Amkor Technology, Inc. (NASDAQ:AMKR)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank AG in a report released on Tuesday, August 1st. They presently have a $10.50 target price on the semiconductor company’s stock, down from their prior target price of $12.00. Deutsche Bank AG’s target price would indicate a potential upside of 20.21% from the stock’s previous close.
A number of other research firms have also issued reports on AMKR. TheStreet raised Amkor Technology from a “c” rating to a “b-” rating in a report on Tuesday, April 4th. Zacks Investment Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, May 2nd. ValuEngine upgraded Amkor Technology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $12.25.
Amkor Technology (AMKR) traded up 2.34% on Tuesday, reaching $8.73. 1,124,880 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $10.06 and a 200-day moving average price of $10.71. Amkor Technology has a 52 week low of $8.41 and a 52 week high of $12.48. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 7.88 and a beta of 2.52.
Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, July 31st. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. The business had revenue of $989 million for the quarter, compared to analyst estimates of $996.10 million. Amkor Technology had a return on equity of 12.95% and a net margin of 6.63%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 earnings per share. On average, analysts predict that Amkor Technology will post $0.54 earnings per share for the current year.
In other Amkor Technology news, insider Stephen Douglas Kelley sold 108,510 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $12.11, for a total transaction of $1,314,056.10. Following the sale, the insider now directly owns 310,460 shares in the company, valued at $3,759,670.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Winston J. Churchill sold 13,402 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $11.00, for a total value of $147,422.00. Following the sale, the director now owns 42,178 shares in the company, valued at $463,958. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,912 shares of company stock worth $1,581,978. Company insiders own 58.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Suntrust Banks Inc. increased its stake in Amkor Technology by 3.2% in the second quarter. Suntrust Banks Inc. now owns 19,633 shares of the semiconductor company’s stock worth $191,000 after buying an additional 600 shares during the last quarter. Vanguard Group Inc. increased its stake in Amkor Technology by 3.1% in the second quarter. Vanguard Group Inc. now owns 13,289,262 shares of the semiconductor company’s stock worth $129,836,000 after buying an additional 405,622 shares during the last quarter. Northern Trust Corp increased its stake in Amkor Technology by 2.0% in the second quarter. Northern Trust Corp now owns 3,199,932 shares of the semiconductor company’s stock worth $31,264,000 after buying an additional 63,265 shares during the last quarter. New York State Common Retirement Fund increased its stake in Amkor Technology by 187.7% in the second quarter. New York State Common Retirement Fund now owns 580,514 shares of the semiconductor company’s stock worth $5,672,000 after buying an additional 378,743 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new stake in Amkor Technology during the second quarter worth approximately $158,000. Institutional investors own 38.78% of the company’s stock.
Amkor Technology Company Profile
Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.
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