Amkor Technology (NASDAQ:AMKR) Given “Sector Weight” Rating at KeyCorp

KeyCorp reiterated their sector weight rating on shares of Amkor Technology (NASDAQ:AMKR) in a research note issued to investors on Thursday, Marketbeat Ratings reports.

Other research analysts have also issued research reports about the stock. 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 research note on Tuesday, February 11th. JPMorgan Chase & Co. lowered their price target on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Morgan Stanley reduced their price objective on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price on shares of Amkor Technology in a research report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.50.

Amkor Technology Stock Performance

Shares of AMKR stock opened at $15.97 on Thursday. Amkor Technology has a 12-month low of $14.03 and a 12-month high of $44.86. The business’s fifty day simple moving average is $19.34 and its 200-day simple moving average is $24.25. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.95 billion, a PE ratio of 11.17 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR) last released 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 8.59% and a net margin of 5.60%. Analysts expect that Amkor Technology will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were given a dividend of $0.0827 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.33 annualized dividend and a dividend yield of 2.07%. Amkor Technology’s dividend payout ratio (DPR) is presently 23.08%.

Insiders Place Their Bets

In related news, major shareholder Agnes C. Kim sold 869,565 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the sale, the insider now directly owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. The trade was a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kevin Engel sold 5,489 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 1,388 shares in the company, valued at $30,105.72. The trade was a 79.82 % decrease in their position. The disclosure for this sale can be found here. 26.90% of the stock is owned by company insiders.

Institutional Trading of Amkor Technology

Hedge funds have recently bought and sold shares of the business. Mission Wealth Management LP purchased a new stake in shares of Amkor Technology in the first quarter valued at approximately $362,000. Hanson & Doremus Investment Management boosted its stake in Amkor Technology by 19.1% during the first quarter. Hanson & Doremus Investment Management now owns 34,041 shares of the semiconductor company’s stock worth $615,000 after buying an additional 5,466 shares during the last quarter. Palouse Capital Management Inc. boosted its stake in Amkor Technology by 52.2% during the first quarter. Palouse Capital Management Inc. now owns 4,010 shares of the semiconductor company’s stock worth $72,000 after buying an additional 1,375 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Amkor Technology by 22.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,963 shares of the semiconductor company’s stock valued at $379,000 after buying an additional 3,885 shares in the last quarter. Finally, Ulland Investment Advisors LLC increased its stake in shares of Amkor Technology by 97.2% in the 1st quarter. Ulland Investment Advisors LLC now owns 14,180 shares of the semiconductor company’s stock worth $256,000 after acquiring an additional 6,990 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

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.