Amkor Technology (NASDAQ:AMKR) PT Raised to $34.00

Amkor Technology (NASDAQ:AMKRFree Report) had its price objective lifted by Morgan Stanley from $32.00 to $34.00 in a report released on Tuesday, Benzinga reports. They currently have an equal weight rating on the semiconductor company’s stock.

A number of other research firms have also commented on AMKR. DA Davidson upped their price target on Amkor Technology from $35.00 to $40.00 and gave the company a buy rating in a research report on Tuesday. The Goldman Sachs Group assumed coverage on Amkor Technology in a research report on Thursday, February 29th. They set a neutral rating and a $32.00 target price on the stock. Fox Advisors assumed coverage on Amkor Technology in a research report on Thursday, March 14th. They set an equal weight rating on the stock. Needham & Company LLC restated a buy rating and set a $40.00 target price on shares of Amkor Technology in a research report on Tuesday. Finally, B. Riley restated a buy rating and set a $45.00 target price (up previously from $43.00) on shares of Amkor Technology in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $37.67.

Get Our Latest Stock Report on Amkor Technology

Amkor Technology Trading Up 4.4 %

Shares of AMKR stock opened at $31.66 on Tuesday. The stock’s fifty day simple moving average is $31.66 and its 200 day simple moving average is $29.80. Amkor Technology has a twelve month low of $17.58 and a twelve month high of $37.00. The firm has a market capitalization of $7.78 billion, a P/E ratio of 20.83 and a beta of 1.94. The company has a quick ratio of 2.02, a current ratio of 2.34 and a debt-to-equity ratio of 0.26.

Amkor Technology (NASDAQ:AMKRGet Free Report) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $0.18 EPS. The business’s revenue was down 7.2% on a year-over-year basis. As a group, sell-side analysts predict that Amkor Technology will post 1.63 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were paid a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Monday, March 11th. Amkor Technology’s dividend payout ratio (DPR) is currently 20.39%.

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $31.17, for a total transaction of $779,250.00. Following the transaction, the chief executive officer now directly owns 114,476 shares of the company’s stock, valued at approximately $3,568,216.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Megan Faust sold 2,800 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $31.09, for a total value of $87,052.00. Following the completion of the sale, the chief financial officer now directly owns 53,023 shares of the company’s stock, valued at $1,648,485.07. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $31.17, for a total value of $779,250.00. Following the sale, the chief executive officer now directly owns 114,476 shares of the company’s stock, valued at $3,568,216.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,500 shares of company stock valued at $2,494,720. 31.40% of the stock is owned by company insiders.

Institutional Trading of Amkor Technology

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of Amkor Technology by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,860,585 shares of the semiconductor company’s stock valued at $494,421,000 after acquiring an additional 244,026 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Amkor Technology by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 14,756,992 shares of the semiconductor company’s stock valued at $490,965,000 after acquiring an additional 959,838 shares during the last quarter. SW Investment Management LLC increased its position in shares of Amkor Technology by 9.3% during the third quarter. SW Investment Management LLC now owns 2,350,000 shares of the semiconductor company’s stock valued at $53,110,000 after acquiring an additional 200,000 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Amkor Technology by 39.3% during the third quarter. AQR Capital Management LLC now owns 1,939,583 shares of the semiconductor company’s stock valued at $43,835,000 after acquiring an additional 547,604 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Amkor Technology by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,852,309 shares of the semiconductor company’s stock valued at $61,626,000 after purchasing an additional 141,725 shares during the period. 42.76% of the stock is owned by hedge funds and other institutional investors.

About Amkor Technology

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Amkor Technology (NASDAQ:AMKR)

Receive News & Ratings for Amkor Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amkor Technology and related companies with MarketBeat.com's FREE daily email newsletter.