Amkor Technology Sees Unusually Large Options Volume (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 15,023 put options on the stock. This represents an increase of 304% compared to the average volume of 3,722 put options.

Amkor Technology Stock Up 2.5%

NASDAQ:AMKR traded up $0.45 during trading hours on Tuesday, hitting $18.72. 1,192,164 shares of the stock traded hands, compared to its average volume of 2,210,076. The firm has a 50 day moving average price of $17.75 and a 200 day moving average price of $22.10. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 13.09 and a beta of 1.86. Amkor Technology has a fifty-two week low of $14.03 and a fifty-two week high of $44.86. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22.

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

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be given a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, June 5th. Amkor Technology's dividend payout ratio (DPR) is 25.78%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. KeyCorp restated a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. B. Riley cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Needham & Company LLC decreased their price target on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. DA Davidson cut their price objective on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, Morgan Stanley decreased their target price on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $28.00.

Institutional Trading of Amkor Technology

A number of hedge funds have recently made changes to their positions in AMKR. Vanguard Group Inc. increased its stake in Amkor Technology by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 16,025,236 shares of the semiconductor company's stock valued at $289,416,000 after buying an additional 361,010 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Amkor Technology by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,398,430 shares of the semiconductor company's stock valued at $241,980,000 after acquiring an additional 365,975 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Amkor Technology by 7.9% during the 4th quarter. First Trust Advisors LP now owns 4,778,790 shares of the semiconductor company's stock valued at $122,767,000 after acquiring an additional 350,809 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Amkor Technology by 15.8% in the fourth quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company's stock worth $104,853,000 after acquiring an additional 556,761 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Amkor Technology by 8.4% during the first quarter. American Century Companies Inc. now owns 2,937,593 shares of the semiconductor company's stock worth $53,053,000 after acquiring an additional 228,591 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other 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.