Amkor Technology (AMKR) Set to Announce Earnings on Monday

Amkor Technology (NASDAQ:AMKR) is scheduled to release its earnings data after the market closes on Monday, April 29th. Analysts expect Amkor Technology to post earnings of $0.10 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 earnings per share. On average, analysts expect Amkor Technology to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amkor Technology Stock Up 1.8 %

NASDAQ AMKR opened at $30.62 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.02 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average is $31.57 and its two-hundred day moving average is $29.63. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 20.97 and a beta of 1.96. Amkor Technology has a 1-year low of $17.58 and a 1-year high of $37.00.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were issued a $0.079 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Monday, March 11th. Amkor Technology’s payout ratio is currently 21.23%.

Wall Street Analyst Weigh In

AMKR has been the topic of several recent analyst reports. Fox Advisors initiated coverage on Amkor Technology in a report on Thursday, March 14th. They issued an “equal weight” rating on the stock. Needham & Company LLC initiated coverage on Amkor Technology in a report on Tuesday, April 9th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Amkor Technology in a research report on Thursday, February 29th. They issued a “neutral” rating and a $32.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.33.

Insider Buying and Selling

In related news, CFO Megan Faust sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $30.34, for a total value of $81,918.00. Following the completion of the transaction, the chief financial officer now owns 38,811 shares in the company, valued at approximately $1,177,525.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $31.23, for a total transaction of $780,750.00. Following the completion of the sale, the chief executive officer now owns 124,476 shares in the company, valued at approximately $3,887,385.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Megan Faust sold 2,700 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $30.34, for a total transaction of $81,918.00. Following the sale, the chief financial officer now owns 38,811 shares of the company’s stock, valued at approximately $1,177,525.74. The disclosure for this sale can be found here. Insiders sold 80,500 shares of company stock worth $2,494,720 in the last quarter. Insiders own 31.40% of the company’s stock.

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.