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

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $31.50.

Several analysts have weighed in on the stock. Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. B. Riley dropped their price objective on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Melius downgraded Amkor Technology from a “buy” rating to a “hold” rating and decreased their target price for the company from $34.00 to $30.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. dropped their price target on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Finally, Morgan Stanley reduced their price objective on 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.

Amkor Technology Trading Down 11.1 %

AMKR opened at $15.99 on Friday. The stock has a market capitalization of $3.95 billion, a PE ratio of 11.18 and a beta of 1.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. Amkor Technology has a 12-month low of $14.03 and a 12-month high of $44.86. The firm’s fifty day moving average price is $20.14 and its 200 day moving average price is $24.70.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. As a group, research analysts expect that Amkor Technology will post 1.47 EPS for the current fiscal year.

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were paid a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 2.07%. The ex-dividend date was Thursday, March 13th. Amkor Technology’s payout ratio is currently 23.08%.

Insider Transactions at Amkor Technology

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Neo Ivy Capital Management bought a new stake in Amkor Technology in the third quarter worth about $930,000. Geode Capital Management LLC lifted its stake in Amkor Technology by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock valued at $64,101,000 after purchasing an additional 131,106 shares during the last quarter. Covea Finance lifted its stake in Amkor Technology by 47.1% during the fourth quarter. Covea Finance now owns 62,500 shares of the semiconductor company’s stock valued at $1,606,000 after purchasing an additional 20,000 shares during the last quarter. Holocene Advisors LP bought a new stake in Amkor Technology during the third quarter worth approximately $1,126,000. Finally, Raymond James Financial Inc. acquired a new position in Amkor Technology in the fourth quarter worth approximately $5,666,000. 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.