Amkor Technology, Inc. (NASDAQ:AMKR) Receives Consensus Rating of “Moderate Buy” from Analysts

Amkor Technology, Inc. (NASDAQ:AMKR) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $35.50.

Several equities analysts have recently commented on AMKR shares. Melius lowered Amkor Technology from a “buy” rating to a “hold” rating and cut their price target for the company from $34.00 to $30.00 in a research note on Monday, January 6th. Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. KeyCorp lowered their price target on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. StockNews.com downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group lowered their target price on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th.

Amkor Technology Trading Down 0.8 %

AMKR stock opened at $25.69 on Friday. Amkor Technology has a 12 month low of $24.10 and a 12 month high of $44.86. The firm’s 50-day moving average is $26.12 and its 200 day moving average is $29.72. The company has a market capitalization of $6.34 billion, a PE ratio of 17.36 and a beta of 1.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm posted $0.54 EPS. The business’s revenue was up 2.2% on a year-over-year basis. On average, research analysts anticipate that Amkor Technology will post 1.38 EPS for the current year.

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th were given a dividend of $0.0827 per share. The ex-dividend date was Wednesday, December 4th. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a yield of 1.29%. Amkor Technology’s dividend payout ratio (DPR) is currently 22.30%.

Institutional Investors Weigh In On Amkor Technology

Several hedge funds have recently bought and sold shares of AMKR. Envestnet Asset Management Inc. raised its position in shares of Amkor Technology by 13.6% in the second quarter. Envestnet Asset Management Inc. now owns 431,233 shares of the semiconductor company’s stock worth $17,258,000 after acquiring an additional 51,711 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Amkor Technology by 10.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 152,393 shares of the semiconductor company’s stock valued at $6,099,000 after buying an additional 14,012 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Amkor Technology by 2,001.4% during the 2nd quarter. Renaissance Technologies LLC now owns 151,300 shares of the semiconductor company’s stock worth $6,055,000 after buying an additional 144,100 shares during the period. Amalgamated Bank grew its stake in Amkor Technology by 22.1% in the 2nd quarter. Amalgamated Bank now owns 66,467 shares of the semiconductor company’s stock valued at $2,660,000 after acquiring an additional 12,018 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Amkor Technology by 12.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,474 shares of the semiconductor company’s stock valued at $737,000 after acquiring an additional 2,058 shares during the period. 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.