Amkor Technology, Inc. (NASDAQ:AMKR – Get Free Report) announced a quarterly dividend on Wednesday, November 12th. Investors of record on Wednesday, December 3rd will be paid a dividend of 0.0835 per share by the semiconductor company on Tuesday, December 23rd. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, December 3rd. This is a 1.0% increase from Amkor Technology’s previous quarterly dividend of $0.08.
Amkor Technology has a dividend payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Amkor Technology to earn $1.98 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 16.7%.
Amkor Technology Stock Performance
NASDAQ:AMKR opened at $31.95 on Friday. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 25.56 and a beta of 2.02. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.77 and a quick ratio of 1.70. Amkor Technology has a 1-year low of $14.03 and a 1-year high of $38.22. The firm’s fifty day moving average price is $30.41 and its 200 day moving average price is $24.32.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Amkor Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research report on Wednesday, October 8th. DA Davidson raised their target price on Amkor Technology from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. upped their price target on shares of Amkor Technology from $27.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Amkor Technology in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Amkor Technology has a consensus rating of “Moderate Buy” and an average target price of $29.63.
View Our Latest Analysis on Amkor Technology
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.
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