Stock Traders Buy Large Volume of Amkor Technology Put Options (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR) was the recipient of unusually large options trading on Friday. Traders purchased 25,031 put options on the stock. This represents an increase of approximately 2,261% compared to the typical daily volume of 1,060 put options.

Insiders Place Their Bets

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $42.94, for a total value of $1,073,500.00. Following the completion of the transaction, the chief executive officer now owns 128,333 shares of the company’s stock, valued at approximately $5,510,619.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $42.94, for a total transaction of $1,073,500.00. Following the completion of the sale, the chief executive officer now directly owns 128,333 shares in the company, valued at approximately $5,510,619.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Winston J. Churchill sold 20,000 shares of Amkor Technology stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the sale, the director now directly owns 19,871 shares of the company’s stock, valued at $655,146.87. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 31.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in shares of Amkor Technology during the second quarter valued at $386,000. Chase Investment Counsel Corp acquired a new stake in shares of Amkor Technology during the 2nd quarter worth about $3,481,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Amkor Technology by 8.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,188 shares of the semiconductor company’s stock valued at $168,000 after purchasing an additional 333 shares during the last quarter. Creative Planning boosted its position in Amkor Technology by 77.0% in the second quarter. Creative Planning now owns 29,088 shares of the semiconductor company’s stock valued at $1,164,000 after buying an additional 12,658 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Amkor Technology during the second quarter worth about $58,379,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Price Performance

NASDAQ:AMKR opened at $30.50 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.08 and a quick ratio of 1.83. Amkor Technology has a one year low of $17.58 and a one year high of $44.86. The company has a fifty day moving average price of $31.05 and a 200 day moving average price of $33.45. The stock has a market cap of $7.50 billion, a P/E ratio of 20.07 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. Analysts anticipate that Amkor Technology will post 1.53 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.079 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.04%. Amkor Technology’s dividend payout ratio (DPR) is currently 20.39%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. initiated coverage on Amkor Technology in a research note on Monday, July 1st. They issued an “overweight” rating and a $48.00 price objective on the stock. Morgan Stanley lifted their price target on shares of Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 2nd. Needham & Company LLC upped their price objective on shares of Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. KeyCorp assumed coverage on shares of Amkor Technology in a research note on Friday, September 20th. They issued an “overweight” rating and a $38.00 target price on the stock. Finally, B. Riley boosted their target price on shares of Amkor Technology from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amkor Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.75.

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.