Amkor Technology, Inc. (NASDAQ:AMKR) Given Consensus Recommendation of “Buy” by Analysts

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have received an average recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $12.67.

Several research firms recently issued reports on AMKR. Deutsche Bank raised their price target on Amkor Technology from $8.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Zacks Investment Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, October 22nd. Credit Suisse Group upgraded Amkor Technology from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $8.20 to $15.00 in a research report on Tuesday, October 29th. TheStreet upgraded Amkor Technology from a “c+” rating to a “b-” rating in a research report on Tuesday, October 29th. Finally, ValuEngine lowered Amkor Technology from a “hold” rating to a “sell” rating in a research report on Tuesday.

Shares of Amkor Technology stock traded up $0.41 during trading on Wednesday, hitting $12.15. 1,296,700 shares of the stock traded hands, compared to its average volume of 981,521. The company has a quick ratio of 1.46, a current ratio of 1.68 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 22.92 and a beta of 1.99. The firm’s fifty day moving average is $12.02 and its 200-day moving average is $9.14. Amkor Technology has a 52 week low of $5.74 and a 52 week high of $15.24.

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

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its stake in shares of Amkor Technology by 12.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 272,325 shares of the semiconductor company’s stock valued at $2,478,000 after purchasing an additional 30,388 shares during the period. California Public Employees Retirement System raised its stake in Amkor Technology by 11.2% during the third quarter. California Public Employees Retirement System now owns 483,387 shares of the semiconductor company’s stock valued at $4,399,000 after buying an additional 48,573 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Amkor Technology by 3.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,545,932 shares of the semiconductor company’s stock valued at $11,533,000 after buying an additional 45,553 shares during the last quarter. BlackRock Inc. raised its stake in Amkor Technology by 6.0% during the second quarter. BlackRock Inc. now owns 11,772,385 shares of the semiconductor company’s stock valued at $87,822,000 after buying an additional 661,741 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Amkor Technology by 8.5% during the second quarter. Bank of Montreal Can now owns 421,369 shares of the semiconductor company’s stock valued at $3,143,000 after buying an additional 33,109 shares during the last quarter. Institutional investors and hedge funds own 36.77% of the company’s stock.

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.

Read More: Is a Roth IRA right for you?

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.