Transce3nd LLC Invests $383,000 in Amkor Technology, Inc. (NASDAQ:AMKR)

Transce3nd LLC bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,953 shares of the semiconductor company’s stock, valued at approximately $383,000.

Several other institutional investors also recently added to or reduced their stakes in AMKR. SBI Securities Co. Ltd. bought a new stake in shares of Amkor Technology in the fourth quarter valued at about $27,000. Jones Financial Companies Lllp raised its holdings in Amkor Technology by 353.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 1,160 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Amkor Technology by 421.0% in the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 1,242 shares during the period. Hurley Capital LLC bought a new stake in shares of Amkor Technology during the fourth quarter valued at approximately $43,000. Finally, Blue Trust Inc. raised 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 valued at $88,000 after purchasing an additional 922 shares in the last quarter. 42.76% of the stock is owned by institutional investors.

Amkor Technology Stock Down 1.1 %

Shares of Amkor Technology stock opened at $15.97 on Monday. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $44.86. The business has a fifty day simple moving average of $19.23 and a 200 day simple moving average of $24.08. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.95 billion, a PE ratio of 11.17 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share 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%. Research analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were paid 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 yield of 2.07%. Amkor Technology’s payout ratio is 23.08%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their target price 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. JPMorgan Chase & Co. reduced their target price 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. KeyCorp reaffirmed a “sector weight” rating on shares of Amkor Technology in a report on Thursday. B. Riley cut 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. Finally, Melius Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Amkor Technology has a consensus rating of “Hold” and a consensus price target of $31.50.

Insiders Place Their Bets

In related news, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction that occurred on 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 sale, the insider now owns 10,020,870 shares of the company’s stock, valued at approximately $218,956,009.50. This trade represents 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 firm’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 transaction, the executive vice president now directly owns 1,388 shares of the company’s stock, valued at $30,105.72. This represents a 79.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 26.90% of the company’s stock.

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.