Amkor Technology, Inc. (NASDAQ:AMKR) Short Interest Down 7.9% in November

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 4,690,000 shares, a decline of 7.9% from the November 15th total of 5,090,000 shares. Based on an average daily volume of 1,420,000 shares, the short-interest ratio is presently 3.3 days. Approximately 4.8% of the shares of the company are sold short.

Amkor Technology Trading Up 1.7 %

Shares of NASDAQ:AMKR traded up $0.44 during trading on Monday, reaching $26.98. 1,334,426 shares of the company traded hands, compared to its average volume of 1,315,279. The business's fifty day moving average is $27.64 and its 200-day moving average is $32.00. Amkor Technology has a 52-week low of $24.10 and a 52-week high of $44.86. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 17.93 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts forecast that Amkor Technology will post 1.42 EPS for the current year.

Amkor Technology Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 4th will be paid a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 1.23%. This is a boost from Amkor Technology's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, December 4th. Amkor Technology's dividend payout ratio is presently 22.30%.

Insider Buying and Selling

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the sale, the chief executive officer now owns 204,971 shares of the company's stock, valued at $6,458,636.21. The trade was a 4.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 31.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Amkor Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. purchased a new stake in Amkor Technology during the second quarter valued at $31,000. Capital Performance Advisors LLP bought a new position in shares of Amkor Technology in the 3rd quarter worth approximately $39,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Amkor Technology in the second quarter worth approximately $40,000. Larson Financial Group LLC boosted its stake in shares of Amkor Technology by 911.3% during the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 1,130 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Amkor Technology during the 2nd quarter valued at $52,000. Hedge funds and other institutional investors own 42.76% of the company's stock.

Analyst Upgrades and Downgrades

AMKR has been the subject of a number of recent analyst reports. DA Davidson reduced their target price on Amkor Technology from $40.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, October 29th. The Goldman Sachs Group lowered their target price on shares of Amkor Technology from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price objective on Amkor Technology from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 29th. StockNews.com lowered Amkor Technology from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. Finally, KeyCorp cut their price objective on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.29.

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.