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

Amkor Technology, Inc. (NASDAQ:AMKR) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors 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 yield of 1.49%. The ex-dividend date is Thursday, March 13th.

Amkor Technology has raised its dividend by an average of 23.3% annually over the last three years. Amkor Technology has a payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Equities research 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

NASDAQ AMKR opened at $22.24 on Friday. The company has a market cap of $5.49 billion, a PE ratio of 15.55 and a beta of 1.81. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $24.99 and its two-hundred day simple moving average is $27.75. Amkor Technology has a 52 week low of $21.46 and a 52 week high of $44.86.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 EPS 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%. Research analysts predict that Amkor Technology will post 1.47 earnings per share for the current year.

Analysts Set New Price Targets

AMKR has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price objective on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target on shares of Amkor Technology in a research report on Tuesday, February 11th. DA Davidson cut their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Melius lowered shares of 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, JPMorgan Chase & Co. cut their price target on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.