B. Riley Boosts Amkor Technology (NASDAQ:AMKR) Price Target to $50.00

Amkor Technology (NASDAQ:AMKR) had its price target lifted by B. Riley from $45.00 to $50.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other equities analysts have also issued reports about the stock. Needham & Company LLC restated a buy rating and issued a $40.00 price objective on shares of Amkor Technology in a report on Tuesday, April 30th. The Goldman Sachs Group increased their target price on shares of Amkor Technology from $32.00 to $36.00 and gave the stock a neutral rating in a report on Wednesday, May 1st. DA Davidson increased their target price on shares of Amkor Technology from $35.00 to $40.00 and gave the stock a buy rating in a report on Tuesday, April 30th. Fox Advisors initiated coverage on shares of Amkor Technology in a report on Thursday, March 14th. They issued an equal weight rating on the stock. Finally, Morgan Stanley increased their target price on shares of Amkor Technology from $32.00 to $34.00 and gave the stock an equal weight rating in a report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $38.50.

Amkor Technology Price Performance

Shares of AMKR stock opened at $39.38 on Thursday. Amkor Technology has a 1 year low of $17.58 and a 1 year high of $40.58. The firm’s 50 day moving average is $32.80 and its 200-day moving average is $32.11. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of 25.91 and a beta of 1.84. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.26.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.13. Amkor Technology had a net margin of 5.84% and a return on equity of 9.53%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business posted $0.18 earnings per share. Amkor Technology’s revenue was down 7.2% compared to the same quarter last year. Sell-side analysts forecast that Amkor Technology will post 1.78 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Tuesday, June 4th. Amkor Technology’s dividend payout ratio is 20.39%.

Insider Transactions at Amkor Technology

In related news, EVP Mark N. Rogers sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $31.30, for a total value of $156,500.00. Following the completion of the transaction, the executive vice president now owns 25,280 shares of the company’s stock, valued at $791,264. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Gil C. Tily sold 20,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $32.20, for a total value of $644,000.00. Following the completion of the transaction, the director now owns 129,218 shares of the company’s stock, valued at $4,160,819.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $31.30, for a total transaction of $156,500.00. Following the completion of the sale, the executive vice president now owns 25,280 shares of the company’s stock, valued at approximately $791,264. The disclosure for this sale can be found here. Insiders sold 75,000 shares of company stock valued at $2,414,000 over the last quarter. Corporate insiders own 31.40% of the company’s stock.

Institutional Trading of Amkor Technology

A number of large investors have recently added to or reduced their stakes in AMKR. Allworth Financial LP lifted its stake in Amkor Technology by 1,324.6% in the fourth quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 755 shares during the last quarter. Pineridge Advisors LLC acquired a new stake in Amkor Technology in the fourth quarter valued at $28,000. Fifth Third Bancorp lifted its stake in Amkor Technology by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 347 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Amkor Technology by 1,414.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 806 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Amkor Technology in the first quarter valued at $43,000. 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.