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

Amkor Technology, Inc. (NASDAQ:AMKR) was the target of unusually large options trading on Tuesday. Traders purchased 25,755 put options on the stock. This represents an increase of 722% compared to the typical daily volume of 3,135 put options.

Analysts Set New Price Targets

AMKR has been the topic of several recent analyst reports. The Goldman Sachs Group lowered their price objective on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. StockNews.com downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Melius Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. DA Davidson cut their price target on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Finally, B. Riley cut their price target on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.50.

Institutional Investors Weigh In On Amkor Technology

A number of hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in shares of Amkor Technology in the second quarter worth $386,000. CWM LLC increased its position in Amkor Technology by 530.1% during the 3rd quarter. CWM LLC now owns 14,863 shares of the semiconductor company’s stock valued at $455,000 after purchasing an additional 12,504 shares during the period. Ritholtz Wealth Management boosted its holdings 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 valued at $665,000 after buying an additional 357 shares in the last quarter. Ulland Investment Advisors LLC bought a new position in Amkor Technology during the 3rd quarter valued at about $82,000. Finally, Teamwork Financial Advisors LLC bought a new position in Amkor Technology during the 3rd quarter valued at about $269,000. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Trading Down 10.5 %

Shares of NASDAQ:AMKR traded down $2.56 during trading on Tuesday, reaching $21.80. The stock had a trading volume of 2,483,419 shares, compared to its average volume of 1,419,558. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 14.75 and a beta of 1.81. Amkor Technology has a 52 week low of $21.66 and a 52 week high of $44.86. The firm’s fifty day moving average is $25.73 and its 200 day moving average is $28.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06.

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

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.52%. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 4th. Amkor Technology’s payout ratio is presently 22.30%.

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.