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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, February 12th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.07. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the business earned $0.67 EPS. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. 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 Stock Up 1.8 %

Shares of Amkor Technology stock opened at $30.62 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.31 and a quick ratio of 2.02. Amkor Technology has a 1 year low of $17.58 and a 1 year high of $37.00. The firm’s 50-day moving average is $31.57 and its two-hundred day moving average is $29.59. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 20.97 and a beta of 1.96.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were issued a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Monday, March 11th. Amkor Technology’s payout ratio is 21.23%.

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 value of $765,750.00. Following the completion of the transaction, the chief executive officer now directly owns 123,728 shares of the company’s stock, valued at approximately $3,789,788.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $30.34, for a total transaction of $81,918.00. Following the completion of the transaction, the chief financial officer now directly owns 38,811 shares of the company’s stock, valued at approximately $1,177,525.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 123,728 shares of the company’s stock, valued at $3,789,788.64. The disclosure for this sale can be found here. Insiders sold 80,500 shares of company stock valued at $2,494,720 in the last three months. 31.40% of the stock is owned by insiders.

Analyst Ratings Changes

AMKR has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Amkor Technology in a report on Thursday, February 29th. They issued a “neutral” rating and a $32.00 price target on the stock. Fox Advisors initiated coverage on shares of Amkor Technology in a report on Thursday, March 14th. They issued an “equal weight” rating on the stock. Finally, Needham & Company LLC initiated coverage on shares of Amkor Technology in a report on Tuesday, April 9th. They issued a “buy” rating and a $40.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Amkor Technology presently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

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 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.