Short Interest in Amkor Technology, Inc. (NASDAQ:AMKR) Increases By 13.5%

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 3,530,000 shares, a growth of 13.5% from the March 31st total of 3,110,000 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average daily trading volume, of 935,800 shares, the short-interest ratio is presently 3.8 days.

Insider Buying and Selling

In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total value of $765,750.00. Following the completion of the sale, the chief executive officer now directly owns 123,728 shares in the company, valued at $3,789,788.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Megan Faust sold 2,700 shares of the company's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $30.34, for a total transaction of $81,918.00. Following the completion of the sale, the chief financial officer now owns 38,811 shares in the company, valued at $1,177,525.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total value of $765,750.00. Following the completion of the transaction, the chief executive officer now directly owns 123,728 shares in the company, valued at $3,789,788.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,500 shares of company stock worth $2,494,720. 31.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMKR. Allworth Financial LP grew its holdings in Amkor Technology by 1,324.6% during the 4th quarter. Allworth Financial LP now owns 812 shares of the semiconductor company's stock valued at $27,000 after buying an additional 755 shares in the last quarter. Pineridge Advisors LLC purchased a new position in Amkor Technology during the fourth quarter valued at $28,000. Parkside Financial Bank & Trust increased its holdings in Amkor Technology by 1,414.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 806 shares during the last quarter. Fifth Third Bancorp lifted its stake in Amkor Technology by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 347 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Amkor Technology by 57.0% during the 4th quarter. Blue Trust Inc. now owns 1,487 shares of the semiconductor company's stock valued at $49,000 after purchasing an additional 540 shares during the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Price Performance

NASDAQ:AMKR traded up $0.85 during trading hours on Monday, hitting $31.47. 1,454,826 shares of the stock traded hands, compared to its average volume of 924,331. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 21.55 and a beta of 1.96. Amkor Technology has a 1 year low of $17.58 and a 1 year high of $37.00. The stock has a 50 day moving average price of $31.60 and a 200 day moving average price of $29.73. The company has a quick ratio of 2.02, a current ratio of 2.31 and a debt-to-equity ratio of 0.27.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The company's revenue was down 8.1% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. Sell-side analysts forecast that Amkor Technology will post 1.63 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were given a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Monday, March 11th. Amkor Technology's dividend payout ratio is currently 21.23%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMKR. The Goldman Sachs Group initiated coverage on shares of Amkor Technology in a research note on Thursday, February 29th. They issued a "neutral" rating and a $32.00 price objective on the stock. Fox Advisors assumed coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They set an "equal weight" rating on the stock. Finally, Needham & Company LLC started coverage on shares of Amkor Technology in a research report on Tuesday, April 9th. They set a "buy" rating and a $40.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Amkor Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.33.

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.