Amkor Technology (NASDAQ:AMKR) Reaches New 1-Year Low – What’s Next?

Amkor Technology, Inc. (NASDAQ:AMKR)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $24.03 and last traded at $23.98, with a volume of 771790 shares trading hands. The stock had previously closed at $25.69.

Analyst Ratings Changes

A number of analysts have issued reports on the company. KeyCorp cut their target price on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. DA Davidson cut their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. The Goldman Sachs Group cut their price target on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and reduced their price target for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Finally, StockNews.com lowered Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Amkor Technology currently has a consensus rating of “Hold” and a consensus price target of $35.50.

Amkor Technology Price Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 16.57 and a beta of 1.83. The stock has a 50 day moving average price of $26.06 and a two-hundred day moving average price of $29.36.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, analysts expect that Amkor Technology, Inc. will post 1.38 EPS for the current year.

Amkor Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were issued a $0.0827 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a yield of 1.35%. Amkor Technology’s dividend payout ratio (DPR) is 22.30%.

Hedge Funds Weigh In On Amkor Technology

A number of institutional investors and hedge funds have recently made changes to their positions in AMKR. Capital Performance Advisors LLP purchased a new position in Amkor Technology in the third quarter worth approximately $39,000. Larson Financial Group LLC raised its holdings in shares of Amkor Technology by 46.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 580 shares in the last quarter. Ulland Investment Advisors LLC purchased a new stake in shares of Amkor Technology during the 3rd quarter worth $82,000. Quarry LP grew its stake in shares of Amkor Technology by 421.8% during the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock worth $96,000 after purchasing an additional 2,535 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Amkor Technology by 36.9% in the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 922 shares during the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

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.