Amkor Technology (NASDAQ:AMKR) Rating Reiterated by B. Riley

Amkor Technology (NASDAQ:AMKR - Get Free Report)'s stock had its "buy" rating reissued by research analysts at B. Riley in a research report issued on Tuesday, Benzinga reports. They presently have a $45.00 price target on the semiconductor company's stock, up from their prior price target of $43.00. B. Riley's price objective points to a potential upside of 39.10% from the stock's previous close.

AMKR has been the subject of several other reports. The Goldman Sachs Group assumed coverage on shares of Amkor Technology in a report on Thursday, February 29th. They issued a "neutral" rating and a $32.00 target price for the company. Fox Advisors began coverage on shares of Amkor Technology in a report on Thursday, March 14th. They set an "equal weight" rating on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price objective on shares of Amkor Technology in a report on Tuesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Amkor Technology presently has a consensus rating of "Moderate Buy" and an average target price of $37.00.

Amkor Technology Price Performance

NASDAQ AMKR traded up $0.88 during trading hours on Tuesday, reaching $32.35. The company's stock had a trading volume of 2,912,143 shares, compared to its average volume of 948,425. Amkor Technology has a 1-year low of $17.58 and a 1-year high of $37.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.31 and a quick ratio of 2.02. The company's 50-day moving average is $31.60 and its two-hundred day moving average is $29.73. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 22.16 and a beta of 1.96.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its earnings results on Monday, April 29th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.13. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. The firm's quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 earnings per share. On average, equities analysts predict that Amkor Technology will post 1.63 EPS for the current year.

Insider Transactions at Amkor Technology

In other news, CFO Megan Faust sold 2,700 shares of the company's stock in a transaction dated 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 approximately $1,177,525.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $30.34, for a total transaction of $81,918.00. Following the completion of the sale, the chief financial officer now owns 38,811 shares of the company's stock, valued at approximately $1,177,525.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $31.23, for a total transaction of $780,750.00. Following the completion of the transaction, the chief executive officer now owns 124,476 shares in the company, valued at $3,887,385.48. 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 three months. Company insiders own 31.40% of the company's stock.

Hedge Funds Weigh In On Amkor Technology

Several hedge funds and other institutional investors have recently modified their holdings of AMKR. SummerHaven Investment Management LLC raised its position in Amkor Technology by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 24,548 shares of the semiconductor company's stock valued at $817,000 after purchasing an additional 327 shares during the last quarter. Fifth Third Bancorp boosted its position in Amkor Technology by 65.8% during the 4th quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company's stock worth $29,000 after buying an additional 347 shares during the period. Retirement Systems of Alabama raised its stake in shares of Amkor Technology by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 129,277 shares of the semiconductor company's stock valued at $4,301,000 after acquiring an additional 413 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Amkor Technology by 1.4% during the third quarter. Arizona State Retirement System now owns 31,473 shares of the semiconductor company's stock worth $711,000 after purchasing an additional 428 shares during the period. Finally, Assetmark Inc. increased its holdings in Amkor Technology by 3.5% in the fourth quarter. Assetmark Inc. now owns 12,874 shares of the semiconductor company's stock valued at $428,000 after purchasing an additional 438 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.