Amkor Technology, Inc. (NASDAQ:AMKR) Short Interest Update

Amkor Technology, Inc. (NASDAQ:AMKR) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 3,970,000 shares, a growth of 5.9% from the September 30th total of 3,750,000 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average daily volume of 1,580,000 shares, the short-interest ratio is currently 2.5 days.

Insiders Place Their Bets

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the sale, the chief executive officer now directly owns 204,971 shares in the company, valued at $6,458,636.21. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the transaction, the chief executive officer now directly owns 204,971 shares in the company, valued at approximately $6,458,636.21. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Winston J. Churchill sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total transaction of $659,400.00. Following the transaction, the director now owns 19,871 shares of the company’s stock, valued at $655,146.87. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 31.40% of the company’s stock.

Institutional Trading of Amkor Technology

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in shares of Amkor Technology by 1.3% during the 2nd quarter. SG Americas Securities LLC now owns 23,694 shares of the semiconductor company’s stock worth $948,000 after purchasing an additional 296 shares in the last quarter. CWM LLC boosted its position in shares of Amkor Technology by 15.1% during the 2nd quarter. CWM LLC now owns 2,359 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 309 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Amkor Technology by 8.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,188 shares of the semiconductor company’s stock worth $168,000 after purchasing an additional 333 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Amkor Technology by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 129,621 shares of the semiconductor company’s stock worth $4,179,000 after purchasing an additional 344 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of Amkor Technology by 1.7% during the 3rd quarter. Ritholtz Wealth Management now owns 21,717 shares of the semiconductor company’s stock worth $665,000 after purchasing an additional 357 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Stock Performance

Shares of Amkor Technology stock opened at $26.00 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.83 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $30.21 and a two-hundred day moving average price of $33.13. Amkor Technology has a 1-year low of $21.92 and a 1-year high of $44.86. The company has a market cap of $6.41 billion, a P/E ratio of 17.57 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. As a group, analysts anticipate that Amkor Technology will post 1.42 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.079 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.22%. Amkor Technology’s payout ratio is currently 20.95%.

Analysts Set New Price Targets

AMKR has been the subject of several research analyst reports. Morgan Stanley lowered their price target on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday. StockNews.com downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday. Needham & Company LLC lowered their price target on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday. KeyCorp decreased their price objective on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.63.

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.