Amkor Technology, Inc. (NASDAQ:AMKR) Announces $0.08 Quarterly Dividend

Amkor Technology, Inc. (NASDAQ:AMKR) declared a quarterly dividend on Tuesday, August 15th, Zacks reports. Shareholders of record on Tuesday, September 5th will be paid a dividend of 0.075 per share by the semiconductor company on Monday, September 25th. This represents a $0.30 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, September 1st.

Amkor Technology has a dividend payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Amkor Technology to earn $2.55 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 11.8%.

Amkor Technology Stock Performance

NASDAQ AMKR opened at $27.91 on Thursday. The business has a 50 day moving average price of $27.85 and a 200 day moving average price of $25.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.56. The company has a market capitalization of $6.86 billion, a P/E ratio of 11.88 and a beta of 1.76. Amkor Technology has a 1-year low of $16.13 and a 1-year high of $31.38.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Amkor Technology had a return on equity of 15.77% and a net margin of 8.38%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue was down 3.1% on a year-over-year basis. Sell-side analysts expect that Amkor Technology will post 1.6 EPS for the current fiscal year.

Analyst Ratings Changes

AMKR has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of Amkor Technology in a research note on Thursday, August 17th. They set a “hold” rating for the company. DA Davidson raised their price target on Amkor Technology from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st.

Insider Activity at Amkor Technology

In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $24.79, for a total value of $66,933.00. Following the transaction, the chief financial officer now directly owns 35,394 shares in the company, valued at approximately $877,417.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders sold 10,800 shares of company stock valued at $286,551. 53.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Securities LLC purchased a new position in Amkor Technology in the 2nd quarter valued at about $228,000. HighTower Advisors LLC purchased a new position in Amkor Technology in the 1st quarter valued at about $207,000. Captrust Financial Advisors lifted its holdings in Amkor Technology by 63.1% in the 3rd quarter. Captrust Financial Advisors now owns 12,022 shares of the semiconductor company’s stock valued at $205,000 after purchasing an additional 4,650 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Amkor Technology by 11.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,808 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 506 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Amkor Technology by 169.2% during the 1st quarter. Covestor Ltd now owns 5,133 shares of the semiconductor company’s stock worth $112,000 after acquiring an additional 3,226 shares during the period. 38.69% of the stock is currently owned by hedge funds and other institutional investors.

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 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.