Morgan Stanley Has Lowered Expectations for Amkor Technology (NASDAQ:AMKR) Stock Price

Amkor Technology (NASDAQ:AMKR) had its target price trimmed by Morgan Stanley from $26.00 to $24.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the semiconductor company’s stock.

AMKR has been the subject of a number of other reports. Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and reduced their price target for the stock from $34.00 to $30.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. decreased their price target on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. DA Davidson decreased their target price on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Finally, KeyCorp dropped their price target on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.50.

Amkor Technology Stock Performance

Shares of AMKR stock opened at $21.59 on Tuesday. Amkor Technology has a 12-month low of $21.59 and a 12-month high of $44.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 14.59 and a beta of 1.81. The business has a 50 day simple moving average of $25.62 and a 200 day simple moving average of $28.20.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. On average, equities research analysts anticipate that Amkor Technology will post 1.38 EPS for the current year.

Institutional Trading of Amkor Technology

A number of hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Amkor Technology during the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp grew its position in Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 1,160 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Amkor Technology during the 3rd quarter valued at $39,000. Larson Financial Group LLC lifted its holdings in shares of Amkor Technology by 46.3% in the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 580 shares in the last quarter. Finally, Ulland Investment Advisors LLC acquired a new stake in shares of Amkor Technology in the third quarter worth $82,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

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.