Amkor Technology Sees Unusually Large Options Volume (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR) saw some unusual options trading activity on Tuesday. Traders acquired 25,755 put options on the stock. This represents an increase of approximately 722% compared to the typical volume of 3,135 put options.

Hedge Funds Weigh In On Amkor Technology

Several institutional investors and hedge funds have recently modified their holdings of AMKR. Neo Ivy Capital Management acquired a new stake in Amkor Technology during the third quarter valued at $930,000. Valley Wealth Managers Inc. lifted its holdings in shares of Amkor Technology by 115.1% during the 3rd quarter. Valley Wealth Managers Inc. now owns 730,701 shares of the semiconductor company’s stock valued at $22,359,000 after buying an additional 391,002 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Amkor Technology by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock valued at $64,101,000 after buying an additional 131,106 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Amkor Technology by 212.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock valued at $41,647,000 after buying an additional 925,644 shares in the last quarter. Finally, General American Investors Co. Inc. acquired a new position in Amkor Technology in the third quarter worth approximately $3,060,000. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Trading Up 1.2 %

NASDAQ:AMKR opened at $21.84 on Thursday. The stock has a market cap of $5.39 billion, a PE ratio of 14.76 and a beta of 1.81. Amkor Technology has a fifty-two week low of $21.46 and a fifty-two week 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. The stock’s 50-day moving average is $25.53 and its two-hundred day moving average is $28.15.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. As a group, equities research analysts forecast that Amkor Technology will post 1.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMKR has been the topic of a number of research reports. Melius Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. DA Davidson dropped their price target on Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Morgan Stanley cut their price objective on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and decreased their target price for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Finally, B. Riley reduced their target price on Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amkor Technology presently has a consensus rating of “Hold” and an average target price of $31.50.

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.