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

Amkor Technology, Inc. (NASDAQ:AMKR) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,750,000 shares, an increase of 15.7% from the September 15th total of 3,240,000 shares. Based on an average daily volume of 1,630,000 shares, the short-interest ratio is presently 2.3 days. Approximately 3.8% of the shares of the stock are short sold.

Insider Buying and Selling

In other news, Director Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the completion of the sale, the director now directly owns 19,871 shares in the company, valued at approximately $655,146.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 31.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Amkor Technology by 1.5% in the first quarter. Vanguard Group Inc. now owns 14,976,630 shares of the semiconductor company’s stock valued at $482,847,000 after buying an additional 219,638 shares during the last quarter. Earnest Partners LLC grew its stake in shares of Amkor Technology by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 2,423,255 shares of the semiconductor company’s stock valued at $96,979,000 after purchasing an additional 75,364 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Amkor Technology by 54.4% during the second quarter. American Century Companies Inc. now owns 1,673,314 shares of the semiconductor company’s stock worth $66,966,000 after purchasing an additional 589,530 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in Amkor Technology in the 2nd quarter valued at $58,379,000. Finally, Goldman Sachs Group Inc. raised its position in Amkor Technology by 4.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,410,504 shares of the semiconductor company’s stock worth $46,927,000 after buying an additional 63,104 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Stock Up 1.9 %

Shares of Amkor Technology stock traded up $0.58 during trading on Monday, reaching $31.50. The company’s stock had a trading volume of 341,016 shares, compared to its average volume of 1,305,479. The company has a quick ratio of 1.83, a current ratio of 2.08 and a debt-to-equity ratio of 0.23. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 20.34 and a beta of 1.84. The company has a 50-day simple moving average of $30.90 and a two-hundred day simple moving average of $33.43. Amkor Technology has a 1-year low of $17.58 and a 1-year high of $44.86.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. Amkor Technology’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. As a group, equities analysts forecast that Amkor Technology will post 1.55 earnings per share for the current year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd were given a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a yield of 1.00%. The ex-dividend date was Tuesday, September 3rd. Amkor Technology’s payout ratio is currently 20.39%.

Analysts Set New Price Targets

A number of brokerages have recently commented on AMKR. StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Needham & Company LLC raised their price objective on shares of Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Morgan Stanley upped their target price on shares of Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 2nd. KeyCorp started coverage on Amkor Technology in a research report on Friday, September 20th. They issued an “overweight” rating and a $38.00 price objective on the stock. Finally, B. Riley increased their target price on Amkor Technology from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.75.

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.