Amkor Technology, Inc. (NASDAQ:AMKR) Plans $0.08 Quarterly Dividend

Amkor Technology, Inc. (NASDAQ:AMKR) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Thursday, March 13th will be given a dividend of 0.0827 per share by the semiconductor company on Wednesday, April 2nd. This represents a $0.33 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, March 13th.

Amkor Technology has raised its dividend payment by an average of 23.3% annually over the last three years. Amkor Technology has a payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Amkor Technology to earn $1.98 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 16.7%.

Amkor Technology Stock Down 3.3 %

Shares of NASDAQ:AMKR opened at $22.24 on Friday. The stock has a market capitalization of $5.49 billion, a P/E ratio of 15.55 and a beta of 1.81. The stock’s 50-day moving average price is $24.99 and its 200-day moving average price is $27.75. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. Amkor Technology has a 12-month low of $21.46 and a 12-month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. On average, equities analysts anticipate that Amkor Technology will post 1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

AMKR has been the topic of a number of analyst reports. Melius cut shares of Amkor Technology from a “buy” rating to a “hold” rating and decreased their price objective for the company from $34.00 to $30.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group cut their price objective on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, Morgan Stanley dropped their price target on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.50.

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.