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

Amkor Technology, Inc. (NASDAQ:AMKR) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.0827 per share by the semiconductor company on Wednesday, April 2nd. This represents a $0.33 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, March 13th.

Amkor Technology has raised its dividend payment by an average of 23.3% annually over the last three years. Amkor Technology has a payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of AMKR opened at $22.24 on Friday. The stock has a market capitalization of $5.49 billion, a P/E ratio of 15.55 and a beta of 1.81. Amkor Technology has a twelve month low of $21.46 and a twelve month high of $44.86. The company has a 50 day moving average of $24.99 and a 200-day moving average of $27.75. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. As a group, equities research analysts forecast that Amkor Technology will post 1.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMKR shares. Melius Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. StockNews.com downgraded Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. DA Davidson cut their price objective on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. The Goldman Sachs Group cut their price objective on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut their price objective on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.50.

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.