Amkor Technology Target of Unusually High Options Trading (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR) was the recipient of some unusual options trading on Tuesday. Traders bought 25,755 put options on the company. This represents an increase of 722% compared to the average daily volume of 3,135 put options.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMKR shares. B. Riley lowered their target price on Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday. Melius lowered Amkor Technology from a “buy” rating to a “hold” rating and reduced their target price for the stock from $34.00 to $30.00 in a research note on Monday, January 6th. KeyCorp cut their price target on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. DA Davidson cut their target price on Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Finally, Morgan Stanley lowered their price target on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.50.

Hedge Funds Weigh In On Amkor Technology

Institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in Amkor Technology by 24,383.3% in the third quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company’s stock valued at $115,899,000 after purchasing an additional 3,772,095 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in Amkor Technology in the 3rd quarter valued at approximately $42,610,000. Wellington Management Group LLP boosted its stake in Amkor Technology by 522.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,134,106 shares of the semiconductor company’s stock valued at $34,704,000 after purchasing an additional 951,764 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Amkor Technology by 212.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock valued at $41,647,000 after purchasing an additional 925,644 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Amkor Technology by 205.1% during the fourth quarter. Fisher Asset Management LLC now owns 641,916 shares of the semiconductor company’s stock valued at $16,491,000 after buying an additional 431,537 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Stock Down 10.5 %

Shares of NASDAQ AMKR traded down $2.56 during midday trading on Tuesday, hitting $21.80. 2,483,419 shares of the company’s stock were exchanged, compared to its average volume of 1,419,558. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. Amkor Technology has a twelve month low of $21.66 and a twelve month high of $44.86. The company has a market cap of $5.38 billion, a PE ratio of 14.75 and a beta of 1.81. The firm’s fifty day simple moving average is $25.73 and its 200-day simple moving average is $28.31.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. Research analysts predict that Amkor Technology will post 1.38 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.52%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 4th. Amkor Technology’s payout ratio is 22.30%.

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.