Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating ) – Equities researchers at DA Davidson issued their Q2 2022 earnings per share estimates for Amkor Technology in a report issued on Thursday, June 30th. DA Davidson analyst T. Diffelli expects that the semiconductor company will earn $0.47 per share for the quarter. DA Davidson has a “Buy” rating and a $30.00 target price on the stock. The consensus estimate for Amkor Technology’s current full-year earnings is $2.70 per share. DA Davidson also issued estimates for Amkor Technology’s FY2022 earnings at $2.70 EPS and FY2023 earnings at $3.00 EPS.
Separately, StockNews.com assumed coverage on Amkor Technology in a report on Thursday, March 31st. They assign a “buy” rating to the company.
Shares of Amkor Technology stock opened at $15.44 on Monday. The stock has a market cap of $3.78 billion, a P/E ratio of 5.48 and a beta of 1.53. The company has a quick ratio of 1.49, a current ratio of 1.81 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average of $18.74 and a 200-day moving average of $21.00. Amkor Technology has a 12-month low of $15.31 and a 12-month high of $29.50. Amkor Technology (NASDAQ:AMKR – Get Rating ) last announced its earnings results on Monday, May 2nd. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The firm had revenue of $1.60 billion during the quarter. Amkor Technology had a return on equity of 24.26% and a net margin of 10.83%.
The company also recently announced a quarterly dividend, which was paid on Monday, June 27th. Investors of record on Tuesday, June 7th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 6th. This represents a dividend of $0.20 on an annualized basis and a dividend yield of 1.30%. Amkor Technology’s payout ratio is 7.09%.
In related news, CFO Megan Faust sold 6,000 shares of the company’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $19.90, for a total value of $119,400.00. Following the completion of the transaction, the chief financial officer now directly owns 8,512 shares in the company, valued at $169,388.80. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available through the SEC’s website. Corporate insiders own 56.50% of the company’s shares.
Institutional investors have recently added to or reduced their stakes in the business. ARK Investment Management LLC acquired a new position in Amkor Technology in the first quarter valued at $178,000. WINTON GROUP Ltd acquired a new position in Amkor Technology in the fourth quarter valued at $530,000. Retirement Systems of Alabama increased its stake in Amkor Technology by 1.2% in the fourth quarter. Retirement Systems of Alabama now owns 131,282 shares of the semiconductor company’s stock valued at $3,254,000 after acquiring an additional 1,566 shares in the last quarter. Citigroup Inc. raised its stake in Amkor Technology by 38.6% during the fourth quarter. Citigroup Inc. now owns 119,001 shares of the semiconductor company’s stock valued at $2,950,000 after acquiring an additional 33,159 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its stake in Amkor Technology by 27.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 5,870 shares of the semiconductor company’s stock valued at $146,000 after acquiring an additional 1,258 shares in the last quarter. Hedge funds and other institutional investors own 59.68% of the company’s shares.
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 region. It offers turnkey packaging and test services, including semiconductor pads, wafer probe, wafer back grinding, package design, packaging, and test and delivery services.
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