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

Amkor Technology, Inc. (NASDAQ:AMKR) has been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $12.67.

A number of research firms recently weighed in on AMKR. Credit Suisse Group raised shares of Amkor Technology from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $8.20 to $15.00 in a research report on Tuesday, October 29th. Zacks Investment Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Tuesday, October 22nd. BidaskClub raised shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 5th. ValuEngine cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, TheStreet raised shares of Amkor Technology from a “c+” rating to a “b-” rating in a research report on Tuesday, October 29th.

Shares of NASDAQ:AMKR traded down $0.31 during mid-day trading on Wednesday, reaching $11.78. 1,188,463 shares of the company were exchanged, compared to its average volume of 980,337. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.68 and a quick ratio of 1.46. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 22.24 and a beta of 1.99. The firm’s 50-day simple moving average is $11.79 and its 200 day simple moving average is $9.02. Amkor Technology has a 1 year low of $5.74 and a 1 year high of $15.24.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.15. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Amkor Technology had a net margin of 1.26% and a return on equity of 3.51%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. On average, research analysts forecast that Amkor Technology will post 0.4 earnings per share for the current fiscal year.

In other news, Director Roger Anthony Carolin sold 40,400 shares of Amkor Technology stock in a transaction on Monday, November 18th. The shares were sold at an average price of $12.33, for a total transaction of $498,132.00. Also, EVP John Charles Stone sold 37,352 shares of Amkor Technology stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $13.44, for a total transaction of $502,010.88. Following the sale, the executive vice president now directly owns 62,368 shares of the company’s stock, valued at $838,225.92. The disclosure for this sale can be found here. Insiders sold a total of 129,752 shares of company stock valued at $1,669,383 in the last three months. 59.60% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. JS Capital Management LLC purchased a new stake in shares of Amkor Technology during the 3rd quarter worth $320,000. Metropolitan Life Insurance Co NY lifted its position in shares of Amkor Technology by 5.4% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 30,887 shares of the semiconductor company’s stock worth $281,000 after purchasing an additional 1,589 shares during the last quarter. Millennium Management LLC lifted its position in shares of Amkor Technology by 52.9% during the 3rd quarter. Millennium Management LLC now owns 318,437 shares of the semiconductor company’s stock worth $2,897,000 after purchasing an additional 110,132 shares during the last quarter. Man Group plc lifted its position in shares of Amkor Technology by 314.6% during the 3rd quarter. Man Group plc now owns 731,058 shares of the semiconductor company’s stock worth $6,652,000 after purchasing an additional 554,734 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Amkor Technology by 222.2% during the 3rd quarter. Squarepoint Ops LLC now owns 508,419 shares of the semiconductor company’s stock worth $4,627,000 after purchasing an additional 350,641 shares during the last quarter. 36.77% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Company Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.

Further Reading: Oversold

Receive News & Ratings for Amkor Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amkor Technology and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit