Amkor Technology Sees Unusually Large Options Volume (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR) saw some unusual options trading on Friday. Stock traders bought 17,241 put options on the stock. This is an increase of 532% compared to the average daily volume of 2,728 put options.

Amkor Technology Trading Down 0.2 %

NASDAQ:AMKR traded down $0.05 on Friday, reaching $25.86. The company’s stock had a trading volume of 389,026 shares, compared to its average volume of 1,193,380. Amkor Technology has a 1-year low of $24.10 and a 1-year high of $44.86. The business’s 50-day moving average price is $26.11 and its two-hundred day moving average price is $29.90. The firm has a market cap of $6.38 billion, a PE ratio of 17.47 and a beta of 1.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06.

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

Amkor Technology Increases Dividend

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

Hedge Funds Weigh In On Amkor Technology

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in Amkor Technology by 8.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,188 shares of the semiconductor company’s stock valued at $168,000 after acquiring an additional 333 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Amkor Technology by 1.7% in the third quarter. Ritholtz Wealth Management now owns 21,717 shares of the semiconductor company’s stock valued at $665,000 after purchasing an additional 357 shares during the last quarter. Highland Capital Management LLC raised its holdings in Amkor Technology by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company’s stock valued at $201,000 after acquiring an additional 482 shares during the period. Larson Financial Group LLC increased its stake in shares of Amkor Technology by 46.3% during the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $56,000 after purchasing an additional 580 shares during the period. Finally, Freedom Investment Management Inc. lifted its holdings in shares of Amkor Technology by 5.4% during the third quarter. Freedom Investment Management Inc. now owns 15,476 shares of the semiconductor company’s stock worth $474,000 after buying an additional 792 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Wall Street Analyst Weigh In

AMKR has been the topic of several recent research reports. DA Davidson reduced their target price on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Needham & Company LLC cut their price target on Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. KeyCorp reduced their price target on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Amkor Technology currently has a consensus rating of “Hold” and a consensus target price 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.