Amkor Technology, Inc. (NASDAQ:AMKR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $39.1429.

Several research analysts recently issued reports on AMKR shares. Zacks Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Wall Street Zen downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. B. Riley lifted their price objective on Amkor Technology from $29.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Needham & Company LLC upped their target price on Amkor Technology from $37.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 5th. Finally, UBS Group cut Amkor Technology from a “buy” rating to a “neutral” rating and lifted their price target for the company from $38.00 to $55.00 in a research report on Monday, January 12th.

Amkor Technology Trading Down 0.3%

NASDAQ:AMKR opened at $48.20 on Thursday. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 38.56 and a beta of 2.00. Amkor Technology has a 52 week low of $14.03 and a 52 week high of $55.17. The company has a quick ratio of 1.60, a current ratio of 1.77 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $44.82 and a 200 day moving average of $33.77.

Amkor Technology Increases Dividend

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

Insider Transactions at Amkor Technology

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $31.68, for a total value of $316,800.00. Following the sale, the chief executive officer directly owned 346,699 shares of the company’s stock, valued at $10,983,424.32. The trade was a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maryfrances Mccourt sold 20,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $46.02, for a total transaction of $920,400.00. Following the completion of the sale, the director owned 55,918 shares of the company’s stock, valued at $2,573,346.36. This trade represents a 26.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 96,000 shares of company stock worth $4,085,910 in the last three months. 26.90% of the stock is owned by corporate insiders.

Institutional Trading of Amkor Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Amkor Technology by 100.6% in the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock valued at $349,000 after buying an additional 3,454,012 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Amkor Technology by 305.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock worth $44,719,000 after acquiring an additional 1,186,313 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Amkor Technology by 38.3% in the 2nd quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock valued at $74,541,000 after purchasing an additional 985,727 shares during the last quarter. American Century Companies Inc. increased its position in shares of Amkor Technology by 30.0% in the 2nd quarter. American Century Companies Inc. now owns 3,818,331 shares of the semiconductor company’s stock valued at $80,147,000 after purchasing an additional 880,738 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Amkor Technology by 205.5% in the 4th quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company’s stock valued at $49,534,000 after purchasing an additional 843,983 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Company Profile

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.