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

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. Shareholders 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 yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 3rd.

Amkor Technology has a payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Equities research 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 Up 1.2%

Shares of Amkor Technology stock traded up $0.29 during trading on Monday, reaching $24.05. The stock had a trading volume of 1,544,687 shares, compared to its average volume of 2,158,986. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 19.55 and a beta of 1.85. The stock has a fifty day moving average price of $21.76 and a two-hundred day moving average price of $20.15. Amkor Technology has a 52 week low of $14.03 and a 52 week high of $33.85. The company has a current ratio of 1.89, a quick ratio of 1.70 and a debt-to-equity ratio of 0.28.

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

Insider Transactions at Amkor Technology

In related news, major shareholder Sujoda Management, Llc acquired 441,589 shares of the business's stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $21.85 per share, with a total value of $9,648,719.65. Following the transaction, the insider directly owned 3,789,479 shares of the company's stock, valued at $82,800,116.15. This trade represents a 13.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark N. Rogers sold 15,000 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $23.58, for a total transaction of $353,700.00. Following the transaction, the executive vice president directly owned 23,862 shares in the company, valued at $562,665.96. This trade represents a 38.60% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 26.90% of the company's stock.

Hedge Funds Weigh In On Amkor Technology

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its stake in shares of Amkor Technology by 8.1% in the 4th quarter. Bank of Montreal Can now owns 17,995 shares of the semiconductor company's stock worth $462,000 after buying an additional 1,346 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Amkor Technology during the 4th quarter valued at $5,666,000. Jump Financial LLC grew its position in shares of Amkor Technology by 26.7% during the 4th quarter. Jump Financial LLC now owns 19,000 shares of the semiconductor company's stock valued at $488,000 after purchasing an additional 4,000 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Amkor Technology during the 4th quarter valued at $712,000. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Amkor Technology by 0.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company's stock valued at $2,313,000 after purchasing an additional 484 shares in the last quarter. Institutional investors and hedge funds 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.