Amkor Technology, Inc. (NASDAQ:AMKR) Sees Significant Increase in Short Interest

Amkor Technology, Inc. (NASDAQ:AMKR) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 9,724,705 shares, an increase of 30.3% from the December 31st total of 7,465,030 shares. Based on an average daily trading volume, of 5,284,729 shares, the days-to-cover ratio is currently 1.8 days. Currently, 5.4% of the company’s shares are short sold. Currently, 5.4% of the company’s shares are short sold. Based on an average daily trading volume, of 5,284,729 shares, the days-to-cover ratio is currently 1.8 days.

Amkor Technology Stock Down 0.3%

Shares of Amkor Technology stock opened at $48.20 on Tuesday. The business has a fifty day simple moving average of $44.82 and a 200 day simple moving average of $33.77. The stock has a market cap of $11.91 billion, a PE ratio of 38.56 and a beta of 2.00. The company has a quick ratio of 1.60, a current ratio of 1.77 and a debt-to-equity ratio of 0.29. Amkor Technology has a 12 month low of $14.03 and a 12 month high of $55.17.

Amkor Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were given a dividend of $0.0835 per share. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, December 3rd. Amkor Technology’s payout ratio is currently 26.40%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMKR. JPMorgan Chase & Co. boosted their target price on Amkor Technology from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Amkor Technology in a report on Friday, January 9th. Zacks Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. UBS Group lowered Amkor Technology from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $38.00 to $55.00 in a research note on Monday, January 12th. Finally, William Blair raised shares of Amkor Technology to a “neutral” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $39.14.

Insiders Place Their Bets

In other news, EVP Kevin Engel sold 11,000 shares of Amkor Technology stock in a transaction on Friday, December 12th. The stock was sold at an average price of $46.21, for a total transaction of $508,310.00. Following the transaction, the executive vice president owned 349 shares in the company, valued at approximately $16,127.29. The trade was a 96.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gil C. Tily sold 20,000 shares of Amkor Technology stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $46.44, for a total value of $928,800.00. Following the transaction, the director directly owned 123,806 shares in the company, valued at approximately $5,749,550.64. This trade represents a 13.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 96,000 shares of company stock valued at $4,085,910 over the last 90 days. 26.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amkor Technology

Hedge funds and other institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new position in shares of Amkor Technology during the 3rd quarter worth approximately $25,000. Bessemer Group Inc. boosted its holdings in Amkor Technology by 72.1% during the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 391 shares during the last quarter. IFP Advisors Inc grew its position in Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 447 shares in the last quarter. Hantz Financial Services Inc. grew its position in Amkor Technology by 1,050.4% in the second quarter. Hantz Financial Services Inc. now owns 1,369 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Amkor Technology by 61.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 854 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Company Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.