Following record financial results, Amkor Technology Inc.’s (AMKR) stock rose high in the after-hours on Monday. The company declared its Q4 and fiscal 2021 financial results on Monday, February 14, after the bell.
In the regular session on Monday, the stock remained bullish with a slight gain of 1.20%. After reaching a high of $21.46 during the day, AMKR closed the session at $21.15. The regular trading saw 184% of its average volume at 1.71 million shares. Consequent to the announcement of the results, AMKR stock increased by a further 8.51% in the after-hours. Hence, the stock had a value of 422.95 per share in the after-hours on Monday.
The outsourced semiconductor packaging and test services provider, Amkor Technology Inc. has a market capitalization of $5.11 billion. Its 244.53 million outstanding shares have declined by 14.68% year to date. Furthermore, the stock suffered a loss of 12.64% in the past year.
AMKR’s Financial results
The company had net sales of 41.72 billion in Q4 2021 and $6.14 billion in the full year 2021. This marks a respective increase of 26% YOY and 22% YOY against the prior-year periods.
Moreover, AMKR reported a record net income of $217 million for the fourth quarter and $643 million for the full year of 2021. Thus, the net income per diluted share was $0.88 and $2.62 in Q4 2021 and fiscal 2021, respectively.
In fiscal 2021, the company had $1,121 million in net cash from operations and $344 million in free cash flow.
Future Guidance
The company also provided guidance for the ongoing Q1 of fiscal 2022. For Q1 2022, the company expects net sales between $1.50 and $1.60 billion. Further, the expected net income for the quarter is between $115 and $165 million or $0.45-$0.65 on a diluted share basis.
In addition, for fiscal 2022, AMKR expects capital expenditure of around $950 million.
AMKR’s Quarterly Dividend
On February 08, the company announced the declaration of quarterly dividends by its board of directors. The board approved a quarterly cash dividend of $0.05 per share on AMKR’s common stock for stockholders of record on March 1, 2022. The cash dividend will be payable on March 21, 2022, to the stockholders of record.
Recent Participation
Recently, the company participated in the 24th Annual Needham Growth Conference. The company’s management presented at the conference on January 11, 2022
