Amkor Technology (NASDAQ:AMKR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Amkor Technology (NASDAQ:AMKR) from a hold rating to a buy rating in a report released on Tuesday morning.

A number of other equities analysts have also recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. began coverage on Amkor Technology in a research note on Monday, July 1st. They issued an “overweight” rating and a $48.00 price objective on the stock. B. Riley boosted their price target on Amkor Technology from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Needham & Company LLC lifted their target price on shares of Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, KeyCorp began coverage on shares of Amkor Technology in a report on Friday, September 20th. They issued an “overweight” rating and a $38.00 price target for the company. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.75.

Amkor Technology Stock Performance

Shares of NASDAQ AMKR opened at $30.53 on Tuesday. Amkor Technology has a one year low of $17.58 and a one year high of $44.86. The business’s 50-day moving average price is $31.02 and its two-hundred day moving average price is $33.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.08 and a quick ratio of 1.83. The company has a market capitalization of $7.50 billion, a P/E ratio of 20.09 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the company earned $0.26 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. Analysts anticipate that Amkor Technology will post 1.55 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were paid a $0.079 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.04%. Amkor Technology’s payout ratio is 20.39%.

Insider Buying and Selling

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the transaction, the chief executive officer now owns 204,971 shares in the company, valued at approximately $6,458,636.21. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the sale, the director now owns 19,871 shares in the company, valued at approximately $655,146.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the transaction, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at approximately $6,458,636.21. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Amkor Technology

Large investors have recently bought and sold shares of the stock. 1620 Investment Advisors Inc. bought a new position in Amkor Technology during the 2nd quarter valued at approximately $31,000. Ashton Thomas Private Wealth LLC purchased a new position in Amkor Technology during the second quarter valued at $40,000. Larson Financial Group LLC grew its position in shares of Amkor Technology by 911.3% in the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock worth $50,000 after buying an additional 1,130 shares during the period. Rothschild Investment LLC purchased a new position in Amkor Technology during the 2nd quarter valued at about $52,000. Finally, Headlands Technologies LLC bought a new stake in Amkor Technology during the first quarter worth about $43,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

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.