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AMKR AMKOR Technology

Amkor Technology, Inc. is one of the world's largest providers of outsourced semiconductor packaging and test services. Founded in 1968, Amkor pioneered the outsourcing of IC packaging and test and is now a strategic manufacturing partner for the world's leading semiconductor companies, foundries and electronics OEMs. Amkor's operational base includes production facilities, product development centers, and sales and support offices located in key electronics manufacturing regions in Asia, Europe and the USA.

Company profile

Ticker
AMKR
Exchange
Website
CEO
Stephen Kelley
Employees
Incorporated
Location
Fiscal year end
Former names
AMKOR TECHNOLOGY INC
SEC CIK
IRS number
231722724

AMKR stock data

(
)

Calendar

30 Jul 21
2 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 729.22M 729.22M 729.22M 729.22M 729.22M 729.22M
Cash burn (monthly) (positive/no burn) 4.83M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 5.46M n/a n/a n/a n/a
Cash remaining n/a 723.76M n/a n/a n/a n/a
Runway (months of cash) n/a 149.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Jul 21 Tily Gil C. Common Stock Sell Dispose S No No 24.59 15,000 368.85K 129,218
15 Jul 21 Rutten Guillaume Marie Jean Common Stock Sell Dispose S No Yes 23.45 595 13.95K 395,000
15 Jul 21 Rutten Guillaume Marie Jean Common Stock Sell Dispose S No Yes 22.42 24,405 547.16K 395,595
15 Jul 21 Rutten Guillaume Marie Jean Common Stock Option exercise Aquire M No No 14.17 10,000 141.7K 420,000
15 Jul 21 Rutten Guillaume Marie Jean Employee Stock Option (Right-to-Buy) Common Stock Option exercise Dispose M No No 14.17 10,000 141.7K 292,500
15 Jul 21 Faust Megan Common Stock Sell Dispose S No Yes 22.43 5,000 112.15K 14,844
15 Jul 21 Faust Megan Common Stock Option exercise Aquire M No No 8.88 5,000 44.4K 19,844
15 Jul 21 Faust Megan Employee Stock Option (Right-to-Buy) Common Stock Option exercise Dispose M No No 8.88 5,000 44.4K 9,500
25 Jun 21 John Charles Stone Common Stock Sell Dispose S No Yes 24 9,375 225K 31,552
25 Jun 21 John Charles Stone Common Stock Option exercise Aquire M No No 9.48 9,375 88.88K 40,927

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

38.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 252 228 +10.5%
Opened positions 70 45 +55.6%
Closed positions 46 27 +70.4%
Increased positions 71 62 +14.5%
Reduced positions 76 85 -10.6%
13F shares
Current Prev Q Change
Total value 2.25B 1.41B +59.8%
Total shares 94.91M 93.44M +1.6%
Total puts 432.5K 146.9K +194.4%
Total calls 414K 256.5K +61.4%
Total put/call ratio 1.0 0.6 +82.4%
Largest owners
Shares Value Change
Dimensional Fund Advisors 16.33M $387.95M -2.4%
BLK Blackrock 12.17M $288.46M +68.3%
Vanguard 10.7M $253.78M -8.8%
LSV Asset Management 5.54M $131.3M +6.8%
Fuller & Thaler Asset Management 5.02M $118.96M -1.7%
WHG Westwood 3.55M $84.2M +3.6%
STT State Street 3.21M $76.02M +53.2%
NTRS Northern Trust 2.76M $65.42M -25.5%
Geode Capital Management 2.13M $50.39M -12.4%
SW Investment Management 2M $47.42M NEW
Largest transactions
Shares Bought/sold Change
BLK Blackrock 12.17M +4.94M +68.3%
SW Investment Management 2M +2M NEW
Norges Bank 0 -1.53M EXIT
STT State Street 3.21M +1.11M +53.2%
Shellback Capital 0 -1.07M EXIT
Vanguard 10.7M -1.04M -8.8%
Brandywine Global Investment Management 0 -1.03M EXIT
NTRS Northern Trust 2.76M -943.24K -25.5%
Millennium Management 0 -931.92K EXIT
MS Morgan Stanley 379.37K -686.11K -64.4%

