Trexquant Investment LP Raises Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Trexquant Investment LP lifted its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 230.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,878 shares of the semiconductor company’s stock after buying 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 quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMKR. SBI Securities Co. Ltd. purchased a new position in shares of Amkor Technology during the fourth quarter worth 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 worth $38,000 after buying an additional 1,160 shares during the last quarter. Blue Trust Inc. grew its stake in Amkor Technology by 36.9% during the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock worth $88,000 after buying an additional 922 shares during the last quarter. Quarry LP increased its position in Amkor Technology by 421.8% during the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock worth $96,000 after buying an additional 2,535 shares during the period. Finally, 1620 Investment Advisors Inc. lifted its stake in Amkor Technology by 24.6% in the fourth 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. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AMKR shares. Melius cut shares of Amkor Technology from a “buy” rating to a “hold” rating and cut their target price for the company from $34.00 to $30.00 in a report on Monday, January 6th. Melius Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. B. Riley decreased their target price 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. Needham & Company LLC restated a “buy” rating and issued a $34.00 price target on shares of Amkor Technology in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.50.

Insiders Place Their Bets

In other news, EVP Kevin Engel sold 5,489 shares of the business’s 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 $30,105.72. The trade was a 79.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the insider now directly owns 10,020,870 shares of the company’s stock, valued at $218,956,009.50. The trade was 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 company insiders.

Amkor Technology Stock Performance

NASDAQ AMKR opened at $14.88 on Monday. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 10.41 and a beta of 1.88. The business’s 50 day moving average is $21.11 and its two-hundred day moving average is $25.24. Amkor Technology, Inc. has a 12-month low of $14.07 and a 12-month high of $44.86. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22.

Amkor Technology (NASDAQ:AMKR) last announced 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 return on equity of 8.59% and a net margin of 5.60%. Research analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were issued a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, March 13th. Amkor Technology’s dividend payout ratio 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.