Amkor Technology, Inc. (NASDAQ:AMKR) Short Interest Update

Amkor Technology, Inc. (NASDAQ:AMKR) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 9,724,705 shares, a growth of 30.3% from the December 31st total of 7,465,030 shares. Based on an average daily volume of 5,284,729 shares, the days-to-cover ratio is presently 1.8 days. Currently, 5.4% of the shares of the stock are short sold. Currently, 5.4% of the shares of the stock are short sold. Based on an average daily volume of 5,284,729 shares, the days-to-cover ratio is presently 1.8 days.

Insiders Place Their Bets

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $31.68, for a total value of $316,800.00. Following the completion of the sale, the chief executive officer owned 346,699 shares in the company, valued at $10,983,424.32. This represents a 2.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gil C. Tily sold 20,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $46.44, for a total transaction of $928,800.00. Following the sale, the director directly owned 123,806 shares of the company’s stock, valued at $5,749,550.64. This represents a 13.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 96,000 shares of company stock valued at $4,085,910 over the last 90 days. Corporate insiders own 26.90% of the company’s stock.

Hedge Funds Weigh In On Amkor Technology

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in shares of Amkor Technology by 100.6% during the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after acquiring an additional 3,454,012 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Amkor Technology by 305.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock valued at $44,719,000 after buying an additional 1,186,313 shares in the last quarter. AQR Capital Management LLC grew its position in Amkor Technology by 38.3% during the 2nd quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock worth $74,541,000 after purchasing an additional 985,727 shares during the last quarter. American Century Companies Inc. grew its stake in Amkor Technology by 30.0% during the 2nd quarter. American Century Companies Inc. now owns 3,818,331 shares of the semiconductor company’s stock valued at $80,147,000 after purchasing an additional 880,738 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Amkor Technology by 205.5% in the 4th quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company’s stock valued at $49,534,000 after acquiring an additional 843,983 shares during the last quarter. 42.76% of the stock is owned by institutional investors.

Amkor Technology Price Performance

Shares of Amkor Technology stock opened at $48.33 on Monday. Amkor Technology has a 12 month low of $14.03 and a 12 month high of $55.17. The firm has a market capitalization of $11.95 billion, a PE ratio of 38.66 and a beta of 2.00. The business’s 50-day moving average price is $44.52 and its 200-day moving average price is $33.58. The company has a current ratio of 1.77, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 3rd. Amkor Technology’s payout ratio is currently 26.40%.

Analyst Ratings Changes

AMKR has been the topic of several research analyst reports. Needham & Company LLC upped their price objective on Amkor Technology from $37.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research note on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Amkor Technology in a research report on Friday, January 9th. William Blair raised Amkor Technology to a “neutral” rating in a research report on Monday, January 12th. Finally, UBS Group cut shares of Amkor Technology from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $38.00 to $55.00 in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.14.

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.