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

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) saw unusually large options trading activity on Friday. Traders purchased 8,000 put options on the company. This is an increase of 134% compared to the average daily volume of 3,415 put options.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AMKR shares. Needham & Company LLC lowered their price target on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. DA Davidson lowered their target price on Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley lowered their target price on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. B. Riley lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $26.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMKR. SBI Securities Co. Ltd. purchased a new stake in Amkor Technology during the 4th quarter valued at about $27,000. Jones Financial Companies Lllp grew its stake in Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 1,160 shares in the last quarter. 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. lifted its position in Amkor Technology by 421.0% during the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock worth $39,000 after buying an additional 1,242 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Amkor Technology by 416.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company's stock worth $34,000 after buying an additional 1,292 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Amkor Technology Price Performance

AMKR traded down $0.03 during midday trading on Friday, hitting $21.86. 1,249,686 shares of the company traded hands, compared to its average volume of 1,804,103. The company has a current ratio of 2.06, a quick ratio of 1.83 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 17.08 and a beta of 1.85. Amkor Technology has a 52-week low of $14.03 and a 52-week high of $44.86. The business has a 50 day simple moving average of $19.89 and a two-hundred day simple moving average of $20.79.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business earned $0.24 EPS. Amkor Technology's quarterly revenue was down 3.2% on a year-over-year basis. On average, equities analysts forecast that Amkor Technology will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were issued a $0.0827 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a yield of 1.51%. Amkor Technology's payout ratio is currently 25.78%.

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.