Amkor Technology (NASDAQ: AMKR – Get Rating) is scheduled to release its earnings data after the market close on Monday, Oct. 31. Analysts expect Amkor Technology to report earnings of $0.92 per share for the quarter. Parties interested in participating in the company conference call can do so using this link.
Amkor Technology (NASDAQ: AMKR – Get Rating) last reported quarterly earnings on Monday, Aug. 1. The semiconductor company reported earnings per share of $0.51 for the quarter, beating analysts’ consensus estimate of $0.47 by $0.04. Amkor Technology has a net profit margin of 10.65% and a return on equity of 22.93%. The company’s revenue for the quarter was $1.5 billion, compared with the consensus estimate of $1.52 billion. In the same quarter last year, the company reported earnings of $0.51 per share. The company’s revenue grew 7.0% year over year. On average, analysts expect Amkor Technology to post earnings of $3 a share this fiscal year and $3 a share next.
Amkor Technology Price Performance
Shares of Nasdaq AMKR opened Monday at $19.07. Amkor Technology’s 52-week low was $14.89 and its 52-week high was $26.64. The company’s 50-day simple moving average is $18.99 and its 200-day simple moving average is $18.94. The company’s quick ratio is 1.30, its current ratio is 1.66, and its debt-to-equity ratio is 0.30. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 6.88, and a beta of 1.52.
Amkor Technology Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 26. Shareholders of record on Tuesday, September 6 received a dividend of $0.05 per share. The ex-dividend date is Friday, September 2. This represents an annualized dividend of $0.20 and a yield of 1.05%. Amkor Technology’s dividend payout ratio (DPR) is currently 7.09%.
Analysts set new price targets
AMKR has been the subject of many research analyst reports. StockNews.com began covering Amkor Technology in a report on Wednesday, October 12. They have a “buy” rating on the company. DA Davidson begins coverage of Amkor technology in a report on Wednesday, June 29. They have a “buy” rating and a $30.00 price target on the stock.
Insider Trading at Amkor Technology
In other Amkor Technology news, Chief Financial Officer Megan Faust sold 6,000 Amkor Technology shares in trading on Thursday, October 6. The shares sold at an average price of $19.07 for a total value of $114,420.00. Following the transaction, the CFO now directly owns 8,512 shares of the company’s stock, worth approximately $162,323.84. The sale was disclosed in a legal filing with the U.S. Securities and Exchange Commission, which is available via this hyperlink. In other Amkor Technology news, Chief Financial Officer Megan Faust sold 6,000 shares of the company in trading on Thursday, Oct. 6. The shares sold at an average price of $19.07 for a total value of $114,420.00. Following the sale, the CFO now owns 8,512 shares of the company, worth approximately $162,323.84. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be found at this link. In addition, CEO Guillaume Marie Jean Rutten sold 60,000 shares of the company in a transaction that took place on Tuesday, August 2. The shares sold at an average price of $22.01 for a total value of $1,320,600.00. Following the transaction, the CEO now directly owns 245,000 shares of the company, worth $5,392,450. Disclosures for this sale can be found here. Over the past three months, insiders sold 72,000 shares of the company worth $1,549,440. 56.50% of the shares are held by company insiders.
A hedge fund’s take on Amkor’s technology
Some institutional investors and hedge funds have recently bought and sold AMKR stock. Raymond James & Associates increased its stake in Amkor Technology by 4.0% in the first quarter. Raymond James & Associates now owns 79,509 shares of the semiconductor company’s stock, valued at $1,727,000, after purchasing an additional 3,030 shares in the previous quarter. Raymond James Financial Services Advisors purchased $868,000 worth of new shares in Amkor Technology in the first quarter. The Bank of New York Mellon Corporation increased its stake in Amkor Technology by 0.8% in the first quarter. BNY Mellon now owns 1,334,042 shares of the semiconductor company worth $28,975,000 after buying an additional 10,751 shares in the previous quarter. Private Advisor Group LLC purchased a new position in Amkor Technology stock valued at $330,000 in the first quarter. Finally, MetLife Investment Management LLC increased its stake in Amkor Technology by 40.3% in the first quarter. MetLife Investment Management LLC now owns 117,317 shares of the semiconductor company’s stock, valued at $2,548,000, after purchasing an additional 33,685 shares in the previous quarter. 38.69% of the shares are held by institutional investors.
About Amkor Technologies
(get a rating)
Amkor Technology, Inc provides outsourced semiconductor packaging and testing services in the United States, Japan, Europe, the Middle East, Africa and the rest of the Asia Pacific region. It provides turnkey packaging and testing services, including semiconductor wafer bumping, wafer probing, wafer back grinding, package design, packaging, and testing and shipping services.
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