Amkor Technology, Inc. (NASDAQ:AMKR) Shares Bought by Trexquant Investment LP

Trexquant Investment LP boosted its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 230.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,878 shares of the semiconductor company's stock after purchasing an additional 85,005 shares during the period. Trexquant Investment LP's holdings in Amkor Technology were worth $3,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMKR. SBI Securities Co. Ltd. acquired a new stake in shares of Amkor Technology during the fourth quarter valued at about $27,000. Jones Financial Companies Lllp grew its stake in Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 1,160 shares in the last quarter. Quarry LP increased its holdings in Amkor Technology by 421.8% during the 3rd quarter. Quarry LP now owns 3,136 shares of the semiconductor company's stock worth $96,000 after purchasing an additional 2,535 shares during the last quarter. Blue Trust Inc. raised its position in shares of Amkor Technology by 36.9% in the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after purchasing an additional 922 shares in the last quarter. Finally, 1620 Investment Advisors Inc. boosted its stake in shares of Amkor Technology by 24.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company's stock valued at $122,000 after buying an additional 942 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Insider Activity at Amkor Technology

In other news, EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total transaction of $119,056.41. Following the sale, the executive vice president now owns 1,388 shares of the company's stock, valued at approximately $30,105.72. The trade was a 79.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $21.85, for a total value of $18,999,995.25. Following the completion of the sale, the insider now owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. This represents a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMKR shares. B. Riley dropped their price target on shares of Amkor Technology from $38.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Melius Research downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Morgan Stanley reduced their price target on shares of Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Melius lowered Amkor Technology from a "buy" rating to a "hold" rating and lowered their price objective for the company from $34.00 to $30.00 in a report on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $34.00 target price on shares of Amkor Technology in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

Amkor Technology Stock Performance

AMKR stock traded up $0.55 during midday trading on Friday, reaching $16.54. The company had a trading volume of 2,409,764 shares, compared to its average volume of 1,697,635. The firm has a market capitalization of $4.09 billion, a PE ratio of 11.57 and a beta of 1.88. The stock has a 50 day moving average price of $19.98 and a 200 day moving average price of $24.60. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $44.86. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22.

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

Amkor Technology Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were issued a $0.0827 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 2.00%. Amkor Technology's dividend payout ratio (DPR) is presently 23.08%.

Amkor Technology Profile

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.