Amkor Technology, Inc. (NASDAQ:AMKR) Short Interest Down 6.2% in January

Amkor Technology, Inc. (NASDAQ:AMKR) was the recipient of a large decrease in short interest in 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. Based on an average trading volume of 1,280,000 shares, the short-interest ratio is currently 3.3 days. Currently, 4.3% of the company’s shares are short sold.

Amkor Technology Stock Down 2.5 %

Shares of NASDAQ AMKR traded down $0.62 during midday trading on Monday, hitting $23.99. 458,643 shares of the company’s stock were exchanged, compared to its average volume of 1,330,628. The firm’s fifty day simple moving average is $25.98 and its 200-day simple moving average is $28.98. The company has a market cap of $5.92 billion, a PE ratio of 16.20 and a beta of 1.81. Amkor Technology has a twelve month low of $23.33 and a twelve month 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.

Amkor Technology Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. The Goldman Sachs Group dropped their price target on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. KeyCorp reduced their price objective on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and lowered their target price for the stock from $34.00 to $30.00 in a research note on Monday, January 6th. Finally, Needham & Company LLC reduced their price target on Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Amkor Technology has a consensus rating of “Hold” and an average price target of $35.50.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in Amkor Technology in the third quarter valued at $39,000. Larson Financial Group LLC lifted its holdings in shares of Amkor Technology by 46.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 580 shares during the last quarter. Ulland Investment Advisors LLC acquired a new stake in shares of Amkor Technology in the 3rd quarter valued at 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 worth $88,000 after buying an additional 922 shares during the last quarter. Finally, Quarry LP increased its position in Amkor Technology by 421.8% during the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock worth $96,000 after buying an additional 2,535 shares during the period. 42.76% of the stock is owned by hedge funds and other institutional investors.

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.