Morgan Stanley Has Lowered Expectations for Amkor Technology (NASDAQ:AMKR) Stock Price

Amkor Technology (NASDAQ:AMKR) had its price objective decreased by stock analysts at Morgan Stanley from $26.00 to $24.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s price target points to a potential downside of 1.48% from the stock’s previous close.

AMKR has been the topic of a number of other research reports. Melius lowered Amkor Technology from a “buy” rating to a “hold” rating and reduced their price target for the stock from $34.00 to $30.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. DA Davidson lowered their price target on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Melius Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Amkor Technology presently has an average rating of “Hold” and an average target price of $35.25.

Amkor Technology Trading Up 0.1 %

Amkor Technology stock opened at $24.36 on Tuesday. The stock has a 50-day moving average price of $25.73 and a 200 day moving average price of $28.31. Amkor Technology has a 52 week low of $23.33 and a 52 week high of $44.86. The stock has a market cap of $6.01 billion, a PE ratio of 16.46 and a beta of 1.81. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, topping 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%. Equities research analysts predict that Amkor Technology will post 1.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amkor Technology

Several large investors have recently made changes to their positions in AMKR. SBI Securities Co. Ltd. acquired a new position in shares of Amkor Technology during the 4th quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in Amkor Technology in the third quarter valued at about $39,000. Jones Financial Companies Lllp lifted its stake in shares of Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 1,160 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Amkor Technology by 46.3% in the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $56,000 after buying an additional 580 shares during the period. Finally, Ulland Investment Advisors LLC acquired a new stake in shares of Amkor Technology in the third quarter valued at about $82,000. Institutional investors and hedge funds 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.