Financial report summary

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Risks
  • Company-Specific Risk Factors
  • Dependence on the Highly Cyclical Semiconductor Industry - Our Packaging and Test Services Are Used in Volatile Industries and Industry Downturns, and Declines in Global Economic and Financial Conditions Could Harm Our Performance.
  • Fluctuations in Operating Results and Cash Flows - Our Operating Results and Cash Flows Have Varied and May Vary Significantly as a Result of Factors That We Cannot Control.
  • Risks Associated with International Operations - We Depend on Our Factories and Operations in China, Japan, Korea, Malaysia, the Philippines, Portugal, Singapore and Taiwan. Many of Our Customers’ and Vendors’ Operations Are Also Located Outside of the U.S.
  • Competition - We Compete Against Established Competitors in the Packaging and Test Business as Well as Internal Capabilities of IDMs and Face Competition from New Competitors, Including Foundries.
  • Decisions by Our IDM and Foundry Customers to Curtail Outsourcing May Adversely Affect Our Business.
  • Dependence on Materials and Equipment Suppliers - Our Business May Suffer if the Cost, Quality or Supply of Materials or Equipment Changes Adversely.
  • Capital Expenditures - We Make Substantial Investments in Equipment and Facilities to Support the Demand of Our Customers, Which May Adversely Affect Our Business if the Demand of Our Customers Does Not Develop as We Expect or Is Adversely Affected.
  • High Fixed Costs - Due to Our High Percentage of Fixed Costs, We Will Be Unable to Maintain Satisfactory Gross Margins if We Are Unable to Achieve Relatively High Capacity Utilization Rates.
  • Absence of Backlog - The Lack of Contractually Committed Customer Demand May Adversely Affect Our Sales.
  • Declining Average Selling Prices - Historically There Has Been Downward Pressure on the Prices of Our Packaging and Test Services.
  • Packaging and Test Processes Are Complex and Our Production Yields and Customer Relationships May Suffer from Defects in the Services We Provide or if We Do Not Successfully Implement New Technologies.
  • Intellectual Property - Our Business Will Suffer if We Are Not Able to Develop New Proprietary Technology, Protect Our Proprietary Technology and Operate Without Infringing the Proprietary Rights of Others.
  • Covenants in the Indentures and Agreements Governing Our Current and Future Indebtedness Could Restrict Our Operating Flexibility.
  • We may Decrease or Suspend our Quarterly Dividend, and Any Decrease in or Suspension of the Dividend Could Cause Our Stock Price to Decline.
  • We Have Significant Severance Plan Obligations Associated with Our Manufacturing Operations in Korea Which Could Reduce Our Cash Flow and Negatively Impact Our Financial Condition.
  • Mr. James J. Kim and Members of His Family Can Effectively Determine or Substantially Influence the Outcome of All Matters Requiring Stockholder Approval.
  • The Covid-19 Pandemic Has Impacted and May Continue to Impact the Supply Chain and Consumer Demand for Our Customers’ Products and Services, Which May Adversely Affect Our Business, Results of Operations, and Financial Condition.
  • Our Substantial Indebtedness Could Adversely Affect Our Financial Condition and Prevent Us from Fulfilling Our Obligations.
  • We Are Exposed to Fluctuations in Interest Rates and Changes in Credit Risk Which Could Have a Material Adverse Impact on Our Earnings as it Relates to the Market Value of Our Investment Portfolio.
  • We May Have Difficulty Funding Liquidity Needs.
  • Customer Concentration and Loss of Customers - The Loss of Certain Customers or Reduced Orders or Pricing from Existing Customers May Have a Material Adverse Effect on Our Operations and Financial Results.
  • We Face Risks Trying to Attract, Retain or Replace Qualified Employees to Support Our Operations.
  • If We Fail to Maintain an Effective System of Internal Controls, We May Not be Able to Accurately Report Financial Results or Prevent Fraud.
  • We Face Risks in Connection with the Continuing Development and Implementation of Changes to, and Maintenance and Security of, Our Information Technology Systems.
  • Difficulties Consolidating and Integrating Our Operations - We Face Challenges as We Integrate Diverse Operations.
  • We Could Suffer Adverse Tax and Other Financial Consequences if There Are Changes in Tax Laws or Taxing Authorities Do Not Agree with Our Interpretation of Applicable Tax Laws, Including Whether We Continue to Qualify for Tax Holidays, or if We Are Required to Establish or Adjust Valuation Allowances on Deferred Tax Assets.
  • Environmental, Health & Safety Laws and Industry and Customer Initiatives - Future Environmental, Health & Safety Laws and Industry and Customer Sustainability Initiatives Could Place Additional Burdens on Our Manufacturing Operations.
  • Our Business and Financial Condition Could be Adversely Affected by Natural Disasters and Other Calamities, Health Conditions or Pandemics, Political Instability, Hostilities, or Other Disruptions.
Management Discussion
  • The increase in net sales for the three and six months ended June 30, 2021 compared to the three and six months ended June 30, 2020 was due to higher sales in the communications, computing and automotive and industrial end markets, partially offset by decreased sales in the consumer end market. The increase in sales in the communications end market was driven primarily by the further adoption of 5G smartphones. The automotive and industrial end market recovered in the current year from weakened demand relating to the Covid-19 pandemic in the prior year.
  • Our cost of sales consists principally of materials, labor, depreciation and manufacturing overhead. Since a substantial portion of the costs at our factories is fixed, there tends to be a strong relationship between our revenue levels and gross margin. Accordingly, relatively modest increases or decreases in revenue can have a significant effect on margin and on labor and other manufacturing costs as a percentage of revenue, depending upon product mix, utilization and seasonality.
  • Gross margin increased for the three and six months ended June 30, 2021 compared to the three and six months ended June 30, 2020, primarily due to the increase in net sales and improved factory utilization, partially offset by unfavorable changes in foreign currency exchange rates.
Content analysis
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Readability
H.S. freshman Good
New words: administered, behalf, cautioned, commenced, entirety, expressly, footprint, furnished, Interbank, London, macroeconomic, Publicly, ransomware, relax, reliance, sooner, subset, Tokyo, undue, vaccinating, vaccination, whichever
Removed: KRW, lien, manufacturer, representing, TIBOR