Amkor Technology (AMKR) Bond Prices Rise 2%

An issue of Amkor Technology, Inc. (NASDAQ:AMKR) bonds rose 2% against their face value during trading on Friday. The debt issue has a 6.625% coupon and is set to mature on September 15, 2027. The debt is now trading at $101.75. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

A number of research firms have issued reports on AMKR. Zacks Investment Research downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. BidaskClub downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Finally, TheStreet raised Amkor Technology from a “c” rating to a “b-” rating in a research report on Friday, January 25th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.67.

Shares of NASDAQ AMKR opened at $8.77 on Friday. Amkor Technology, Inc. has a 1-year low of $5.72 and a 1-year high of $11.41. The company has a quick ratio of 1.24, a current ratio of 1.44 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $2.10 billion, a PE ratio of 16.55 and a beta of 1.92.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, February 11th. The semiconductor company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.04. Amkor Technology had a return on equity of 7.07% and a net margin of 2.94%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, research analysts anticipate that Amkor Technology, Inc. will post 0.1 EPS for the current fiscal year.

In other news, Director Roger Anthony Carolin sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $9.36, for a total value of $187,200.00. Following the completion of the sale, the director now owns 54,176 shares of the company’s stock, valued at $507,087.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Winston J. Churchill sold 17,476 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $9.42, for a total value of $164,623.92. Following the completion of the sale, the director now directly owns 16,000 shares of the company’s stock, valued at approximately $150,720. The disclosure for this sale can be found here. 57.90% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantamental Technologies LLC purchased a new stake in shares of Amkor Technology in the fourth quarter worth about $48,000. Hennessy Advisors Inc. purchased a new stake in shares of Amkor Technology in the fourth quarter worth about $70,000. M&T Bank Corp purchased a new stake in shares of Amkor Technology in the fourth quarter worth about $72,000. NumerixS Investment Technologies Inc lifted its stake in shares of Amkor Technology by 81.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 11,400 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Amkor Technology in the third quarter worth about $102,000. 38.17% of the stock is owned by institutional investors.

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About Amkor Technology (NASDAQ:AMKR)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.

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