By otakuyassine3@gmail.com 
Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 4,270,000 shares, a decrease of 6.2% from the December 15th total of 4,550,000 shares. Based on an average trading volume of 1,280,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 4.3% of the company’s stock are short sold.
Wall Street Analyst Weigh In
AMKR has been the topic of a number of recent analyst reports. Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Needham & Company LLC reduced their target price on Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. StockNews.com downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. DA Davidson reduced their price objective on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.50.
View Our Latest Stock Report on AMKR
Hedge Funds Weigh In On Amkor Technology
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new position in shares of Amkor Technology during the third quarter worth about $39,000. Larson Financial Group LLC grew its stake in Amkor Technology by 46.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $56,000 after buying an additional 580 shares in the last quarter. Ulland Investment Advisors LLC purchased a new position in Amkor Technology in the 3rd quarter worth approximately $82,000. Quarry LP increased its holdings in shares of Amkor Technology by 421.8% in the 3rd quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock worth $96,000 after buying an additional 2,535 shares during the last quarter. Finally, 1620 Investment Advisors Inc. lifted its holdings in shares of Amkor Technology by 400.8% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 3,826 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 3,062 shares during the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.
Amkor Technology Trading Up 1.8 %
NASDAQ:AMKR opened at $25.91 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. Amkor Technology has a 1 year low of $24.10 and a 1 year high of $44.86. The company has a market cap of $6.39 billion, a P/E ratio of 17.51 and a beta of 1.83. The stock’s fifty day moving average price is $26.12 and its two-hundred day moving average price is $30.29.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. Amkor Technology’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. As a group, analysts expect that Amkor Technology will post 1.38 EPS for the current year.
Amkor Technology Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were given a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Wednesday, December 4th. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio (DPR) is 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.
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