Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of 0.0835 per share by the semiconductor company on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, September 2nd.
Amkor Technology has increased its dividend by an average of 0.5%annually over the last three years and has increased 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 research analysts expect Amkor Technology to earn $2.73 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 12.1%.
Amkor Technology Stock Up 3.9%
AMKR opened at $57.75 on Friday. The stock has a market capitalization of $14.35 billion, a price-to-earnings ratio of 25.90 and a beta of 2.24. The firm has a 50 day moving average price of $68.52 and a 200-day moving average price of $60.95. Amkor Technology has a twelve month low of $22.74 and a twelve month high of $96.68. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50.
Insider Transactions at Amkor Technology
In related news, Director Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the completion of the transaction, the director directly owned 486,732 shares of the company’s stock, valued at approximately $26,940,616.20. The trade was a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas A. Alexander sold 5,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $55.81, for a total transaction of $279,050.00. Following the transaction, the director owned 29,109 shares in the company, valued at $1,624,573.29. The trade was a 14.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 51,221 shares of company stock worth $3,183,737. 26.40% of the stock is currently owned by insiders.
Institutional Trading of Amkor Technology
Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. increased its stake in Amkor Technology by 12.5% in the 1st quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock worth $55,000 after buying an additional 135 shares during the period. Arista Wealth Management LLC boosted its position in Amkor Technology by 1.2% in the 2nd quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock valued at $1,176,000 after buying an additional 157 shares during the period. CoreCap Advisors LLC grew its stake in Amkor Technology by 56.4% in the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 158 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Amkor Technology by 2.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock worth $387,000 after acquiring an additional 202 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Amkor Technology by 0.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock worth $1,430,000 after acquiring an additional 218 shares during the period. 42.76% of the stock is currently owned by institutional investors.
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.
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