Investors Purchase Large Volume of Put Options on Amkor Technology (AMKR)

Amkor Technology, Inc. (NASDAQ:AMKR) was the recipient of some unusual options trading on Friday. Stock traders purchased 3,167 put options on the company. This is an increase of approximately 1,731% compared to the average daily volume of 173 put options.

A number of analysts have weighed in on AMKR shares. ValuEngine cut Amkor Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub cut Amkor Technology from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Finally, Zacks Investment Research cut Amkor Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.50.

Amkor Technology (AMKR) opened at $10.35 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.16 and a quick ratio of 0.92. The company has a market capitalization of $2,480.00, a PE ratio of 9.50 and a beta of 2.62. Amkor Technology has a 12 month low of $8.32 and a 12 month high of $12.48.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. Amkor Technology had a return on equity of 12.04% and a net margin of 6.41%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. research analysts predict that Amkor Technology will post 0.51 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Verition Fund Management LLC bought a new position in Amkor Technology during the second quarter valued at about $108,000. Regentatlantic Capital LLC bought a new position in Amkor Technology during the fourth quarter valued at about $113,000. Amalgamated Bank increased its stake in Amkor Technology by 2.8% during the second quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 349 shares during the period. Cookson Peirce & Co. Inc. bought a new position in Amkor Technology during the second quarter valued at about $130,000. Finally, CAPROCK Group Inc. bought a new position in Amkor Technology during the fourth quarter valued at about $148,000. Hedge funds and other institutional investors own 39.46% of the company’s stock.

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About Amkor Technology

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.

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