Amkor Technology Target of Unusually High Options Trading (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR) was the target of unusually large options trading on Thursday. Stock investors purchased 46,109 put options on the company. This is an increase of 1,317% compared to the typical volume of 3,253 put options.

Amkor Technology Stock Down 5.4 %

AMKR stock opened at $18.32 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The firm has a market capitalization of $4.52 billion, a P/E ratio of 12.81 and a beta of 1.88. Amkor Technology has a 52-week low of $18.20 and a 52-week high of $44.86. The company’s 50 day simple moving average is $22.16 and its 200-day simple moving average is $25.83.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.43 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%. As a group, equities research analysts anticipate that Amkor Technology will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be issued a $0.0827 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.81%. Amkor Technology’s dividend payout ratio is 23.08%.

Analyst Ratings Changes

A number of research firms have weighed in on AMKR. B. Riley cut their target price on Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Melius Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Morgan Stanley lowered their target price on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 price target on shares of Amkor Technology in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Five investment 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, the company presently has an average rating of “Moderate Buy” and an average price target of $31.50.

Insider Buying and Selling

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the transaction, the insider now owns 10,020,870 shares of the company’s stock, valued at approximately $218,956,009.50. This trade represents a 7.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total transaction of $119,056.41. Following the completion of the sale, the executive vice president now directly owns 1,388 shares of the company’s stock, valued at approximately $30,105.72. This represents a 79.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 31.40% of the company’s stock.

Institutional Trading of Amkor Technology

A number of hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in Amkor Technology in the 4th quarter valued at approximately $27,000. Jones Financial Companies Lllp grew its holdings in shares of Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 1,160 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Amkor Technology by 421.0% in the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 1,242 shares during the last quarter. Hurley Capital LLC purchased a new stake in shares of Amkor Technology during the fourth quarter worth $43,000. Finally, Larson Financial Group LLC boosted its position in Amkor Technology by 46.3% during the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 580 shares during the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

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.