Amkor Technology Inc. (NASDAQ:AMKR) saw a downside of -8.80% to $22.89 after subtracting -$2.21 on Tuesday. The 5-day average trading volume is 851,178 shares of the company’s common stock. It has gained $26.11 in the past week. An average of 1,236,965 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,113,262.
AMKR’s 1-month performance is -9.61% or -$5.01 on its low of $22.56 reached on 10/12/21. The company’s shares have touched a 52-week low of $10.83 and high of $29.50, with the stock’s rally to the 52-week high happening on 09/16/21. YTD, AMKR has achieved 66.45% or $7.68. However, the current price is down -22.41%% from the 52-week high price.
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On Sep 16, 26 days have gone by since the last insider trading activity for Amkor Technology Inc. (AMKR). Faust Megan (CFO) most recently sold 5,000 shares at $28.63 per share on Sep 16. This transaction cost the insider $143,150. President and CEO, Rutten Guillaume Marie Jean, sold 25,000 shares at a price of $28.46 on Sep 15. Then, on Aug 26, Executive Vice President Stone John Charles sold 9,375 shares at a price of $26.30 per share. This transaction amounted to $246,562.
The company’s PE ratio for the last five years has touched a high of 71.05 and a low of 6.833. AMKR stock has a beta of 1.63. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.15 while the price-to-book (PB) in the most recent quarter is 2.40, with the price to cash flow ratio at 23.83.
Amkor Technology Inc. pays an annual dividend of $0.16 per share. Its dividend yield is 0.70% and the payout ratio is 6.30%. AMKR’s most recent quarterly dividend payment was made on Sep. 30, when it paid $0.04 a share compared with prior rate of $0.04, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive year.
It is projected that Amkor Technology Inc.’s next ex-dividend date will be on 8-Dec. AMKR is expected to distribute $0.04 as its next dividend.
Amkor Technology Inc.’s quick ratio for the period ended March 30 was 1.20, with the current ratio over the same period at 1.40 meaning that AMKR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.36, while the total debt to equity was 0.42. In terms of profitability, the gross margin trailing 12 months is 19.60%. The trailing 12-month EBITDA margin is 19.52% while for the period ending March 30; Amkor Technology Inc.’s operating margin was 10.70%. The firm’s gross profit as reported stood at $900.81 million against revenue of $5.05 billion.
For the quarterly period ending March 30 this year, Amkor Technology Inc.’s cash and short-term investments amounted to $160.94 million against total debt of $1.25 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected AMKR to announce $0.46 per share in earnings in its latest quarter, but it posted $0.49, representing a 6.50% surprise. EBITDA for the quarter stood at more than $294.72 million. AMKR stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 2.98 billion, with total debt at $1.25 billion. Shareholders hold equity totaling $244.34 million
Let’s look briefly at Amkor Technology Inc. (AMKR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 22.15% to suggest the stock is trending oversold, with historical volatility in this time period at 50.84%.
The stock’s 5-day moving average is $24.78, reflecting a -9.14% or -$2.29 change from its current price. AMKR is currently trading -20.97% above its 20-day SMA, +13.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -9.90% and +51.83% respectively.
Stochastic %K and %D was 17.35% and 25.06% and the average true range (ATR) pointed at 1.01. The RSI (14) points at 29.20%, while the 14-day stochastic is at 4.32% with the period’s ATR at 0.98. The stock’s 9-day MACD Oscillator is pointing at -0.53 and -1.07 on the 14-day charts.
In the most recent analyst report for Amkor Technology Inc. (NASDAQ: AMKR), Credit Suisse downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for AMKR stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate AMKR as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is AMKR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $27.00 and a high of $27.00, with their median price target at $27.00. Looking at these predictions, the average price target given by analysts is for Amkor Technology Inc. (AMKR) stock is $27.00.