Brokerages Set Amkor Technology, Inc. (NASDAQ:AMKR) Target Price at $31.50

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $31.50.

AMKR has been the topic of several recent analyst reports. B. Riley cut their price objective on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Melius downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating and dropped their target price for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC reissued a “buy” rating and set a $34.00 target price on shares of Amkor Technology in a research report on Tuesday, February 11th. Finally, Morgan Stanley dropped their target price on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th.

Insider Buying and Selling at Amkor Technology

In other news, major shareholder Agnes C. Kim sold 869,565 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the sale, the insider now owns 10,020,870 shares of the company’s stock, valued at approximately $218,956,009.50. This trade represents a 7.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total transaction of $119,056.41. Following the sale, the executive vice president now directly owns 1,388 shares of the company’s stock, valued at $30,105.72. The trade was a 79.82 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is owned by corporate insiders.

Institutional Trading of Amkor Technology

Hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Amkor Technology during the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp lifted its stake in Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 1,160 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Amkor Technology during the third quarter worth $39,000. Bessemer Group Inc. lifted its stake in Amkor Technology by 421.0% during the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 1,242 shares during the last quarter. Finally, Hurley Capital LLC bought a new position in Amkor Technology during the fourth quarter worth $43,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Trading Up 3.3 %

Shares of AMKR stock opened at $19.61 on Monday. The firm has a market cap of $4.84 billion, a P/E ratio of 13.71 and a beta of 1.88. Amkor Technology has a 1-year low of $18.87 and a 1-year high of $44.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The firm’s 50-day simple moving average is $23.32 and its 200-day simple moving average is $26.48.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. As a group, equities analysts forecast that Amkor Technology will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be given a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, March 13th. Amkor Technology’s dividend payout ratio (DPR) is 23.08%.

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.