Amkor Technology (NASDAQ:AMKR) Reaches New 1-Year Low – Time to Sell?

Amkor Technology, Inc. (NASDAQ:AMKR)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $18.30 and last traded at $18.39, with a volume of 961415 shares changing hands. The stock had previously closed at $19.36.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Melius downgraded Amkor Technology from a “buy” rating to a “hold” rating and lowered their price target for the company from $34.00 to $30.00 in a research report on Monday, January 6th. B. Riley cut their price target on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective on shares of Amkor Technology in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Amkor Technology has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Amkor Technology Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The firm has a market capitalization of $4.52 billion, a PE ratio of 12.80 and a beta of 1.88. The firm has a fifty day moving average price of $22.01 and a 200 day moving average price of $25.76.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. Research analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.33 annualized dividend and a yield of 1.81%. Amkor Technology’s dividend payout ratio (DPR) is presently 23.08%.

Insider Transactions at Amkor Technology

In other Amkor Technology news, EVP Kevin Engel sold 5,489 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the transaction, the executive vice president now owns 1,388 shares in the company, valued at approximately $30,105.72. This represents a 79.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction on Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the sale, the insider now directly owns 10,020,870 shares of the company’s stock, valued at $218,956,009.50. This trade represents a 7.98 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is owned by insiders.

Institutional Trading of Amkor Technology

A number of institutional investors and hedge funds have recently made changes to their positions in AMKR. Neo Ivy Capital Management acquired a new position in Amkor Technology during the third quarter valued at approximately $930,000. Geode Capital Management LLC boosted its holdings in shares of Amkor Technology by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock worth $64,101,000 after buying an additional 131,106 shares during the period. Covea Finance raised its holdings in Amkor Technology by 47.1% in the 4th quarter. Covea Finance now owns 62,500 shares of the semiconductor company’s stock worth $1,606,000 after acquiring an additional 20,000 shares during the period. Holocene Advisors LP bought a new stake in Amkor Technology during the third quarter valued at about $1,126,000. Finally, Petrus Trust Company LTA acquired a new stake in shares of Amkor Technology in the third quarter valued at about $606,000. Institutional investors and hedge funds 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.