Amkor Technology (NASDAQ:AMKR – Get Rating ) is scheduled to release its earnings data after the market closes on Monday, October 31st. Analysts expect Amkor Technology to post earnings of $0.92 per share for the quarter. Parties interested in participating in the company’s conference call may do so via this link.
Amkor Technology (NASDAQ:AMKR – Get Rating ) last posted its quarterly earnings data on Monday, August 1st. The semiconductor company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Amkor Technology had a net margin of 10.65% and a return on equity of 22.93%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.52 billion. In the same quarter last year, the company posted earnings of $0.51 per share. The company’s revenue increased by 7.0% year-on-year. On average, analysts expect Amkor Technology to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Amkor Technology Price Performance
Shares of NASDAQ AMKR opened at $19.07 on Monday. Amkor Technology has a fifty-two week low of $14.89 and a fifty-two week high of $26.64. The firm’s 50-day simple moving average is $18.99, and its 200-day simple moving average is $18.94. The company has a quick ratio of 1.30, a current ratio of 1.66 and a debt-to-equity ratio of 0.30. The stock has a market cap of $4.67 billion, a P/E ratio of 6.88 and a beta of 1.52.
Amkor Technology Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Tuesday, September 6th were given a dividend of $0.05 per share. The ex-dividend date was Friday, September 2nd. This represents a $0.20 annual dividend and a yield of 1.05%. Amkor Technology’s dividend payout ratio (DPR) is currently 7.09%.
Analysts set new price targets
AMKR has been the subject of a number of analyst reports. StockNews.com started coverage on Amkor Technology in a report on Wednesday, October 12th. They assign a “buy” rating to the company. DA Davidson began coverage on Amkor Technology in a report on Wednesday, June 29th. They set a “buy” rating and a $30.00 target price on the stock.
Amkor Technology Insider Transactions
In other Amkor Technology news, CFO Megan Faust sold 6,000 shares of Amkor Technology stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $19.07, for a total value of $114,420.00. Following the completion of the transaction, 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 legal filing with the Securities and Exchange Commission, which is available at this hyperlink. In other Amkor Technology news, CFO Megan Faust sold 6,000 shares of the company’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $19.07, for a total value of $114,420.00. Following the sale, the chief financial officer now owns 8,512 shares in the company, valued at approximately $162,323.84. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available at this link. Also, CEO Guillaume Marie Jean Rutten sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $22.01 for a total value of $1,320,600.00. Following the transaction, the chief executive officer now directly owns 245,000 shares in the company, valued at $5,392,450. Disclosure of this sale can be found here. Over the last three months, insiders have sold 72,000 shares of company stock valued at $1,549,440. 56.50% of the shares are owned by company insiders.
Hedge funds weigh Amkor Technology
Several institutional investors and hedge funds have recently bought and sold shares of AMKR. Raymond James & Associates boosted its stake in shares of Amkor Technology by 4.0% in the first quarter. Raymond James & Associates now owns 79,509 shares of the semiconductor company’s stock valued at $1,727,000 after purchasing an additional 3,030 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Amkor Technology in the first quarter valued at $868,000. Bank of New York Mellon Corp boosted its stake in shares of Amkor Technology by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 1,334,042 shares of the semiconductor company’s stock valued at $28,975,000 after purchasing an additional 10,751 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Amkor Technology in the first quarter valued at $330,000. Finally, MetLife Investment Management LLC boosted its stake in shares of Amkor Technology by 40.3% in the first quarter. MetLife Investment Management LLC now owns 117,317 shares of the semiconductor company’s stock valued at $2,548,000 after buying an additional 33,685 shares during the last quarter. 38.69% of the shares are owned by 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 the rest of the Asia Pacific region. Offers turnkey packaging and test services including semiconductor wafers, wafer probe, wafer back grinding, package design, packaging and test and shipping services.
This instant news alert is generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Amkor Technology, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients daily. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes a nosedive … and Amkor Technology wasn’t on the list.
While Amkor Technology currently has a “Buy” rating among analysts, the top-rated analysts think these five stocks are better buys.
Check out the five stocks here