Amkor Technology, Inc. to Issue Quarterly Dividend of $0.08 (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR) declared a quarterly dividend on Wednesday, May 13th. Investors 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) annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, June 3rd.

Amkor Technology has raised its dividend payment by an average of 0.5%per year over the last three years and has increased 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 Stock Up 1.6%

Amkor Technology stock opened at $74.61 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. Amkor Technology has a fifty-two week low of $17.79 and a fifty-two week high of $79.23. The company’s 50 day simple moving average is $56.71 and its 200 day simple moving average is $47.75. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 42.63 and a beta of 2.29.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The business’s revenue was up 27.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Amkor Technology will post 2.08 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMKR. UBS Group set a $43.00 price target on shares of Amkor Technology in a research note on Tuesday, February 10th. B. Riley Financial lifted their price target on shares of Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Morgan Stanley lifted their price target on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Zacks Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research note on Monday, April 20th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.