Short Interest in Amkor Technology, Inc. (NASDAQ:AMKR) Decreases By 8.4%

Amkor Technology, Inc. (NASDAQ:AMKRGet Rating) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 4,060,000 shares, a decline of 8.4% from the August 15th total of 4,430,000 shares. Based on an average daily volume of 811,000 shares, the days-to-cover ratio is presently 5.0 days. Approximately 7.4% of the shares of the stock are sold short.

Amkor Technology Stock Up 1.4 %

Shares of NASDAQ AMKR opened at $18.36 on Tuesday. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 6.51 and a beta of 1.52. Amkor Technology has a 12-month low of $14.89 and a 12-month high of $27.30. The firm’s 50-day moving average price is $20.00 and its 200-day moving average price is $19.67. The company has a current ratio of 1.66, a quick ratio of 1.30 and a debt-to-equity ratio of 0.30.

Amkor Technology (NASDAQ:AMKRGet Rating) last issued its quarterly earnings results on Monday, August 1st. The semiconductor company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.52 billion. Amkor Technology had a net margin of 10.65% and a return on equity of 22.93%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. On average, equities research analysts anticipate that Amkor Technology will post 2.92 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Tuesday, September 6th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $0.20 annualized dividend and a yield of 1.09%. Amkor Technology’s payout ratio is 7.09%.

Insiders Place Their Bets

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 60,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $22.01, for a total value of $1,320,600.00. Following the sale, the chief executive officer now owns 245,000 shares in the company, valued at approximately $5,392,450. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Megan Faust sold 12,000 shares of the company’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $19.07, for a total transaction of $228,840.00. Following the sale, the chief financial officer now directly owns 8,512 shares in the company, valued at approximately $162,323.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Guillaume Marie Jean Rutten sold 60,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $22.01, for a total transaction of $1,320,600.00. Following the sale, the chief executive officer now owns 245,000 shares in the company, valued at $5,392,450. The disclosure for this sale can be found here. Corporate insiders own 56.50% of the company’s stock.

Hedge Funds Weigh In On Amkor Technology

Hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in Amkor Technology by 85.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,865 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 860 shares during the last quarter. Ronald Blue Trust Inc. bought a new position in Amkor Technology in the 2nd quarter worth about $35,000. Byrne Asset Management LLC bought a new position in Amkor Technology in the 4th quarter worth about $37,000. First Quadrant LLC CA bought a new position in Amkor Technology in the 1st quarter worth about $38,000. Finally, Lazard Asset Management LLC bought a new position in Amkor Technology in the 1st quarter worth about $38,000. 38.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson began coverage on shares of Amkor Technology in a research report on Wednesday, June 29th. They set a “buy” rating and a $30.00 target price on the stock.

About Amkor Technology

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Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.

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