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

Amkor Technology, Inc. (NASDAQ:AMKR) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend 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 dividend payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 3.5 %

Shares of Amkor Technology stock traded down $0.81 during midday trading on Friday, reaching $22.20. 764,897 shares of the company’s stock traded hands, compared to its average volume of 1,600,446. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 15.52 and a beta of 1.81. The company’s 50 day simple moving average is $25.08 and its 200 day simple moving average is $27.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. Amkor Technology has a 52 week low of $21.46 and a 52 week high of $44.86.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMKR. B. Riley lowered their target price on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. KeyCorp lowered their target price on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and decreased their price target for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. The Goldman Sachs Group decreased their price target on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amkor Technology currently has an average rating of “Hold” and an average price target of $31.50.

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.