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

Key Points

• Amkor Technology, Inc. has declared a quarterly dividend of $0.08 per share, which will be paid on September 23rd to investors of record on September 3rd, representing a yield of 1.3%.
• The company has a dividend payout ratio of 22.0%, suggesting that its dividends are well-covered by earnings, with expected future earnings of $1.98 per share for the coming year.
• Amkor's latest earnings report showed earnings of $0.22 per share, exceeding expectations, and a revenue of $1.51 billion, a 3.4% increase year-over-year.

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) declared a quarterly dividend on Wednesday, August 13th, RTT News reports. Investors of record on Wednesday, September 3rd will be paid a dividend of 0.0827 per share by the semiconductor company on Tuesday, September 23rd. This represents a c) dividend on an annualized basis and a yield of 1.3%.

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 Price Performance

Shares of NASDAQ AMKR opened at $24.96 on Thursday. Amkor Technology has a twelve month low of $14.03 and a twelve month high of $33.85. The firm has a fifty day simple moving average of $21.55 and a 200 day simple moving average of $20.21. The company has a market capitalization of $6.17 billion, a PE ratio of 20.29 and a beta of 1.85. The company has a quick ratio of 1.70, a current ratio of 1.89 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.06. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.42 billion. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share. On average, sell-side analysts forecast that Amkor Technology will post 1.47 EPS for the current year.

Insider Activity at Amkor Technology

In other news, major shareholder Sujoda Management, Llc purchased 441,589 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $21.85 per share, for a total transaction of $9,648,719.65. Following the acquisition, the insider directly owned 3,789,479 shares of the company's stock, valued at $82,800,116.15. This represents a 13.19% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark N. Rogers sold 15,000 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $23.58, for a total transaction of $353,700.00. Following the sale, the executive vice president owned 23,862 shares of the company's stock, valued at $562,665.96. This represents a 38.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its position in shares of Amkor Technology by 1,050.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,369 shares of the semiconductor company's stock worth $29,000 after buying an additional 1,250 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Amkor Technology during the 1st quarter valued at about $27,000. Bessemer Group Inc. grew its position in Amkor Technology by 421.0% during the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 1,242 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Amkor Technology by 416.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 1,292 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Amkor Technology by 677.0% during the 1st quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 1,530 shares during the last quarter. 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.

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