Amkor Technology, Inc. (NASDAQ:AMKR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $36.29.

AMKR has been the topic of a number of research reports. StockNews.com cut Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Morgan Stanley decreased their price target on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. The Goldman Sachs Group decreased their price target on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. KeyCorp decreased their price target on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Finally, Needham & Company LLC cut their price objective on Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th.

Amkor Technology Trading Down 1.6 %

AMKR opened at $26.54 on Friday. Amkor Technology has a one year low of $24.10 and a one year high of $44.86. The stock has a market capitalization of $6.55 billion, a PE ratio of 17.93 and a beta of 1.84. The business’s 50 day moving average price is $28.26 and its 200 day moving average price is $32.37. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities research analysts expect that Amkor Technology will post 1.42 EPS for the current year.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.0827 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.25%. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is currently 20.95%.

Insider Activity at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the transaction, the chief executive officer now owns 204,971 shares of the company’s stock, valued at $6,458,636.21. This represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 31.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amkor Technology

Large investors have recently bought and sold shares of the business. 1620 Investment Advisors Inc. purchased a new position in Amkor Technology in the second quarter valued at $31,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Amkor Technology during the second quarter worth about $40,000. Larson Financial Group LLC grew its holdings in shares of Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 1,130 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Amkor Technology during the third quarter worth about $39,000. Finally, Rothschild Investment LLC purchased a new position in shares of Amkor Technology during the second quarter worth about $52,000. Hedge funds and other institutional investors 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.