Edgestream Partners L.P. Acquires Shares of 109,811 Amkor Technology, Inc. (NASDAQ:AMKR)

Edgestream Partners L.P. bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 109,811 shares of the semiconductor company's stock, valued at approximately $2,821,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in shares of Amkor Technology in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp grew its holdings in shares of Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after buying an additional 1,160 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Amkor Technology in the third quarter valued at about $39,000. Larson Financial Group LLC raised its position in shares of Amkor Technology by 46.3% in the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company's stock valued at $56,000 after buying an additional 580 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Amkor Technology by 36.9% in the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock worth $88,000 after buying an additional 922 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amkor Technology

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the sale, the insider now owns 10,020,870 shares in the company, valued at $218,956,009.50. This represents a 7.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the completion of the transaction, the executive vice president now owns 1,388 shares of the company's stock, valued at $30,105.72. The trade was a 79.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 31.40% of the company's stock.

Remove Ads

Analyst Ratings Changes

AMKR has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on shares of Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Melius Research cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Melius cut shares of Amkor Technology from a "buy" rating to a "hold" rating and lowered their price target for the company from $34.00 to $30.00 in a research report on Monday, January 6th. B. Riley cut their price objective on shares of Amkor Technology from $38.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $34.00 target price on shares of Amkor Technology in a report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $31.50.

Amkor Technology Trading Down 1.8 %

Amkor Technology stock traded down $0.35 during trading on Thursday, hitting $18.99. The company had a trading volume of 1,825,266 shares, compared to its average volume of 1,459,242. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The company's 50 day simple moving average is $23.60 and its 200-day simple moving average is $26.72. Amkor Technology, Inc. has a 1-year low of $18.88 and a 1-year high of $44.86. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 13.28 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. As a group, analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, March 13th. Amkor Technology's payout ratio is currently 23.08%.

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.