Amkor Technology (AMKR) Set to Announce Earnings on Monday

Amkor Technology (NASDAQ:AMKR) is scheduled to issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the company posted $0.67 earnings per share. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, analysts expect Amkor Technology to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amkor Technology Stock Performance

Shares of Amkor Technology stock opened at $30.62 on Friday. Amkor Technology has a one year low of $17.58 and a one year high of $37.00. The company has a market cap of $7.53 billion, a PE ratio of 20.97 and a beta of 1.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.02 and a current ratio of 2.31. The business has a 50-day simple moving average of $31.57 and a 200-day simple moving average of $29.59.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were given a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Monday, March 11th. Amkor Technology’s dividend payout ratio is presently 21.23%.

Insider Activity at Amkor Technology

In related news, CFO Megan Faust sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $30.34, for a total value of $81,918.00. Following the completion of the transaction, the chief financial officer now directly owns 38,811 shares of the company’s stock, valued at $1,177,525.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $30.34, for a total value of $81,918.00. Following the completion of the sale, the chief financial officer now owns 38,811 shares in the company, valued at $1,177,525.74. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $31.17, for a total value of $779,250.00. Following the completion of the sale, the chief executive officer now owns 114,476 shares of the company’s stock, valued at approximately $3,568,216.92. The disclosure for this sale can be found here. Insiders sold 80,500 shares of company stock valued at $2,494,720 over the last three months. 31.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMKR has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on Amkor Technology in a research report on Thursday, February 29th. They set a “neutral” rating and a $32.00 price objective for the company. Needham & Company LLC initiated coverage on Amkor Technology in a research report on Tuesday, April 9th. They set a “buy” rating and a $40.00 price objective for the company. Finally, Fox Advisors assumed coverage on Amkor Technology in a research report on Thursday, March 14th. They set an “equal weight” rating for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.33.

About Amkor Technology

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.