Amkor Technology (AMKR) Set to Announce Earnings on Monday

Amkor Technology (NASDAQ:AMKR) will release its earnings data after the market closes on Monday, April 29th. Analysts expect Amkor Technology to post earnings of $0.10 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. On average, analysts expect Amkor Technology to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amkor Technology Price Performance

Shares of AMKR opened at $28.50 on Monday. The stock has a market cap of $7.01 billion, a PE ratio of 19.52 and a beta of 1.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.02 and a current ratio of 2.31. Amkor Technology has a fifty-two week low of $17.58 and a fifty-two week high of $37.00. The firm’s 50-day simple moving average is $31.64 and its two-hundred day simple moving average is $29.43.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were issued a $0.079 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Monday, March 11th. Amkor Technology’s dividend payout ratio (DPR) is presently 21.23%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AMKR shares. Needham & Company LLC started coverage on shares of Amkor Technology in a research note on Tuesday, April 9th. They issued a “buy” rating and a $40.00 target price on the stock. Fox Advisors started coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They issued an “equal weight” rating on the stock. Finally, The Goldman Sachs Group started coverage on shares of Amkor Technology in a research note on Thursday, February 29th. They issued a “neutral” rating and a $32.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

Insider Activity at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total transaction of $765,750.00. Following the transaction, the chief executive officer now owns 123,728 shares in the company, valued at $3,789,788.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amkor Technology news, CFO Megan Faust sold 2,800 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $31.09, for a total value of $87,052.00. Following the transaction, the chief financial officer now directly owns 53,023 shares in the company, valued at $1,648,485.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total transaction of $765,750.00. Following the completion of the transaction, the chief executive officer now owns 123,728 shares in the company, valued at $3,789,788.64. The disclosure for this sale can be found here. Insiders have sold a total of 80,500 shares of company stock worth $2,494,720 over the last quarter. Company insiders own 53.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Amkor Technology by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 14,756,992 shares of the semiconductor company’s stock worth $490,965,000 after acquiring an additional 959,838 shares during the period. BlackRock Inc. raised its position in Amkor Technology by 6.3% in the second quarter. BlackRock Inc. now owns 14,142,932 shares of the semiconductor company’s stock worth $420,752,000 after acquiring an additional 835,069 shares during the period. Alliancebernstein L.P. increased its stake in shares of Amkor Technology by 1,757.9% in the second quarter. Alliancebernstein L.P. now owns 4,182,333 shares of the semiconductor company’s stock worth $124,424,000 after purchasing an additional 3,957,221 shares in the last quarter. State Street Corp increased its stake in shares of Amkor Technology by 2.8% in the first quarter. State Street Corp now owns 3,515,892 shares of the semiconductor company’s stock worth $91,484,000 after purchasing an additional 95,883 shares in the last quarter. Finally, SW Investment Management LLC increased its stake in shares of Amkor Technology by 9.1% in the first quarter. SW Investment Management LLC now owns 3,000,000 shares of the semiconductor company’s stock worth $65,165,000 after purchasing an additional 250,000 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors.

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.