Amkor Technology Target of Unusually High Options Trading (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) was the target of some unusual options trading activity on Friday. Stock traders acquired 25,030 put options on the company. This represents an increase of 647% compared to the typical volume of 3,351 put options.

Wall Street Analysts Forecast Growth

AMKR has been the subject of several recent research reports. KeyCorp restated a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Morgan Stanley decreased their price objective on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. DA Davidson cut their target price on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. JPMorgan Chase & Co. lowered their price target on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. Finally, B. Riley downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $28.00.

Amkor Technology Price Performance

AMKR stock traded up $0.48 during trading on Monday, reaching $20.37. 364,027 shares of the company were exchanged, compared to its average volume of 1,876,788. The company has a market cap of $5.03 billion, a P/E ratio of 14.20 and a beta of 1.83. Amkor Technology has a 52-week low of $14.03 and a 52-week high of $44.86. The stock's 50 day moving average price is $18.13 and its 200 day moving average price is $21.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The company's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 earnings per share. As a group, analysts predict that Amkor Technology will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be issued a $0.0827 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.62%. Amkor Technology's payout ratio is currently 25.78%.

Institutional Investors Weigh In On Amkor Technology

Institutional investors have recently bought and sold shares of the business. First Hawaiian Bank bought a new stake in Amkor Technology in the first quarter worth approximately $633,000. Inspire Investing LLC lifted its holdings in Amkor Technology by 22.0% during the 1st quarter. Inspire Investing LLC now owns 19,088 shares of the semiconductor company's stock valued at $345,000 after purchasing an additional 3,446 shares during the last quarter. Acadian Asset Management LLC bought a new position in Amkor Technology in the 1st quarter valued at $1,151,000. Focus Partners Wealth raised its stake in shares of Amkor Technology by 22.2% in the first quarter. Focus Partners Wealth now owns 303,549 shares of the semiconductor company's stock worth $5,482,000 after acquiring an additional 55,156 shares during the last quarter. Finally, Bayforest Capital Ltd grew its position in shares of Amkor Technology by 293.3% during the 1st quarter. Bayforest Capital Ltd now owns 9,338 shares of the semiconductor company's stock worth $169,000 after buying an additional 6,964 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

About Amkor Technology

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.