Short Interest in Amkor Technology, Inc. (NASDAQ:AMKR) Expands By 5.9%

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 3,970,000 shares, a growth of 5.9% from the September 30th total of 3,750,000 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily volume of 1,580,000 shares, the days-to-cover ratio is presently 2.5 days.

Amkor Technology Price Performance

Shares of AMKR traded down $1.28 on Thursday, reaching $25.45. The stock had a trading volume of 2,377,658 shares, compared to its average volume of 1,336,257. The firm has a 50-day moving average of $30.49 and a 200 day moving average of $33.22. The firm has a market capitalization of $6.27 billion, a PE ratio of 17.20 and a beta of 1.84. Amkor Technology has a twelve month low of $17.58 and a twelve month high of $44.86. The company has a quick ratio of 1.83, a current ratio of 2.08 and a debt-to-equity ratio of 0.23.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 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 business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Amkor Technology's quarterly revenue was up 2.2% on a year-over-year basis. Sell-side analysts expect that Amkor Technology will post 1.55 EPS for the current 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 given a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, September 3rd. Amkor Technology's payout ratio is 20.95%.

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were 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 approximately $6,458,636.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Winston J. Churchill sold 20,000 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total transaction of $659,400.00. Following the transaction, the director now owns 19,871 shares in the company, valued at $655,146.87. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by insiders.

Institutional Trading of Amkor Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. 1620 Investment Advisors Inc. acquired a new position in Amkor Technology in the 2nd quarter valued at about $31,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Amkor Technology during the second quarter valued at approximately $40,000. Headlands Technologies LLC acquired a new stake in Amkor Technology during the first quarter worth approximately $43,000. Larson Financial Group LLC grew its stake in Amkor Technology by 911.3% in 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 period. Finally, Rothschild Investment LLC acquired a new position in Amkor Technology in the 2nd quarter valued at $52,000. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on AMKR. Morgan Stanley reduced their price target on shares of Amkor Technology from $35.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Tuesday. StockNews.com lowered Amkor Technology from a "buy" rating to a "hold" rating in a research report on Tuesday. Needham & Company LLC reduced 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. KeyCorp lowered their price objective on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Amkor Technology from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.