Versor Investments LP Takes Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Versor Investments LP acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,300 shares of the semiconductor company's stock, valued at approximately $367,000.

Other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its stake in shares of Amkor Technology by 7.5% in the third quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the semiconductor company's stock valued at $961,000 after buying an additional 2,200 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Amkor Technology by 253.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,281 shares of the semiconductor company's stock valued at $559,000 after buying an additional 13,111 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Amkor Technology by 212.6% in the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock valued at $41,647,000 after buying an additional 925,644 shares in the last quarter. General American Investors Co. Inc. bought a new position in shares of Amkor Technology in the third quarter valued at $3,060,000. Finally, Summit Global Investments lifted its stake in shares of Amkor Technology by 27.7% in the third quarter. Summit Global Investments now owns 47,353 shares of the semiconductor company's stock valued at $1,449,000 after buying an additional 10,275 shares in the last quarter. 42.76% of the stock is owned by institutional investors.

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Insider Buying and Selling

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

Amkor Technology Trading Down 4.2 %

Amkor Technology stock traded down $0.86 during mid-day trading on Thursday, reaching $19.86. 1,151,324 shares of the company traded hands, compared to its average volume of 1,722,014. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The firm's 50 day moving average price is $24.32 and its 200 day moving average price is $27.22. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 13.92 and a beta of 1.81. Amkor Technology, Inc. has a 52-week low of $19.74 and a 52-week high of $44.86.

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

Amkor Technology Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th will be paid a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Thursday, March 13th. Amkor Technology's payout ratio is 23.08%.

Analyst Ratings Changes

A number of research firms have weighed in on AMKR. JPMorgan Chase & Co. dropped their price objective on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley dropped their price objective on shares of Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. 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. B. Riley lowered their target price on shares of Amkor Technology from $38.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Finally, Melius Research downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $31.50.

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.