Amkor Technology, Inc. (NASDAQ:AMKR) Receives $7.75 Average Target Price from Analysts

Amkor Technology, Inc. (NASDAQ:AMKR) has been assigned an average rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $7.75.

Several research firms have recently commented on AMKR. BidaskClub raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating and set a $9.25 target price for the company in a report on Tuesday, May 7th. ValuEngine upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Finally, TheStreet downgraded shares of Amkor Technology from a “b-” rating to a “c” rating in a report on Wednesday, May 22nd.

AMKR traded up $0.01 during trading on Thursday, hitting $9.24. The company’s stock had a trading volume of 1,416,127 shares, compared to its average volume of 946,888. Amkor Technology has a twelve month low of $5.72 and a twelve month high of $9.78. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.36 and a quick ratio of 1.21. The business’s fifty day simple moving average is $7.54. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 17.43 and a beta of 2.03.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, July 29th. The semiconductor company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.03. The firm had revenue of $895.31 million for the quarter, compared to analysts’ expectations of $896.05 million. Amkor Technology had a return on equity of 3.68% and a net margin of 1.31%. The company’s quarterly revenue was down 16.0% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. Equities analysts predict that Amkor Technology will post 0.19 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Amkor Technology by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,422,753 shares of the semiconductor company’s stock valued at $114,293,000 after buying an additional 744,342 shares during the last quarter. BlackRock Inc. grew its position in Amkor Technology by 14.9% during the fourth quarter. BlackRock Inc. now owns 10,521,970 shares of the semiconductor company’s stock worth $69,023,000 after buying an additional 1,368,384 shares during the period. Geode Capital Management LLC grew its position in shares of Amkor Technology by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 1,979,861 shares of the semiconductor company’s stock valued at $12,987,000 after purchasing an additional 85,405 shares during the last quarter. Norges Bank acquired a new stake in shares of Amkor Technology in the fourth quarter valued at approximately $12,800,000. Finally, Two Sigma Advisers LP grew its position in shares of Amkor Technology by 5.1% in the fourth quarter. Two Sigma Advisers LP now owns 1,035,723 shares of the semiconductor company’s stock valued at $6,794,000 after purchasing an additional 50,000 shares during the last quarter. 38.14% of the stock is owned by hedge funds and other institutional investors.

About Amkor Technology

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.

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