Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) was the target of some unusual options trading on Friday. Investors purchased 12,436 call options on the stock. This represents an increase of approximately 48% compared to the typical volume of 8,425 call options.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on AMKR. The Goldman Sachs Group raised their target price on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, April 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research report on Monday, April 20th. Finally, Wall Street Zen lowered Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Amkor Technology currently has a consensus rating of “Hold” and an average price target of $67.38.
Get Our Latest Stock Report on AMKR
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of AMKR. Royal Bank of Canada grew its holdings in Amkor Technology by 100.6% during the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after acquiring an additional 3,454,012 shares during the period. Advisors Asset Management Inc. grew its holdings in Amkor Technology by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 854 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Amkor Technology by 913.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 6,768 shares during the period. Goldman Sachs Group Inc. grew its holdings in Amkor Technology by 73.4% during the first quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock worth $9,476,000 after acquiring an additional 222,107 shares during the period. Finally, Caxton Associates LLP acquired a new position in Amkor Technology during the first quarter worth $271,000. Institutional investors and hedge funds own 42.76% of the company’s stock.
Amkor Technology Stock Performance
Shares of NASDAQ:AMKR traded up $6.75 during trading on Friday, reaching $82.90. The company had a trading volume of 5,275,001 shares, compared to its average volume of 4,683,903. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of 47.36 and a beta of 2.25. Amkor Technology has a fifty-two week low of $19.79 and a fifty-two week high of $83.17. The stock’s fifty day moving average price is $67.24 and its 200 day moving average price is $53.20.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The firm’s revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. As a group, equities research analysts predict that Amkor Technology will post 2.08 EPS for the current year.
Amkor Technology Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio is currently 18.86%.
About Amkor Technology
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.
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