Amkor Technology Sees Unusually Large Options Volume (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR) was the target of some unusual options trading activity on Friday. Investors purchased 25,030 put options on the company. This is an increase of 647% compared to the average volume of 3,351 put options.

Institutional Trading of Amkor Technology

A number of institutional investors and hedge funds have recently bought and sold shares of AMKR. SBI Securities Co. Ltd. bought a new stake in shares of Amkor Technology in the 4th quarter valued at about $27,000. Jones Financial Companies Lllp lifted its stake in shares of Amkor Technology by 353.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 1,160 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Amkor Technology in the first quarter valued at approximately $27,000. Bessemer Group Inc. increased its position in Amkor Technology by 421.0% during the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 1,242 shares during the period. Finally, Hurley Capital LLC bought a new position in Amkor Technology during the 4th quarter worth approximately $43,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMKR has been the subject of several recent analyst reports. DA Davidson cut their target price on Amkor Technology from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. lowered their price target on Amkor Technology from $30.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, April 29th. Morgan Stanley reduced their price objective on Amkor Technology from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. KeyCorp reiterated a “sector weight” rating on shares of Amkor Technology in a research report on Thursday, April 17th. Finally, B. Riley cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, April 21st. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amkor Technology presently has an average rating of “Hold” and an average target price of $28.00.

Amkor Technology Price Performance

Amkor Technology stock opened at $19.89 on Friday. The stock has a 50-day moving average price of $18.13 and a two-hundred day moving average price of $21.49. Amkor Technology has a 12 month low of $14.03 and a 12 month high of $44.86. The company has a market capitalization of $4.91 billion, a PE ratio of 13.91 and a beta of 1.83. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The firm’s revenue was down 3.2% compared to the same quarter last year. Analysts expect that Amkor Technology will post 1.47 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be paid a $0.0827 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.33 annualized dividend and a dividend yield of 1.66%. Amkor Technology’s dividend payout ratio is 25.78%.

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.