Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Investors of record on Wednesday, September 2nd will be given 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 increased its dividend annually for the last 4 consecutive years. Amkor Technology has a 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 Stock Performance
Shares of AMKR stock opened at $55.59 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91. The stock has a market cap of $13.81 billion, a PE ratio of 24.93 and a beta of 2.24. The stock has a 50-day moving average of $68.84 and a 200-day moving average of $60.90. Amkor Technology has a one year low of $22.74 and a one year high of $96.68.
Insider Buying and Selling
In other news, Director Douglas A. Alexander sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $55.81, for a total value of $279,050.00. Following the completion of the transaction, the director directly owned 29,109 shares in the company, valued at approximately $1,624,573.29. The trade was a 14.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin K. Engel sold 3,221 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $47.00, for a total transaction of $151,387.00. Following the transaction, the chief executive officer owned 9,666 shares of the company’s stock, valued at approximately $454,302. This represents a 24.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 50,221 shares of company stock valued at $3,129,287 in the last 90 days. 26.40% of the stock is currently owned by corporate insiders.
Institutional Trading of Amkor Technology
A number of hedge funds have recently added to or reduced their stakes in AMKR. Bessemer Group Inc. increased its stake in Amkor Technology by 12.5% during the 1st quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 135 shares in the last quarter. Arista Wealth Management LLC lifted its stake in shares of Amkor Technology by 1.2% in the second quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock worth $1,176,000 after buying an additional 157 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of Amkor Technology by 56.4% in the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after buying an additional 158 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Amkor Technology by 2.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock valued at $387,000 after buying an additional 202 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Amkor Technology by 0.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock valued at $1,430,000 after buying an additional 218 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.
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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