Counterpoint Mutual Funds LLC Invests $544,000 in Amkor Technology, Inc. $AMKR

Counterpoint Mutual Funds LLC purchased a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,084 shares of the semiconductor company’s stock, valued at approximately $544,000.

Several other hedge funds have also modified their holdings of the business. IFP Advisors Inc boosted its stake in shares of Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 447 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 440 shares in the last quarter. Root Financial Partners LLC raised its position in Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 262 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 854 shares during the period. Finally, FNY Investment Advisers LLC lifted its holdings in Amkor Technology by 83.5% in the third quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 670 shares during the period. 42.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMKR. Needham & Company LLC upped their price target on shares of Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. B. Riley Financial increased their target price on shares of Amkor Technology from $70.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. UBS Group reiterated a “neutral” rating and set a $80.00 price target on shares of Amkor Technology in a research report on Tuesday, May 26th. Finally, Morgan Stanley upped their price target on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Amkor Technology has an average rating of “Hold” and a consensus price target of $69.88.

Insider Activity

In other Amkor Technology news, Director Guillaume Marie Jean Rutten sold 50,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $74.28, for a total transaction of $3,714,000.00. Following the completion of the transaction, the director owned 502,558 shares of the company’s stock, valued at approximately $37,330,008.24. This trade represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Roger Anthony Carolin sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $76.24, for a total value of $1,524,800.00. Following the completion of the transaction, the director directly owned 94,409 shares of the company’s stock, valued at approximately $7,197,742.16. This trade represents a 17.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 119,000 shares of company stock worth $8,928,600. 26.40% of the stock is owned by corporate insiders.

Amkor Technology Price Performance

Amkor Technology stock opened at $69.65 on Friday. Amkor Technology, Inc. has a 52 week low of $20.59 and a 52 week high of $96.68. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The firm’s 50-day simple moving average is $75.51 and its 200 day simple moving average is $57.92. The firm has a market capitalization of $17.26 billion, a PE ratio of 39.80 and a beta of 2.20.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The firm’s revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 EPS. On average, equities research analysts predict that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd were paid a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.