Amkor Technology, Inc. (NASDAQ:AMKR) Short Interest Update

Amkor Technology, Inc. (NASDAQ:AMKRGet Free Report) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 2,600,000 shares, a drop of 6.8% from the December 31st total of 2,790,000 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is currently 2.6 days.

Amkor Technology Trading Down 4.7 %

Shares of NASDAQ:AMKR opened at $31.66 on Thursday. Amkor Technology has a 12-month low of $17.58 and a 12-month high of $34.44. The business’s fifty day simple moving average is $31.24 and its 200-day simple moving average is $27.12. The company has a market capitalization of $7.78 billion, a PE ratio of 19.19 and a beta of 2.02. The company has a current ratio of 1.95, a quick ratio of 1.65 and a debt-to-equity ratio of 0.24.

Amkor Technology (NASDAQ:AMKRGet Free Report) last announced its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Amkor Technology had a return on equity of 10.79% and a net margin of 6.11%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $1.24 EPS. The business’s revenue was down 12.6% compared to the same quarter last year. As a group, equities research analysts predict that Amkor Technology will post 1.39 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Tuesday, December 5th were given a $0.079 dividend. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, December 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.00%. Amkor Technology’s dividend payout ratio (DPR) is presently 18.79%.

Insider Activity

In related news, Director Roger Anthony Carolin sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $28.31, for a total transaction of $566,200.00. Following the completion of the sale, the director now directly owns 48,392 shares of the company’s stock, valued at approximately $1,369,977.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amkor Technology news, EVP Mark N. Rogers sold 5,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $23.84, for a total transaction of $119,200.00. Following the transaction, the executive vice president now directly owns 20,815 shares in the company, valued at approximately $496,229.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roger Anthony Carolin sold 20,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $28.31, for a total value of $566,200.00. Following the transaction, the director now owns 48,392 shares in the company, valued at $1,369,977.52. The disclosure for this sale can be found here. Insiders sold 30,400 shares of company stock valued at $842,513 in the last ninety days. Insiders own 53.30% of the company’s stock.

Institutional Trading of Amkor Technology

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Amkor Technology by 6.3% in the 2nd quarter. BlackRock Inc. now owns 14,142,932 shares of the semiconductor company’s stock worth $420,752,000 after purchasing an additional 835,069 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Amkor Technology by 10.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock worth $311,816,000 after purchasing an additional 1,300,745 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Amkor Technology by 1,757.9% in the 2nd quarter. Alliancebernstein L.P. now owns 4,182,333 shares of the semiconductor company’s stock worth $124,424,000 after purchasing an additional 3,957,221 shares in the last quarter. State Street Corp boosted its position in shares of Amkor Technology by 2.8% in the 1st quarter. State Street Corp now owns 3,515,892 shares of the semiconductor company’s stock worth $91,484,000 after purchasing an additional 95,883 shares in the last quarter. Finally, SW Investment Management LLC boosted its position in shares of Amkor Technology by 9.1% in the 1st quarter. SW Investment Management LLC now owns 3,000,000 shares of the semiconductor company’s stock worth $65,165,000 after purchasing an additional 250,000 shares in the last quarter. Institutional investors and hedge funds own 38.69% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AMKR. UBS Group began coverage on Amkor Technology in a report on Thursday, November 16th. They set a “buy” rating and a $31.00 price objective on the stock. Morgan Stanley began coverage on Amkor Technology in a report on Thursday, November 9th. They set an “equal weight” rating and a $27.00 price objective on the stock. StockNews.com upgraded Amkor Technology from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Finally, B. Riley raised their price objective on Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Amkor Technology has an average rating of “Moderate Buy” and a consensus price target of $33.50.

Get Our Latest Report on AMKR

About Amkor Technology

(Get Free Report)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and 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.

Featured Articles

Receive News & Ratings for Amkor Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amkor Technology and related companies with MarketBeat.com's FREE daily email newsletter.