Amkor Technology, Inc. (AMKR) to Issue Quarterly Dividend of $0.08 on June 23rd

Amkor Technology, Inc. (NASDAQ:AMKR) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Wednesday, June 3rd will be given a dividend of 0.0835 per share by the semiconductor company on Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, June 3rd.

Amkor Technology has raised its dividend payment by an average of 0.5%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Amkor Technology has a payout ratio of 22.0% meaning 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 Trading Down 3.4%

NASDAQ AMKR opened at $72.09 on Friday. Amkor Technology has a 12 month low of $17.79 and a 12 month high of $79.23. The stock has a market cap of $17.87 billion, a P/E ratio of 41.19 and a beta of 2.29. The stock’s fifty day moving average price is $57.26 and its 200-day moving average price is $48.02. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was up 27.5% on a year-over-year basis. As a group, equities analysts forecast that Amkor Technology will post 2.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMKR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on Amkor Technology from $32.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Morgan Stanley upped their price target on Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Needham & Company LLC upped their price target on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. B. Riley Financial upped their price target on Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, UBS Group set a $43.00 price target on Amkor Technology in a report on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Amkor Technology presently has a consensus rating of “Hold” and a consensus price target of $62.75.

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.