Amkor Technology Target of Unusually High Options Trading (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) was the recipient of unusually large options trading on Monday. Traders purchased 15,025 put options on the stock. This is an increase of approximately 544% compared to the typical daily volume of 2,333 put options.

Insiders Place Their Bets

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the sale, the chief executive officer now directly owns 204,971 shares of the company's stock, valued at approximately $6,458,636.21. The trade was a 4.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 31.40% of the company's stock.

Hedge Funds Weigh In On Amkor Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its position in Amkor Technology by 13.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 19,110 shares of the semiconductor company's stock worth $765,000 after acquiring an additional 2,206 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Amkor Technology by 3.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,906 shares of the semiconductor company's stock valued at $997,000 after purchasing an additional 859 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Amkor Technology in the 2nd quarter valued at $1,299,000. Signaturefd LLC lifted its position in Amkor Technology by 67.3% during the 2nd quarter. Signaturefd LLC now owns 4,553 shares of the semiconductor company's stock worth $182,000 after buying an additional 1,832 shares in the last quarter. Finally, Maryland State Retirement & Pension System acquired a new position in shares of Amkor Technology during the 2nd quarter worth about $351,000. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Trading Down 1.0 %

NASDAQ:AMKR traded down $0.27 on Monday, reaching $25.79. The company's stock had a trading volume of 707,164 shares, compared to its average volume of 1,315,336. The firm has a market cap of $6.36 billion, a PE ratio of 17.43 and a beta of 1.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The business's 50-day moving average price is $26.75 and its two-hundred day moving average price is $31.50. Amkor Technology has a 1-year low of $24.10 and a 1-year high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $1.86 billion during the quarter, compared to analyst estimates 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 for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Equities research analysts anticipate that Amkor Technology will post 1.42 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were issued a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.28%. This is a positive change from Amkor Technology's previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, December 4th. Amkor Technology's dividend payout ratio (DPR) is presently 22.30%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMKR shares. The Goldman Sachs Group cut their price objective on shares of Amkor Technology from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, October 29th. JPMorgan Chase & Co. cut their price target on Amkor Technology from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. DA Davidson decreased 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. Needham & Company LLC cut their target price on Amkor Technology from $45.00 to $34.00 and set a "buy" rating on the stock in a research note on Tuesday, October 29th. Finally, Morgan Stanley decreased their target price on Amkor Technology from $35.00 to $26.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.