Amkor Technology, Inc. (NASDAQ:AMKR) Short Interest Up 12.5% in April

Amkor Technology, Inc. (NASDAQ:AMKRGet Free Report) saw a large increase in short interest in April. As of April 30th, there was short interest totalling 3,970,000 shares, an increase of 12.5% from the April 15th total of 3,530,000 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 3.9 days.

Analyst Ratings Changes

Several research firms have recently weighed in on AMKR. The Goldman Sachs Group boosted their price objective on shares of Amkor Technology from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. DA Davidson raised their target price on Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Morgan Stanley upped their price target on shares of Amkor Technology from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. B. Riley reaffirmed a “buy” rating and set a $45.00 target price (up from $43.00) on shares of Amkor Technology in a report on Tuesday, April 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Amkor Technology in a research note on Tuesday, April 30th. Three equities 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, Amkor Technology presently has an average rating of “Moderate Buy” and an average price target of $37.67.

Read Our Latest Stock Report on AMKR

Insider Buying and Selling

In related news, CFO Megan Faust sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $30.34, for a total value of $81,918.00. Following the sale, the chief financial officer now owns 38,811 shares in the company, valued at approximately $1,177,525.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $30.34, for a total transaction of $81,918.00. Following the completion of the sale, the chief financial officer now directly owns 38,811 shares in the company, valued at approximately $1,177,525.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gil C. Tily sold 20,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $32.20, for a total transaction of $644,000.00. Following the sale, the director now owns 129,218 shares in the company, valued at approximately $4,160,819.60. The disclosure for this sale can be found here. Insiders sold a total of 105,500 shares of company stock worth $3,295,220 in the last three months. 31.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amkor Technology

A number of institutional investors and hedge funds have recently modified their holdings of AMKR. Allworth Financial LP boosted its stake in shares of Amkor Technology by 1,324.6% during the fourth quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 755 shares during the period. Pineridge Advisors LLC bought a new position in Amkor Technology in the fourth quarter worth approximately $28,000. Fifth Third Bancorp lifted its holdings in shares of Amkor Technology by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock worth $29,000 after buying an additional 347 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Amkor Technology by 1,414.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock worth $29,000 after buying an additional 806 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Amkor Technology during the first quarter valued at $43,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR traded up $0.48 during trading on Wednesday, hitting $33.78. 652,373 shares of the company’s stock were exchanged, compared to its average volume of 944,920. The business’s 50-day simple moving average is $31.85 and its 200 day simple moving average is $30.52. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 21.91 and a beta of 1.94. Amkor Technology has a 52-week low of $17.58 and a 52-week high of $37.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.34 and a quick ratio of 2.08.

Amkor Technology (NASDAQ:AMKRGet Free Report) last released its earnings results on Monday, April 29th. The semiconductor company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.11 by $0.13. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Amkor Technology had a net margin of 5.84% and a return on equity of 9.53%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. As a group, equities analysts predict that Amkor Technology will post 1.78 EPS for the current year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were given a dividend of $0.079 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.94%. Amkor Technology’s dividend payout ratio (DPR) is presently 20.39%.

Amkor Technology Company Profile

(Get Free Report)

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.

Further Reading

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