report on Tuesday, April 9th. They issued a "buy" rating and a $40.00 price objective for the company. Fox Advisors began coverage on Amkor Technology in a research note on Thursday, March 14th. They issued an "equal weight" rating for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Amkor Technology in a research note on Thursday, February 29th. They set a "neutral" rating and a $32.00 price objective on the stock.

Insider Activity at Amkor Technology

In other news, CFO Megan Faust sold 2,700 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $30.34, for a total transaction of $81,918.00. Following the completion of the transaction, the chief financial officer now owns 38,811 shares in the company, valued at approximately $1,177,525.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction on Friday, March 15th. The stock was sold at an average price of $31.23, for a total value of $780,750.00. Following the transaction, the chief executive officer now directly owns 124,476 shares in the company, valued at approximately $3,887,385.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Megan Faust sold 2,700 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $30.34, for a total value of $81,918.00. Following the sale, the chief financial officer now directly owns 38,811 shares of the company's stock, valued at $1,177,525.74. The disclosure for this sale can be found here. Insiders sold 80,500 shares of company stock valued at $2,494,720 over the last 90 days. 53.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amkor Technology

Institutional investors have recently bought and sold shares of the stock. Readystate Asset Management LP purchased a new position in Amkor Technology during the 4th quarter worth approximately $4,694,000. Trexquant Investment LP acquired a new position in Amkor Technology during the third quarter valued at $1,142,000. Invesco Ltd. lifted its stake in Amkor Technology by 12.3% in the 3rd quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company's stock worth $29,790,000 after acquiring an additional 144,280 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Amkor Technology in the 3rd quarter worth about $4,280,000. Finally, Vanguard Group Inc. boosted its position in Amkor Technology by 10.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company's stock worth $311,816,000 after acquiring an additional 1,300,745 shares during the period. Hedge funds and other institutional investors own 42.76% of the company's stock.

Amkor Technology Stock Performance

Shares of AMKR traded down $0.47 during midday trading on Friday, hitting $28.50. 1,225,339 shares of the stock traded hands, compared to its average volume of 925,567. The business's 50 day moving average price is $31.64 and its two-hundred day moving average price is $29.33. The firm has a market capitalization of $7.01 billion, a PE ratio of 19.52 and a beta of 1.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.02 and a current ratio of 2.31. Amkor Technology has a 1-year low of $17.58 and a 1-year high of $37.00.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the firm posted $0.67 EPS. Amkor Technology's quarterly revenue was down 8.1% compared to the same quarter last year. Equities research analysts predict that Amkor Technology will post 1.63 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were paid a $0.079 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Monday, March 11th. Amkor Technology's dividend payout ratio is presently 21.23%.

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.