Amkor Technology, Inc. (NASDAQ:AMKR) Declares Quarterly Dividend of $0.08

Amkor Technology, Inc. (NASDAQ:AMKR) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Wednesday, June 3rd will be paid a dividend of 0.0835 per share by the semiconductor company on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, June 3rd.

Amkor Technology has increased its dividend payment by an average of 0.5%annually over the last three years and has raised its dividend every year for the last 4 years. Amkor Technology has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Amkor Technology to earn $2.13 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 15.5%.

Amkor Technology Price Performance

AMKR stock opened at $74.61 on Thursday. The company has a market capitalization of $18.49 billion, a P/E ratio of 42.63 and a beta of 2.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. Amkor Technology has a 52-week low of $17.79 and a 52-week high of $79.23. The business has a 50-day simple moving average of $56.71 and a two-hundred day simple moving average of $47.75.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.23 by $0.10. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the business posted $0.09 earnings per share. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. Research analysts expect that Amkor Technology will post 2.08 EPS for the current fiscal year.

Insider Activity at Amkor Technology

In related news, Director Gil C. Tily sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $77.30, for a total transaction of $1,159,500.00. Following the completion of the sale, the director owned 108,806 shares in the company, valued at approximately $8,410,703.80. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Roger Anthony Carolin sold 20,000 shares of Amkor Technology stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $76.24, for a total transaction of $1,524,800.00. Following the completion of the sale, the director directly owned 94,409 shares in the company, valued at approximately $7,197,742.16. This represents a 17.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 139,500 shares of company stock worth $9,421,575. 26.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amkor Technology

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of Amkor Technology by 100.6% in the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 3,454,012 shares during the period. Fisher Asset Management LLC grew its holdings in Amkor Technology by 204.5% during the fourth quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after purchasing an additional 1,407,109 shares during the period. Norges Bank bought a new position in Amkor Technology during the fourth quarter valued at $53,702,000. Arrowstreet Capital Limited Partnership increased its position in Amkor Technology by 305.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock worth $44,719,000 after buying an additional 1,186,313 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Amkor Technology by 38.3% in the second quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock valued at $74,541,000 after buying an additional 985,727 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.

About Amkor Technology

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.