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

Amkor Technology, Inc. (NASDAQ:AMKR) has received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $35.50.

A number of research analysts have weighed in on AMKR shares. Needham & Company LLC decreased their target price on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. JPMorgan Chase & Co. dropped their target price on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Melius lowered 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 report on Monday, January 6th. KeyCorp dropped their price objective on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Melius Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th.

Amkor Technology Stock Performance

Shares of NASDAQ:AMKR opened at $25.69 on Friday. 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 has a 1 year low of $24.10 and a 1 year high of $44.86. The firm has a market capitalization of $6.34 billion, a PE ratio of 17.36 and a beta of 1.83. The business’s 50 day moving average price is $26.12 and its 200-day moving average price is $29.72.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. Amkor Technology’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 EPS. As a group, equities research analysts expect that Amkor Technology will post 1.38 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Highland Capital Management LLC raised its holdings in shares of Amkor Technology by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 482 shares during the period. KBC Group NV increased its stake in Amkor Technology by 1.8% during the fourth quarter. KBC Group NV now owns 103,870 shares of the semiconductor company’s stock worth $2,668,000 after purchasing an additional 1,855 shares during the period. Blue Trust Inc. lifted its position in shares of Amkor Technology by 36.9% during the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 922 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Amkor Technology by 16.0% in the fourth quarter. Inspire Investing LLC now owns 15,642 shares of the semiconductor company’s stock valued at $402,000 after purchasing an additional 2,163 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Amkor Technology by 4.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 33,925 shares of the semiconductor company’s stock valued at $872,000 after purchasing an additional 1,456 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

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.