Amkor Technology, Inc. (NASDAQ:AMKR) Stock Now Rated “Hold” by Wall Street Brokerages

Amkor Technology, Inc. (NASDAQ:AMKR) has received an average recommendation of “Hold” from the eleven analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $62.50.

A number of research analysts recently issued reports on AMKR shares. Weiss Ratings lowered shares of Amkor Technology from a “hold (c+)” rating to a “sell (d+)” rating in a research note on Wednesday, October 28th. The Goldman Sachs Group set a $56.00 price objective on shares of Amkor Technology in a research report on Tuesday, October 27th. UBS Group raised Amkor Technology from a “neutral” rating to a “buy” rating and upped their target price for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. Bank of America started coverage on shares of Amkor Technology in a report on Thursday, August 27th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Morgan Stanley cut their price target on shares of Amkor Technology from $70.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 27th.

Insiders Place Their Bets

In other news, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction on Monday, August 17th. The stock was sold at an average price of $59.78, for a total transaction of $298,900.00. Following the transaction, the executive vice president owned 38,904 shares in the company, valued at approximately $2,325,681.12. The trade was a 11.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Megan Faust sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $46.92, for a total value of $46,920.00. Following the completion of the transaction, the chief financial officer directly owned 133,105 shares of the company’s stock, valued at approximately $6,245,286.60. This trade represents a 0.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 13,000 shares of company stock worth $724,320. Corporate insiders own 26.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Amkor Technology during the second quarter valued at about $1,060,005,000. Jefferies Financial Group Inc. purchased a new position in shares of Amkor Technology during the second quarter valued at approximately $13,491,000. Public Employees Retirement System of Ohio bought a new stake in shares of Amkor Technology in the 2nd quarter valued at about $3,575,000. Vontobel Holding Ltd. purchased a new position in Amkor Technology during the third quarter valued at approximately $3,339,000. Finally, Corient Private Wealth LP increased its stake in shares of Amkor Technology by 142.7% in the 2nd quarter. Corient Private Wealth LP now owns 158,037 shares of the semiconductor company’s stock worth $13,628,000 after acquiring an additional 92,929 shares during the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Trading Up 7.6%

Shares of NASDAQ AMKR opened at $32.82 on Friday. The business’s 50 day moving average price is $46.50 and its 200-day moving average price is $56.70. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 0.46 and a beta of 2.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.89 and a current ratio of 2.17. Amkor Technology has a fifty-two week low of $29.76 and a fifty-two week high of $96.68.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, October 26th. The semiconductor company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Amkor Technology had a return on equity of 13.32% and a net margin of 8.30%. Amkor Technology’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. On average, sell-side analysts expect that Amkor Technology will post 2.50 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd were paid a $0.0835 dividend. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $0.33 annualized dividend and a dividend yield of 1.0%. Amkor Technology’s dividend payout ratio (DPR) is presently 13.31%.

About Amkor Technology

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The company helps semiconductor manufacturers and electronics companies assemble, package and test integrated circuits before they are incorporated into finished electronic products.

Amkor’s services include wafer bumping, wafer-level packaging, flip-chip packaging, system-in-package solutions, fan-out packaging, leadframe and laminate-based packaging, and semiconductor testing. Its products and services support applications including mobile and consumer electronics, communications, automotive, computing, industrial equipment, and memory devices.

Founded in 1968, Amkor has grown into a global semiconductor supply-chain partner with manufacturing and testing operations across regions including Asia, Europe and the United States.