JPMorgan Chase & Co. Cuts Amkor Technology (NASDAQ:AMKR) Price Target to $30.00

Amkor Technology (NASDAQ:AMKR) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $42.00 to $30.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 23.15% from the company’s current price.

A number of other equities analysts also recently issued reports on AMKR. Melius downgraded Amkor Technology from a “buy” rating to a “hold” rating and dropped their price target for the stock from $34.00 to $30.00 in a research note on Monday, January 6th. KeyCorp cut their price target 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. Morgan Stanley decreased their price target on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday. The Goldman Sachs Group lowered their price objective on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Finally, DA Davidson dropped their target price on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Amkor Technology presently has an average rating of “Hold” and a consensus target price of $33.75.

Amkor Technology Trading Up 0.1 %

Amkor Technology stock opened at $24.36 on Tuesday. The business’s fifty day moving average is $25.73 and its 200 day moving average is $28.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The stock has a market capitalization of $6.01 billion, a PE ratio of 16.46 and a beta of 1.81. Amkor Technology has a one year low of $23.33 and a one year high of $44.86.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. On average, sell-side analysts predict that Amkor Technology will post 1.38 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMKR. SBI Securities Co. Ltd. bought a new stake in shares of Amkor Technology in the 4th quarter valued at approximately $27,000. Jones Financial Companies Lllp lifted its position in Amkor Technology by 353.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after buying an additional 1,160 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Amkor Technology during the third quarter worth $39,000. Larson Financial Group LLC increased its position in Amkor Technology by 46.3% during the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after acquiring an additional 580 shares during the last quarter. Finally, Ulland Investment Advisors LLC purchased a new stake in shares of Amkor Technology in the third quarter valued at $82,000. Hedge funds and other institutional investors 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.