Amkor Technology (NASDAQ:AMKR) PT Raised to $36.00 at The Goldman Sachs Group

Amkor Technology (NASDAQ:AMKR) had its price target lifted by The Goldman Sachs Group from $32.00 to $36.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the semiconductor company’s stock.

Other analysts also recently issued reports about the stock. Morgan Stanley boosted their target price on shares of Amkor Technology from $32.00 to $34.00 and gave the company an equal weight rating in a research note on Tuesday, April 30th. B. Riley reissued a buy rating and set a $45.00 target price (up from $43.00) on shares of Amkor Technology in a research note on Tuesday, April 30th. Fox Advisors assumed coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They set an equal weight rating on the stock. DA Davidson boosted their target price on shares of Amkor Technology from $35.00 to $40.00 and gave the company a buy rating in a research note on Tuesday, April 30th. Finally, Needham & Company LLC reissued a buy rating and set a $40.00 target price on shares of Amkor Technology in a research note on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $37.67.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $32.34 on Wednesday. Amkor Technology has a one year low of $17.58 and a one year high of $37.00. The stock has a fifty day moving average of $31.71 and a 200-day moving average of $29.93. The company has a market capitalization of $7.96 billion, a PE ratio of 21.28 and a beta of 1.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.34.

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

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were paid a $0.079 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Monday, March 11th. Amkor Technology’s dividend payout ratio (DPR) is presently 20.39%.

Insider Transactions at Amkor Technology

In related news, EVP Mark N. Rogers sold 5,000 shares of the company’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 sale, the executive vice president now directly owns 25,280 shares in the company, valued at $791,264. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Mark N. Rogers sold 5,000 shares of the company’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 sale, the executive vice president now directly owns 25,280 shares in the company, valued at $791,264. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total transaction of $765,750.00. Following the completion of the sale, the chief executive officer now owns 123,728 shares of the company’s stock, valued at $3,789,788.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,500 shares of company stock valued at $2,651,220. 31.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Amkor Technology

A number of hedge funds have recently bought and sold shares of the company. SummerHaven Investment Management LLC boosted its holdings in Amkor Technology by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 24,548 shares of the semiconductor company’s stock valued at $817,000 after acquiring an additional 327 shares during the period. Retirement Systems of Alabama boosted its holdings in Amkor Technology by 0.3% during the first quarter. Retirement Systems of Alabama now owns 129,621 shares of the semiconductor company’s stock valued at $4,179,000 after acquiring an additional 344 shares during the period. Fifth Third Bancorp boosted its holdings in Amkor Technology by 65.8% during 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 period. Arizona State Retirement System boosted its holdings in Amkor Technology by 1.4% during the third quarter. Arizona State Retirement System now owns 31,473 shares of the semiconductor company’s stock valued at $711,000 after acquiring an additional 428 shares during the period. Finally, Assetmark Inc. boosted its holdings in Amkor Technology by 3.5% during the fourth quarter. Assetmark Inc. now owns 12,874 shares of the semiconductor company’s stock valued at $428,000 after acquiring an additional 438 shares during the period. 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.