Analysts Set Amkor Technology, Inc. (NASDAQ:AMKR) PT at $39.14

Amkor Technology, Inc. (NASDAQ:AMKR) has received a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $39.1429.

A number of brokerages have recently weighed in on AMKR. UBS Group downgraded Amkor Technology from a “buy” rating to a “neutral” rating and boosted their price target for the company from $38.00 to $55.00 in a report on Monday, January 12th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Amkor Technology in a report on Friday, January 9th. JPMorgan Chase & Co. increased their target price on shares of Amkor Technology from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a report on Wednesday, January 21st.

Insider Buying and Selling at Amkor Technology

In related news, Director Guillaume Marie Jean Rutten sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $53.14, for a total value of $531,400.00. Following the sale, the director owned 335,391 shares of the company’s stock, valued at approximately $17,822,677.74. This trade represents a 2.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gil C. Tily sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $46.44, for a total value of $928,800.00. Following the transaction, the director owned 123,806 shares of the company’s stock, valued at $5,749,550.64. This represents a 13.91% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 96,000 shares of company stock worth $4,085,910. Corporate insiders own 26.90% of the company’s stock.

Institutional Trading of Amkor Technology

A number of large investors have recently modified their holdings of AMKR. Signaturefd LLC boosted its stake in Amkor Technology by 11.3% during the 4th quarter. Signaturefd LLC now owns 2,644 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 269 shares during the period. Bessemer Group Inc. increased its stake in shares of Amkor Technology by 72.1% in the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 391 shares during the period. IFP Advisors Inc raised its holdings in shares of Amkor Technology by 91.2% during the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 447 shares during the last quarter. Allworth Financial LP boosted its position in shares of Amkor Technology by 21.5% during the second quarter. Allworth Financial LP now owns 2,640 shares of the semiconductor company’s stock worth $55,000 after buying an additional 467 shares during the period. Finally, Vest Financial LLC boosted its position in shares of Amkor Technology by 6.8% during the fourth quarter. Vest Financial LLC now owns 7,777 shares of the semiconductor company’s stock worth $307,000 after buying an additional 493 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Trading Down 3.3%

Shares of NASDAQ AMKR opened at $48.33 on Thursday. The stock’s 50 day moving average price is $44.52 and its two-hundred day moving average price is $33.49. Amkor Technology has a 52-week low of $14.03 and a 52-week high of $55.17. The stock has a market capitalization of $11.95 billion, a P/E ratio of 38.66 and a beta of 1.99. The company has a quick ratio of 1.60, a current ratio of 1.77 and a debt-to-equity ratio of 0.29.

Amkor Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were issued a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 3rd. Amkor Technology’s dividend payout ratio is currently 26.40%.

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.