Amkor Technology Target of Unusually Large Options Trading (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR) saw unusually large options trading on Friday. Stock investors acquired 17,241 put options on the stock. This represents an increase of 532% compared to the average daily volume of 2,728 put options.

Wall Street Analyst Weigh In

AMKR has been the topic of several research analyst reports. Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and reduced their price objective for the company from $34.00 to $30.00 in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. The Goldman Sachs Group lowered their price objective on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. KeyCorp cut their target price on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, Morgan Stanley lowered their price target on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $35.50.

Amkor Technology Trading Down 0.8 %

AMKR opened at $25.69 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 17.36 and a beta of 1.83. The business has a fifty day moving average price of $26.12 and a 200 day moving average price of $29.80. Amkor Technology has a 12 month low of $24.10 and a 12 month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm posted $0.54 earnings per share. Amkor Technology’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts expect that Amkor Technology will post 1.38 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were paid a dividend of $0.0827 per share. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Wednesday, December 4th. Amkor Technology’s dividend payout ratio (DPR) is currently 22.30%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Amkor Technology in the third quarter valued at approximately $39,000. Larson Financial Group LLC boosted its position in Amkor Technology by 46.3% during the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $56,000 after purchasing an additional 580 shares in the last quarter. Ulland Investment Advisors LLC acquired a new stake in Amkor Technology in the third quarter valued at $82,000. Blue Trust Inc. increased its position in shares of Amkor Technology by 36.9% in the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 922 shares in the last quarter. Finally, Quarry LP raised its stake in shares of Amkor Technology by 421.8% during the 3rd quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock worth $96,000 after buying an additional 2,535 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

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.