Amkor Technology, Inc. (NASDAQ:AMKR) Shares Bought by Robotti Robert

Robotti Robert raised its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,837 shares of the semiconductor company’s stock after purchasing an additional 705 shares during the quarter. Amkor Technology comprises 1.0% of Robotti Robert’s holdings, making the stock its 23rd biggest position. Robotti Robert owned approximately 0.09% of Amkor Technology worth $5,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in shares of Amkor Technology in the fourth quarter worth about $27,000. Jones Financial Companies Lllp raised its position 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 worth $38,000 after buying an additional 1,160 shares during the last quarter. Larson Financial Group LLC lifted its stake in Amkor Technology by 46.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after acquiring an additional 580 shares during the period. Blue Trust Inc. boosted its holdings 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 acquiring an additional 922 shares during the last quarter. Finally, Quarry LP increased its stake in shares of Amkor Technology by 421.8% in the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock worth $96,000 after acquiring an additional 2,535 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Insider Buying and Selling at Amkor Technology

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price target on shares of Amkor Technology in a report on Tuesday, February 11th. B. Riley lowered their target price on Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price target on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company 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 stock from $34.00 to $30.00 in a research report on Monday, January 6th. Finally, Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Five research 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 “Moderate Buy” and a consensus price target of $31.50.

Amkor Technology Trading Down 1.7 %

Shares of AMKR stock opened at $19.36 on Thursday. Amkor Technology, Inc. has a 1-year low of $18.87 and a 1-year high of $44.86. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 13.54 and a beta of 1.88. 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 stock has a 50 day simple moving average of $22.31 and a 200-day simple moving average of $25.88.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, topping 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, equities research analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 annualized dividend and a yield of 1.71%. Amkor Technology’s dividend payout ratio (DPR) is currently 23.08%.

Amkor Technology Company 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.