Amkor Technology, Inc. (NASDAQ:AMKR) Plans $0.08 Quarterly Dividend

Amkor Technology, Inc. (NASDAQ:AMKR) announced a quarterly dividend on Wednesday, August 13th, RTT News reports. Investors of record on Wednesday, September 3rd will be given a dividend of 0.0827 per share by the semiconductor company on Tuesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 3rd.

Amkor Technology has a dividend payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Amkor Technology to earn $1.98 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 16.7%.

Amkor Technology Stock Down 1.8%

Amkor Technology stock opened at $24.52 on Friday. Amkor Technology has a twelve month low of $14.03 and a twelve month high of $33.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.70 and a current ratio of 1.89. The firm has a market cap of $6.06 billion, a PE ratio of 19.93 and a beta of 1.85. The firm’s 50 day moving average price is $21.67 and its two-hundred day moving average price is $20.22.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company posted $0.27 EPS. Amkor Technology’s revenue was up 3.4% on a year-over-year basis. On average, research analysts predict that Amkor Technology will post 1.47 EPS for the current fiscal year.

Insider Buying and Selling at Amkor Technology

In other news, major shareholder Sujoda Management, Llc acquired 441,589 shares of Amkor Technology stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of $21.85 per share, for a total transaction of $9,648,719.65. Following the completion of the purchase, the insider owned 3,789,479 shares of the company’s stock, valued at $82,800,116.15. This represents a 13.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder John T. Kim acquired 441,589 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $21.85 per share, with a total value of $9,648,719.65. Following the completion of the acquisition, the insider owned 3,789,479 shares in the company, valued at $82,800,116.15. This trade represents a 13.19% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 26.90% of the company’s stock.

Hedge Funds Weigh In On Amkor Technology

A number of institutional investors have recently made changes to their positions in AMKR. Ameriprise Financial Inc. boosted its stake in Amkor Technology by 11.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 207,570 shares of the semiconductor company’s stock valued at $4,357,000 after purchasing an additional 21,256 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Amkor Technology by 38.3% during the second quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock worth $74,541,000 after buying an additional 985,727 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Amkor Technology by 0.9% in the second quarter. California State Teachers Retirement System now owns 102,776 shares of the semiconductor company’s stock valued at $2,157,000 after acquiring an additional 959 shares during the period. Raymond James Financial Inc. grew its stake in shares of Amkor Technology by 18.9% in the second quarter. Raymond James Financial Inc. now owns 316,104 shares of the semiconductor company’s stock worth $6,635,000 after acquiring an additional 50,278 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in Amkor Technology by 91.8% during the second quarter. Quantinno Capital Management LP now owns 54,483 shares of the semiconductor company’s stock worth $1,144,000 after acquiring an additional 26,083 shares during the period. 42.76% of the stock is currently owned by institutional investors.

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.