Amkor Technology, Inc. (NASDAQ:AMKR) Shares Bought by Trexquant Investment LP

Trexquant Investment LP lifted its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 230.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 121,878 shares of the semiconductor company’s stock after acquiring an additional 85,005 shares during the period. Trexquant Investment LP’s holdings in Amkor Technology were worth $3,131,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMKR. The Manufacturers Life Insurance Company boosted its stake in shares of Amkor Technology by 5.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 105,521 shares of the semiconductor company’s stock worth $3,229,000 after purchasing an additional 5,307 shares during the last quarter. FMR LLC lifted its stake in shares of Amkor Technology by 35.7% during the third quarter. FMR LLC now owns 1,555,392 shares of the semiconductor company’s stock valued at $47,595,000 after buying an additional 409,241 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Amkor Technology by 5.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 280,890 shares of the semiconductor company’s stock worth $8,595,000 after acquiring an additional 14,389 shares during the last quarter. Captrust Financial Advisors grew its stake in Amkor Technology by 74.4% in the 3rd quarter. Captrust Financial Advisors now owns 11,450 shares of the semiconductor company’s stock worth $350,000 after acquiring an additional 4,886 shares during the period. Finally, Quarry LP raised its holdings in Amkor Technology by 421.8% in the 3rd quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock valued at $96,000 after acquiring an additional 2,535 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Trading Down 6.1 %

NASDAQ AMKR opened at $14.88 on Monday. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 10.41 and a beta of 1.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. Amkor Technology, Inc. has a one year low of $14.07 and a one year high of $44.86. The company’s 50 day moving average price is $21.11 and its 200 day moving average price is $25.24.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts predict 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. Shareholders of record on Thursday, March 13th were given a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 2.22%. The ex-dividend date was Thursday, March 13th. Amkor Technology’s dividend payout ratio (DPR) is presently 23.08%.

Insiders Place Their Bets

In related news, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology 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 sale, the insider now 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kevin Engel sold 5,489 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 1,388 shares in the company, valued at $30,105.72. This 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 insiders.

Wall Street Analysts Forecast Growth

AMKR has been the topic of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $34.00 price objective on shares of Amkor Technology in a report on Tuesday, February 11th. B. Riley decreased their price target 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. dropped their price objective on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Melius Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and dropped their price target for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

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.