B. Riley Issues Positive Forecast for Amkor Technology (NASDAQ:AMKR) Stock Price

Amkor Technology (NASDAQ:AMKR) had its price objective boosted by B. Riley from $18.00 to $24.00 in a report issued on Tuesday,Benzinga reports. B. Riley currently has a neutral rating on the semiconductor company’s stock.

A number of other research firms also recently weighed in on AMKR. Morgan Stanley set a $20.00 price target on shares of Amkor Technology and gave the company an “equal weight” rating in a research note on Tuesday. The Goldman Sachs Group started coverage on shares of Amkor Technology in a research note on Thursday, July 10th. They issued a “neutral” rating and a $20.00 price objective for the company. DA Davidson decreased their price target on shares of Amkor Technology from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. UBS Group boosted their price target on shares of Amkor Technology from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Amkor Technology from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.44.

Amkor Technology Trading Up 18.1%

Shares of Amkor Technology stock opened at $25.08 on Tuesday. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 20.39 and a beta of 1.85. The company has a quick ratio of 1.83, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. Amkor Technology has a 12-month low of $14.03 and a 12-month high of $35.85. The firm’s 50-day moving average price is $20.57 and its two-hundred day moving average price is $20.39.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. Amkor Technology had a net margin of 4.80% and a return on equity of 7.25%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the company posted $0.27 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, analysts forecast that Amkor Technology will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were issued a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, June 5th. Amkor Technology’s dividend payout ratio (DPR) is presently 26.83%.

Institutional Investors Weigh In On Amkor Technology

A number of institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Amkor Technology during the first quarter valued at approximately $27,000. Bessemer Group Inc. grew its holdings in shares of Amkor Technology by 421.0% in the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 1,242 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Amkor Technology by 416.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 1,292 shares during the last quarter. Hurley Capital LLC bought a new position in shares of Amkor Technology in the fourth quarter worth approximately $43,000. Finally, UMB Bank n.a. boosted its holdings in Amkor Technology by 677.0% in the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 1,530 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Company Profile

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.