Traders Purchase Large Volume of Amkor Technology Put Options (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) saw some unusual options trading activity on Tuesday. Stock investors acquired 22,027 put options on the stock. This is an increase of 1,474% compared to the typical daily volume of 1,399 put options.

Insider Activity

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 204,971 shares in the company, valued at $6,458,636.21. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the transaction, the chief executive officer now directly owns 204,971 shares of the company's stock, valued at $6,458,636.21. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Winston J. Churchill sold 20,000 shares of Amkor Technology stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the sale, the director now directly owns 19,871 shares of the company's stock, valued at $655,146.87. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 31.40% of the company's stock.

Hedge Funds Weigh In On Amkor Technology

A number of hedge funds have recently bought and sold shares of the company. M&G Plc bought a new stake in Amkor Technology in the first quarter worth $11,435,000. Duality Advisers LP purchased a new stake in shares of Amkor Technology during the first quarter valued at approximately $849,000. Capital World Investors purchased a new position in shares of Amkor Technology in the first quarter worth $9,288,000. Vanguard Group Inc. raised its position in Amkor Technology by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 14,976,630 shares of the semiconductor company's stock worth $482,847,000 after buying an additional 219,638 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Amkor Technology during the 1st quarter valued at $1,257,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Price Performance

AMKR stock traded down $1.55 during trading on Tuesday, reaching $27.98. 5,919,123 shares of the company were exchanged, compared to its average volume of 1,325,689. Amkor Technology has a twelve month low of $17.58 and a twelve month high of $44.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.08 and a quick ratio of 1.83. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 18.41 and a beta of 1.84. The company has a 50-day moving average of $30.62 and a two-hundred day moving average of $33.26.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly 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 9.41% and a net margin of 5.87%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company posted $0.54 earnings per share. The firm's quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities analysts predict that Amkor Technology will post 1.55 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.079 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.13%. Amkor Technology's dividend payout ratio (DPR) is currently 20.39%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. DA Davidson lowered their target price on shares of Amkor Technology from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. cut their target price on Amkor Technology from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday. The Goldman Sachs Group decreased their price target on Amkor Technology from $36.00 to $32.00 and set a "neutral" rating on the stock in a research report on Tuesday. StockNews.com cut shares of Amkor Technology from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Needham & Company LLC decreased their target price on shares of Amkor Technology from $45.00 to $34.00 and set a "buy" rating on the stock in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Amkor Technology currently has an average rating of "Moderate Buy" and an average price target of $35.63.

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.