Amkor Technology (NASDAQ:AMKR) Trading Up 3.3%

Amkor Technology, Inc. (NASDAQ:AMKR) shot up 3.3% during trading on Tuesday . The stock traded as high as $38.06 and last traded at $37.89. 201,359 shares were traded during mid-day trading, a decline of 78% from the average session volume of 924,596 shares. The stock had previously closed at $36.67.

Analyst Ratings Changes

AMKR has been the topic of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $45.00 price target (up previously from $43.00) on shares of Amkor Technology in a report on Tuesday, April 30th. The Goldman Sachs Group increased their price target on Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Fox Advisors assumed coverage on shares of Amkor Technology in a report on Thursday, March 14th. They issued an “equal weight” rating for the company. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Amkor Technology in a research note on Tuesday, April 30th. Finally, DA Davidson upped their price target on shares of Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Amkor Technology has an average rating of “Moderate Buy” and a consensus target price of $37.67.

Amkor Technology Stock Performance

The company’s 50-day moving average price is $32.41 and its two-hundred day moving average price is $31.92. The company has a market cap of $9.80 billion, a P/E ratio of 25.43 and a beta of 1.84. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.26.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.13. Amkor Technology had a net margin of 5.84% and a return on equity of 9.53%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business posted $0.18 earnings per share. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, equities analysts forecast that Amkor Technology, Inc. will post 1.78 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.079 per share. The ex-dividend date is Tuesday, June 4th. This represents a $0.32 annualized dividend and a yield of 0.79%. Amkor Technology’s payout ratio is presently 20.39%.

Insiders Place Their Bets

In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $31.17, for a total transaction of $779,250.00. Following the sale, the chief executive officer now owns 114,476 shares in the company, valued at $3,568,216.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Mark N. Rogers sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $31.30, for a total value of $156,500.00. Following the transaction, the executive vice president now owns 25,280 shares in the company, valued at approximately $791,264. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $31.17, for a total transaction of $779,250.00. Following the sale, the chief executive officer now owns 114,476 shares of the company’s stock, valued at $3,568,216.92. The disclosure for this sale can be found here. Insiders sold a total of 75,000 shares of company stock worth $2,414,000 over the last ninety days. 31.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amkor Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its holdings in shares of Amkor Technology by 1,324.6% during the fourth quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 755 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in shares of Amkor Technology during the 4th quarter valued at about $28,000. Fifth Third Bancorp grew its stake in shares of Amkor Technology by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 347 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Amkor Technology by 1,414.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock worth $29,000 after buying an additional 806 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Amkor Technology during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

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.