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

Amkor Technology, Inc. (NASDAQ:AMKR) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 4,270,000 shares, a drop of 6.2% from the December 31st total of 4,550,000 shares. Based on an average trading volume of 1,280,000 shares, the short-interest ratio is currently 3.3 days. Approximately 4.3% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMKR. JPMorgan Chase & Co. lowered their price objective on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. KeyCorp lowered their price target on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Melius Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and reduced their target price for the company from $34.00 to $30.00 in a research note on Monday, January 6th. Finally, DA Davidson dropped their price target on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Amkor Technology has an average rating of “Hold” and a consensus target price of $35.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new position in shares of Amkor Technology during the third quarter valued at approximately $39,000. Larson Financial Group LLC grew its stake in shares of Amkor Technology by 46.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $56,000 after buying an additional 580 shares during the last quarter. Ulland Investment Advisors LLC bought a new position in Amkor Technology during the 3rd quarter valued at approximately $82,000. Quarry LP raised its stake in Amkor Technology by 421.8% during the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock valued at $96,000 after buying an additional 2,535 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Amkor Technology by 36.9% in the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 922 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Stock Down 1.0 %

Shares of NASDAQ AMKR traded down $0.26 during mid-day trading on Friday, hitting $24.61. 1,419,184 shares of the stock traded hands, compared to its average volume of 1,237,440. The stock has a fifty day moving average price of $25.98 and a 200-day moving average price of $29.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 16.63 and a beta of 1.83. Amkor Technology has a 52 week low of $23.36 and a 52 week high of $44.86.

Amkor Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were given a $0.0827 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.34%. Amkor Technology’s dividend payout ratio is currently 22.30%.

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.