Traders Buy High Volume of Amkor Technology Put Options (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 25,755 put options on the company. This represents an increase of approximately 722% compared to the average volume of 3,135 put options.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMKR shares. Melius downgraded Amkor Technology from a “buy” rating to a “hold” rating and reduced their price target for the company from $34.00 to $30.00 in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $34.00 price target on shares of Amkor Technology in a research note on Tuesday. DA Davidson cut their price target on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Finally, StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.50.

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. bought a new stake in Amkor Technology in the fourth quarter valued at $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Amkor Technology in the 3rd quarter worth about $39,000. Jones Financial Companies Lllp lifted its position in Amkor Technology by 353.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 1,160 shares during the last quarter. Larson Financial Group LLC boosted its stake in Amkor Technology by 46.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 580 shares during the period. Finally, Ulland Investment Advisors LLC bought a new position in Amkor Technology in the 3rd quarter worth about $82,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Stock Up 1.2 %

Shares of NASDAQ:AMKR opened at $21.84 on Thursday. Amkor Technology has a 1-year low of $21.46 and a 1-year high of $44.86. The company’s fifty day moving average is $25.53 and its two-hundred day moving average is $28.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 14.76 and a beta of 1.81.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. Equities analysts anticipate that Amkor Technology will post 1.38 EPS for the current year.

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.