The Goldman Sachs Group Begins Coverage on Amkor Technology (NASDAQ:AMKR)

Analysts at The Goldman Sachs Group initiated coverage on shares of Amkor Technology (NASDAQ:AMKR - Get Free Report) in a report released on Thursday,Benzinga reports. The brokerage set a "neutral" rating and a $20.00 price target on the semiconductor company's stock. The Goldman Sachs Group's price target would indicate a potential downside of 9.34% from the stock's previous close.

AMKR has been the subject of a number of other reports. KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. JPMorgan Chase & Co. decreased their target price on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. Needham & Company LLC dropped their price target on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley cut 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. Finally, B. Riley cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Amkor Technology has an average rating of "Hold" and a consensus target price of $26.50.

Amkor Technology Stock Down 0.2%

Shares of NASDAQ AMKR opened at $22.06 on Thursday. The stock has a market cap of $5.45 billion, a P/E ratio of 17.23 and a beta of 1.85. 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 12-month low of $14.03 and a 12-month high of $44.86. The business's fifty day simple moving average is $19.73 and its 200-day simple moving average is $20.85.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the business posted $0.24 EPS. The business's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts predict that Amkor Technology will post 1.47 EPS for the current fiscal year.

Institutional Trading of Amkor Technology

A number of large investors have recently bought and sold shares of AMKR. Vanguard Group Inc. increased its stake in Amkor Technology by 2.3% in the first quarter. Vanguard Group Inc. now owns 16,025,236 shares of the semiconductor company's stock valued at $289,416,000 after purchasing an additional 361,010 shares during the period. Dimensional Fund Advisors LP increased its position in Amkor Technology by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 13,398,430 shares of the semiconductor company's stock valued at $241,980,000 after acquiring an additional 365,975 shares during the period. First Trust Advisors LP raised its stake in Amkor Technology by 7.9% during the 4th quarter. First Trust Advisors LP now owns 4,778,790 shares of the semiconductor company's stock valued at $122,767,000 after acquiring an additional 350,809 shares during the last quarter. Alliancebernstein L.P. lifted its position in Amkor Technology by 15.8% during the 4th quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company's stock worth $104,853,000 after acquiring an additional 556,761 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Amkor Technology by 8.4% in the 1st quarter. American Century Companies Inc. now owns 2,937,593 shares of the semiconductor company's stock valued at $53,053,000 after purchasing an additional 228,591 shares during the last quarter. 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.

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