Short Interest in Amkor Technology, Inc. (NASDAQ:AMKR) Drops By 16.8%

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 6,040,000 shares, a decrease of 16.8% from the March 15th total of 7,260,000 shares. Based on an average trading volume of 2,350,000 shares, the short-interest ratio is currently 2.6 days. Currently, 6.1% of the shares of the company are short sold.

Amkor Technology Price Performance

NASDAQ:AMKR traded up $0.73 during mid-day trading on Thursday, hitting $17.13. 318,914 shares of the company's stock traded hands, compared to its average volume of 1,730,350. Amkor Technology has a 1 year low of $14.03 and a 1 year high of $44.86. The company has a market cap of $4.23 billion, a PE ratio of 11.99 and a beta of 1.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. The firm's 50 day simple moving average is $18.86 and its 200 day simple moving average is $23.87.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. Sell-side analysts expect that Amkor Technology will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were paid a $0.0827 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.33 annualized dividend and a yield of 1.93%. Amkor Technology's payout ratio is currently 23.08%.

Analyst Upgrades and Downgrades

AMKR has been the topic of several recent research reports. B. Riley cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday. KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a research note on Thursday, April 17th. Melius downgraded Amkor Technology from a "buy" rating to a "hold" rating and decreased their price target for the company from $34.00 to $30.00 in a research note on Monday, January 6th. Melius Research cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Finally, Morgan Stanley decreased their target price on shares of Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $31.50.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, EVP Kevin Engel sold 5,489 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total transaction of $119,056.41. Following the completion of the sale, the executive vice president now directly owns 1,388 shares of the company's stock, valued at approximately $30,105.72. This trade represents a 79.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $21.85, for a total value of $18,999,995.25. Following the completion of the transaction, the insider now directly owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. The trade was a 7.98 % decrease in their position. The disclosure for this sale can be found here. 26.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in shares of Amkor Technology during the 4th quarter valued at about $27,000. Jones Financial Companies Lllp grew its holdings in shares of Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 1,160 shares during the period. Bessemer Group Inc. raised its holdings in Amkor Technology by 421.0% in the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock valued at $39,000 after buying an additional 1,242 shares during the period. Hurley Capital LLC acquired a new stake in shares of Amkor Technology in the fourth quarter worth $43,000. Finally, UMB Bank n.a. raised its stake in shares of Amkor Technology by 677.0% in the 1st quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 1,530 shares during the period. Hedge funds and other institutional investors own 42.76% of the company's stock.

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.