Amkor Technology (AMKR) is scheduled to report quarterly results on Monday

Amkor Technology (NASDAQ:AMKR – Get Rating) is expected to release its earnings data after the market close on Monday, October 31st. Analysts expect Amkor Technology to report earnings per share of $0.92 for the quarter. Those interested in participating in the company’s conference call can do so via this link.

Amkor Technology (NASDAQ:AMKR – Get Rating) last issued its quarterly earnings data on Monday, August 1st. The semiconductor company reported $0.51 per share for the quarter, beating analysts’ consensus estimate of $0.47 by $0.04. Amkor Technology had a net margin of 10.65% and a return on equity of 22.93%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.52 billion. In the same quarter last year, the company posted earnings per share of $0.51. The company’s revenue increased 7.0% year over year. On average, analysts expect Amkor Technology to post earnings per share of $3 for the current fiscal year and $3 for the next fiscal year.

Value for money from Amkor Technology

NASDAQ AMKR shares opened at $19.07 on Monday. Amkor Technology has a 52-week low of $14.89 and a 52-week high of $26.64. The company’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 of 6.88, and a beta of 1.52.

Amkor Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 26th. A dividend of $0.05 per share was paid to shareholders of record on Tuesday, September 6th. The ex-dividend date was Friday September 2nd. This equates to an annualized dividend of $0.20 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 research analyst reports. StockNews.com began reporting on Amkor Technology on Wednesday, October 12th. They give the company a “buy” rating. DA Davidson reported on Amkor Technology in a report on Wednesday, June 29th. They put a “buy” rating on the stock and a price target of $30.00.

Insider Transactions at Amkor Technology

In other Amkor Technology news, CFO Megan Faust sold 6,000 shares of Amkor Technology in one transaction on Thursday, October 6th. The stock sold at an average price of $19.07 for a total value of $114,420.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 8,512 shares of the Company, valued at approximately $162,323.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission available at this hyperlink. In other news from Amkor Technology, CFO Megan Faust sold 6,000 shares of the company’s stock in a transaction on Thursday, October 6th. The stock 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 of the company, valued at approximately $162,323.84. The transaction was disclosed in a filing with the Securities & Exchange Commission available at this link. Also, CEO Guillaume Marie Jean Rutten sold 60,000 shares of the company’s stock in a transaction that took place on Tuesday, August 2nd. The stock 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 of the company valued at $5,392,450. The disclosure for this sale can be found here. Over the past three months, insiders sold 72,000 shares of the company’s shares, valued at $1,549,440. 56.50% of the shares are owned by company insiders.

Hedge funds rely on Amkor technology

Several institutional investors and hedge funds have recently bought and sold AMKR shares. Raymond James & Associates increased its stake in Amkor Technology by 4.0% during the first quarter. Raymond James & Associates now owns 79,509 shares of the semiconductor company, valued at $1,727,000, after purchasing an additional 3,030 shares last quarter. Raymond James Financial Services Advisors Inc. acquired a new interest in Amkor Technology valued at $868,000 during the first quarter. Bank of New York Mellon Corp increased its stake in Amkor Technology by 0.8% in the first quarter. The Bank of New York Mellon Corp now owns 1,334,042 shares of the semiconductor company, valued at $28,975,000, after buying another 10,751 shares last quarter. Private Advisor Group LLC acquired a new position in Amkor Technology stock valued at $330,000 during the first quarter. Finally, MetLife Investment Management LLC increased its stake in Amkor Technology by 40.3% during the first quarter. MetLife Investment Management LLC now owns 117,317 shares of the semiconductor company, valued at $2,548,000, after purchasing an additional 33,685 shares last quarter. 38.69% of the shares are owned by institutional investors.

Company profile of Amkor Technology

(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 Asia Pacific. It provides turnkey packaging and testing services, including semiconductor wafer bump, wafer probe, wafer backside grind, package design, packaging, and testing and drop-shipping services.

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Earnings History for Amkor Technology (NASDAQ:AMKR)

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