Amkor Technology (NASDAQ:AMKR) Shares Gap Down to $32.87

Amkor Technology, Inc. (NASDAQ:AMKR)’s share price gapped down prior to trading on Friday . The stock had previously closed at $32.87, but opened at $32.11. Amkor Technology shares last traded at $32.66, with a volume of 33,344 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMKR shares. DA Davidson lifted their target price on Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. initiated coverage on shares of Amkor Technology in a research note on Monday, July 1st. They set an “overweight” rating and a $48.00 target price for the company. Needham & Company LLC lifted their price target on shares of Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Morgan Stanley upped their price target on Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, July 2nd. Finally, The Goldman Sachs Group raised their price objective on Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amkor Technology presently has an average rating of “Moderate Buy” and a consensus target price of $41.14.

Amkor Technology Stock Down 0.6 %

The business’s 50 day moving average is $36.99 and its 200 day moving average is $33.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 21.63 and a beta of 1.86.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. Amkor Technology’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 earnings per share. Equities analysts expect that Amkor Technology, Inc. will post 1.53 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd will be issued a $0.079 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.97%. Amkor Technology’s dividend payout ratio is 20.39%.

Insider Transactions at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $42.94, for a total value of $1,073,500.00. Following the transaction, the chief executive officer now owns 128,333 shares in the company, valued at approximately $5,510,619.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 31.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. 1620 Investment Advisors Inc. acquired a new stake in shares of Amkor Technology during the 2nd quarter valued at about $31,000. Pineridge Advisors LLC acquired a new stake in shares of Amkor Technology in the fourth quarter worth about $28,000. Parkside Financial Bank & Trust boosted its stake in shares of Amkor Technology by 1,414.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 806 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Amkor Technology during the 2nd quarter valued at about $40,000. Finally, Larson Financial Group LLC raised its stake in shares of Amkor Technology by 911.3% in the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,130 shares in the last quarter. Hedge funds and other institutional investors 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.