Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Wednesday, September 2nd will be paid a dividend of 0.0835 per share by the semiconductor company on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 2nd.
Amkor Technology has raised its dividend by an average of 0.5%annually over the last three years and has raised its dividend every year for the last 4 years. Amkor Technology has a dividend payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Amkor Technology to earn $2.73 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 12.1%.
Amkor Technology Price Performance
Amkor Technology stock opened at $55.59 on Thursday. The stock has a market cap of $13.81 billion, a P/E ratio of 24.93 and a beta of 2.24. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $68.84 and a 200-day simple moving average of $60.90. Amkor Technology has a 12-month low of $22.74 and a 12-month high of $96.68.
Insider Buying and Selling at Amkor Technology
In related news, Director Winston J. Churchill sold 5,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $78.20, for a total transaction of $391,000.00. Following the completion of the sale, the director owned 28,781 shares of the company’s stock, valued at approximately $2,250,674.20. This represents a 14.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the completion of the transaction, the director directly owned 486,732 shares in the company, valued at approximately $26,940,616.20. This represents a 4.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 50,221 shares of company stock worth $3,129,287. Company insiders own 26.40% of the company’s stock.
Institutional Investors Weigh In On Amkor Technology
Several hedge funds have recently modified their holdings of AMKR. CoreCap Advisors LLC lifted its position in shares of Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 158 shares in the last quarter. Clearstead Trust LLC acquired a new position in Amkor Technology in the second quarter worth about $43,000. Ceredex Value Advisors LLC bought a new stake in shares of Amkor Technology in the 2nd quarter valued at approximately $47,000. Solstein Capital LLC bought a new stake in Amkor Technology during the second quarter valued at $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Amkor Technology during the second quarter worth about $54,000. 42.76% of the stock is currently owned by hedge funds and other institutional investors.
Amkor Technology Company Profile
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.
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