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

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have earned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $31.50.

Several brokerages have recently weighed in on AMKR. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and decreased their price target for the company from $34.00 to $30.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. KeyCorp decreased their target price on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Melius Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, 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.

Institutional Investors Weigh In On Amkor Technology

A number of hedge funds have recently added to or reduced their stakes in AMKR. Pacer Advisors Inc. grew its stake in Amkor Technology by 24,383.3% in the third quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company’s stock valued at $115,899,000 after acquiring an additional 3,772,095 shares during the period. Ceredex Value Advisors LLC bought a new position in shares of Amkor Technology in the third quarter valued at approximately $42,610,000. Norges Bank bought a new position in shares of Amkor Technology in the fourth quarter valued at approximately $32,479,000. Vanguard Group Inc. lifted its holdings in shares of Amkor Technology by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company’s stock valued at $402,414,000 after purchasing an additional 1,092,002 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Amkor Technology by 522.0% in the third quarter. Wellington Management Group LLP now owns 1,134,106 shares of the semiconductor company’s stock valued at $34,704,000 after purchasing an additional 951,764 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Price Performance

Amkor Technology stock opened at $22.72 on Thursday. The company has a market capitalization of $5.60 billion, a PE ratio of 15.89 and a beta of 1.81. The stock has a 50-day moving average price of $25.15 and a two-hundred day moving average price of $27.83. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. Amkor Technology has a 12 month low of $21.46 and a 12 month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating 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%. Analysts expect that Amkor Technology will post 1.47 EPS for the current year.

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.