Amkor Technology, Inc. (NASDAQ:AMKR) Given Average Rating of “Moderate Buy” by Brokerages

Amkor Technology, Inc. (NASDAQ:AMKR) has been given an average rating of “Moderate Buy” by the ten ratings firms 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 target price among brokerages that have issued ratings on the stock in the last year is $31.50.

A number of research firms have recently weighed in on AMKR. StockNews.com lowered Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. KeyCorp dropped their target price on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Melius Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Melius lowered Amkor Technology from a “buy” rating to a “hold” rating and dropped their target price for the company from $34.00 to $30.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their target price on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th.

Hedge Funds Weigh In On Amkor Technology

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Amkor Technology by 7.5% in the fourth 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 in the last quarter. First Trust Advisors LP boosted its stake in Amkor Technology by 7.9% in the fourth quarter. First Trust Advisors LP now owns 4,778,790 shares of the semiconductor company’s stock valued at $122,767,000 after acquiring an additional 350,809 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Amkor Technology by 15.8% in the fourth quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company’s stock valued at $104,853,000 after acquiring an additional 556,761 shares in the last quarter. Pacer Advisors Inc. boosted its stake in 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 acquiring an additional 3,772,095 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Amkor Technology by 5.6% during the third quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company’s stock worth $102,688,000 after buying an additional 176,528 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Stock Up 1.4 %

Amkor Technology stock opened at $22.51 on Thursday. Amkor Technology has a twelve month low of $21.46 and a twelve month high of $44.86. The stock’s fifty day simple moving average is $25.29 and its 200-day simple moving average is $27.90. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $5.55 billion, a P/E ratio of 15.21 and a beta of 1.81.

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

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.