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

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Traders bought 25,755 put options on the company. This is an increase of approximately 722% compared to the typical volume of 3,135 put options.

Amkor Technology Stock Up 1.5 %

AMKR stock traded up $0.33 during midday trading on Friday, reaching $22.52. 1,532,979 shares of the company's stock traded hands, compared to its average volume of 1,604,231. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 15.21 and a beta of 1.81. The firm's fifty day moving average price is $25.45 and its 200-day moving average price is $28.11. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. Amkor Technology has a 52 week low of $21.46 and a 52 week high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. As a group, sell-side analysts forecast that Amkor Technology will post 1.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amkor Technology

A number of hedge funds have recently bought and sold shares of AMKR. Sanctuary Advisors LLC purchased a new position in Amkor Technology during the 2nd quarter worth $386,000. CWM LLC boosted its holdings in shares of Amkor Technology by 530.1% in the 3rd quarter. CWM LLC now owns 14,863 shares of the semiconductor company's stock worth $455,000 after buying an additional 12,504 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Amkor Technology by 1.7% in the 3rd quarter. Ritholtz Wealth Management now owns 21,717 shares of the semiconductor company's stock worth $665,000 after buying an additional 357 shares during the last quarter. Ulland Investment Advisors LLC purchased a new position in shares of Amkor Technology in the 3rd quarter worth about $82,000. Finally, Teamwork Financial Advisors LLC purchased a new position in shares of Amkor Technology in the 3rd quarter worth about $269,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. DA Davidson dropped their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, October 29th. Morgan Stanley dropped their price objective on shares of Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday. B. Riley dropped their price objective on shares of Amkor Technology from $38.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $34.00 price objective on shares of Amkor Technology in a report on Tuesday. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $31.50.

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.