Amkor Technology (NASDAQ:AMKR) Releases Q3 2022 Earnings Guidance

Amkor Technology (NASDAQ:AMKRGet Rating) issued an update on its third quarter 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.82-$1.02 for the period, compared to the consensus estimate of $0.80. The company issued revenue guidance of $1.88 billion-$1.98 billion, compared to the consensus revenue estimate of $1.79 billion.

Amkor Technology Stock Performance

NASDAQ AMKR traded down $0.38 during trading hours on Friday, hitting $22.65. The company had a trading volume of 754,647 shares, compared to its average volume of 955,773. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.49 and a current ratio of 1.66. Amkor Technology has a 1-year low of $14.89 and a 1-year high of $29.50. The company has a market cap of $5.54 billion, a PE ratio of 8.03 and a beta of 1.55. The business has a 50 day moving average of $18.41 and a 200-day moving average of $20.09.

Amkor Technology (NASDAQ:AMKRGet Rating) last released its quarterly earnings data on Monday, August 1st. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Amkor Technology had a net margin of 10.65% and a return on equity of 22.93%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Amkor Technology’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities research analysts expect that Amkor Technology will post 2.92 EPS for the current year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 27th. Stockholders of record on Tuesday, June 7th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 6th. This represents a $0.20 annualized dividend and a dividend yield of 0.88%. Amkor Technology’s dividend payout ratio (DPR) is 7.09%.

Analyst Ratings Changes

Separately, DA Davidson started coverage on shares of Amkor Technology in a research report on Wednesday, June 29th. They issued a buy rating and a $30.00 price objective for the company.

Insider Buying and Selling

In related news, CFO Megan Faust sold 12,000 shares of the business’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $19.07, for a total transaction of $228,840.00. Following the completion of the sale, the chief financial officer now owns 8,512 shares of the company’s stock, valued at approximately $162,323.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Megan Faust sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $19.07, for a total value of $228,840.00. Following the completion of the sale, the chief financial officer now directly owns 8,512 shares of the company’s stock, valued at approximately $162,323.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $22.01, for a total transaction of $1,320,600.00. Following the completion of the sale, the chief executive officer now owns 245,000 shares in the company, valued at $5,392,450. The disclosure for this sale can be found here. Insiders have sold 78,000 shares of company stock valued at $1,668,840 in the last quarter. Company insiders own 56.50% of the company’s stock.

Institutional Trading of Amkor Technology

Several large investors have recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in Amkor Technology in the 1st quarter valued at $38,000. Advisors Asset Management Inc. boosted its stake in shares of Amkor Technology by 57.3% in the 1st quarter. Advisors Asset Management Inc. now owns 2,936 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 1,069 shares during the last quarter. Covestor Ltd boosted its stake in shares of Amkor Technology by 169.2% in the 1st quarter. Covestor Ltd now owns 5,133 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 3,226 shares during the last quarter. Captrust Financial Advisors boosted its stake in Amkor Technology by 23.2% during the 1st quarter. Captrust Financial Advisors now owns 6,162 shares of the semiconductor company’s stock worth $134,000 after acquiring an additional 1,161 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Amkor Technology during the 1st quarter worth approximately $230,000. 59.68% of the stock is owned by institutional investors.

Amkor Technology Company Profile

(Get Rating)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.

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