Short Interest in Amkor Technology, Inc. (NASDAQ:AMKR) Declines By 6.2%

Amkor Technology, Inc. (NASDAQ:AMKR) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 4,270,000 shares, a decrease of 6.2% from the December 31st total of 4,550,000 shares. Currently, 4.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is currently 3.3 days.

Amkor Technology Stock Performance

Amkor Technology stock traded down $0.62 during trading hours on Monday, hitting $23.99. 458,643 shares of the stock traded hands, compared to its average volume of 1,330,628. Amkor Technology has a 1 year low of $23.33 and a 1 year high of $44.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 16.20 and a beta of 1.81. The firm’s 50 day moving average price is $25.98 and its 200-day moving average price is $28.98.

Amkor Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were issued a dividend of $0.0827 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a yield of 1.38%. Amkor Technology’s dividend payout ratio is 22.30%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AMKR shares. JPMorgan Chase & Co. dropped their price objective on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and cut their price target for the company from $34.00 to $30.00 in a report on Monday, January 6th. Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. The Goldman Sachs Group reduced 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, Needham & Company LLC dropped their price objective on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Amkor Technology has a consensus rating of “Hold” and a consensus price target of $35.50.

Institutional Trading of Amkor Technology

Several institutional investors have recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new position in Amkor Technology in the 3rd quarter valued at $39,000. Larson Financial Group LLC lifted its stake in shares of Amkor Technology by 46.3% in the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $56,000 after buying an additional 580 shares in the last quarter. Ulland Investment Advisors LLC acquired a new position in Amkor Technology during the third quarter worth about $82,000. Blue Trust Inc. grew its stake in Amkor Technology by 36.9% during the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 922 shares in the last quarter. Finally, Quarry LP raised its holdings in Amkor Technology by 421.8% in the 3rd quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock valued at $96,000 after acquiring an additional 2,535 shares during the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

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.