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

Amkor Technology, Inc. (NASDAQ:AMKR) has received an average rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.50.

A number of analysts have recently issued reports on AMKR shares. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. KeyCorp cut their target price on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Needham & Company LLC restated a “buy” rating and set a $34.00 price target on shares of Amkor Technology in a report on Tuesday. Morgan Stanley cut their price objective on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, B. Riley reduced their price objective on Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $21.84 on Thursday. The company’s fifty day moving average is $25.53 and its two-hundred day moving average is $28.15. The company has a market cap of $5.39 billion, a P/E ratio of 14.76 and a beta of 1.81. Amkor Technology has a 12-month low of $21.46 and a 12-month high of $44.86. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. Equities analysts expect that Amkor Technology will post 1.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amkor Technology

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Amkor Technology by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company’s stock valued at $402,414,000 after acquiring an additional 1,092,002 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Amkor Technology by 15.8% during the fourth quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company’s stock valued at $104,853,000 after purchasing an additional 556,761 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Amkor Technology by 24,383.3% in the third quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company’s stock valued at $115,899,000 after purchasing an additional 3,772,095 shares during the period. State Street Corp raised its position in shares of Amkor Technology by 5.6% in the third quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company’s stock valued at $102,688,000 after purchasing an additional 176,528 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Amkor Technology by 24.4% in the fourth quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company’s stock worth $69,594,000 after buying an additional 530,771 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors.

About Amkor Technology

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.