Amkor Technology, Inc. (NASDAQ:AMKR) Short Interest Update

Amkor Technology, Inc. (NASDAQ:AMKR) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 4,270,000 shares, a drop of 6.2% from the December 15th total of 4,550,000 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is presently 3.3 days. Currently, 4.3% of the shares of the company are sold short.

Institutional Trading of Amkor Technology

Institutional investors have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in Amkor Technology in the 3rd quarter valued at $39,000. Larson Financial Group LLC increased its position in shares of Amkor Technology by 46.3% in the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after acquiring an additional 580 shares during the last quarter. Ulland Investment Advisors LLC bought a new stake in Amkor Technology during the third quarter worth about $82,000. Quarry LP increased its position in shares of Amkor Technology by 421.8% during the 3rd quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock worth $96,000 after purchasing an additional 2,535 shares during the last quarter. Finally, 1620 Investment Advisors Inc. raised its stake in shares of Amkor Technology by 400.8% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 3,826 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 3,062 shares in the last quarter. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Trading Up 1.8 %

Shares of Amkor Technology stock traded up $0.45 on Friday, hitting $25.91. 1,579,884 shares of the company’s stock traded hands, compared to its average volume of 1,047,994. The firm’s 50-day moving average price is $26.12 and its two-hundred day moving average price is $30.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The stock has a market capitalization of $6.39 billion, a PE ratio of 17.51 and a beta of 1.83. Amkor Technology has a one year low of $24.10 and a one year high of $44.86.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. On average, research analysts expect that Amkor Technology will post 1.38 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were paid a dividend of $0.0827 per share. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, December 4th. Amkor Technology’s dividend payout ratio (DPR) is currently 22.30%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMKR. JPMorgan Chase & Co. cut their price objective on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. DA Davidson decreased their target price on Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. StockNews.com downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Melius Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, Needham & Company LLC dropped their price objective on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amkor Technology currently has an average rating of “Hold” and a consensus price target of $35.50.

About Amkor Technology

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.