Amkor Technology (NASDAQ:AMKR – Get Rating ) is scheduled to announce its earnings results after the market closes on Monday, May 1st. Analysts expect the company to post earnings of $0.18 per share for the quarter. Amkor Technology set its Q1 guidance at $0.06-$0.22 EPS. Investors interested in registering for the company’s conference call can do so using this link.
Amkor Technology (NASDAQ:AMKR – Get Rating ) last announced its quarterly earnings data on Monday, February 13th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.85 billion. Amkor Technology had a net margin of 10.80% and a return on equity of 22.57%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. In the same quarter last year, the business reported $0.88 earnings per share. On average, analysts expect Amkor Technology to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Amkor Technology fell 0.9%
Shares of AMKR stock opened at $23.43 on Monday. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 7.53 and a beta of 1.76. The company has a debt-to-equity ratio of 0.29, a quick earnings ratio of 1.61 and a current ratio of 1.99. The business’s fifty day moving average is $25.33 and the two hundred day moving average is $25.32. Amkor Technology has a 52-week low of $14.89 and a 52-week high of $31.38.
Amkor Technology announces dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 20th. Shareholders of record on Tuesday, February 28th were given a $0.075 dividend. The previous date of this dividend was Monday, February 27th. This represents a $0.30 annual dividend and a dividend yield of 1.28%. Amkor Technology’s dividend payout ratio is currently 9.65%.
Insider buying and selling
In related news, CFO Megan Faust sold 6,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $24.08, for a total transaction of $144,480.00. Following the sale, the chief financial officer now owns 35,394 shares of the company’s stock, valued at approximately $852,287.52. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available at this link. In related news, CFO Megan Faust sold 6,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $24.08, for a total transaction of $144,480.00. Following the sale, the chief financial officer now owns 35,394 shares of the company’s stock, valued at approximately $852,287.52. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available at this link. Also, CEO Guillaume Marie Jean Rutten sold 30,000 shares of the firm’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $23.92, for a total value of $717,600.00. Following the sale, the chief executive officer now directly owns 119,808 shares in the company, valued at approximately $2,865,807.36. Disclosure of this sale can be found here. In the last quarter, insiders sold 2,026,250 shares of company stock valued at $51,141,275. 56.50% of the shares are owned by company insiders.
Amkor Technology Institutional Trading
Several hedge funds and other institutional investors have recently modified their holdings of AMKR. PNC Financial Services Group Inc. boosted its stake in shares of Amkor Technology by 11.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,808 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 506 shares during the period. Alliancebernstein LP boosted its stake in shares of Amkor Technology by 0.3% in the fourth quarter. Alliancebernstein LP now owns 242,632 shares of the semiconductor company’s stock valued at $5,818,000 after purchasing an additional 633 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Amkor Technology by 4.7% during the third quarter. Mercer Global Advisors Inc. ADV now owns 17,127 shares of the semiconductor company’s stock valued at $292,000 after buying an additional 768 shares during the period. Advisors Asset Management Inc. raised its position in Amkor Technology by 57.3% during the first 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. Finally, Captrust Financial Advisors raised its position in Amkor Technology by 23.2% in the first quarter. Captrust Financial Advisors now owns 6,162 shares of the semiconductor company’s stock valued at $134,000 after buying an additional 1,161 shares in the last quarter. Institutional investors and hedge funds own 38.07% of the company’s shares.
Analysts set new price targets
Separately, StockNews.com upgraded Amkor Technology from a “hold” rating to a “buy” rating in a research report on Saturday, March 11th.
Amkor Technology Company Profile
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Amkor Technology, Inc provides outsourced semiconductor packaging and testing services. Its services include design, package characterization, testing and wafer bumping services. The company’s operations include manufacturing facilities, product development centers, and sales and support offices. The company was founded in 1986 and is headquartered in Tempe, Arizona.
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