Versor Investments LP Sells 10,520 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Versor Investments LP trimmed its stake in Amkor Technology, Inc. (NASDAQ:AMKRFree Report) by 28.0% in the fourth quarter, Holdings Channel reports. The firm owned 27,102 shares of the semiconductor company’s stock after selling 10,520 shares during the quarter. Versor Investments LP’s holdings in Amkor Technology were worth $902,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Amkor Technology by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,852,309 shares of the semiconductor company’s stock worth $61,626,000 after acquiring an additional 141,725 shares during the period. M&T Bank Corp boosted its stake in Amkor Technology by 7.0% in the 4th quarter. M&T Bank Corp now owns 9,874 shares of the semiconductor company’s stock valued at $329,000 after purchasing an additional 648 shares during the period. Amalgamated Bank boosted its stake in Amkor Technology by 1.8% in the 4th quarter. Amalgamated Bank now owns 59,569 shares of the semiconductor company’s stock valued at $1,982,000 after purchasing an additional 1,062 shares during the period. Victory Capital Management Inc. boosted its stake in Amkor Technology by 104.5% in the 4th quarter. Victory Capital Management Inc. now owns 109,341 shares of the semiconductor company’s stock valued at $3,638,000 after purchasing an additional 55,872 shares during the period. Finally, SummerHaven Investment Management LLC boosted its stake in Amkor Technology by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 24,548 shares of the semiconductor company’s stock valued at $817,000 after purchasing an additional 327 shares during the period. 42.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMKR has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Amkor Technology in a research report on Tuesday, April 30th. Fox Advisors initiated coverage on Amkor Technology in a research report on Thursday, March 14th. They set an “equal weight” rating for the company. The Goldman Sachs Group upped their target price on Amkor Technology from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. B. Riley reiterated a “buy” rating and set a $45.00 target price (up from $43.00) on shares of Amkor Technology in a research report on Tuesday, April 30th. Finally, DA Davidson upped their target price on Amkor Technology from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Amkor Technology currently has an average rating of “Moderate Buy” and a consensus price target of $37.67.

Check Out Our Latest Report on Amkor Technology

Amkor Technology Stock Performance

AMKR remained flat at $32.63 on Friday. The company’s stock had a trading volume of 420,252 shares, compared to its average volume of 1,081,481. Amkor Technology, Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $37.00. The firm’s fifty day moving average price is $31.85 and its 200-day moving average price is $30.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.34 and a quick ratio of 2.08. The stock has a market cap of $8.02 billion, a P/E ratio of 21.47 and a beta of 1.94.

Amkor Technology (NASDAQ:AMKRGet Free Report) last issued its earnings results on Monday, April 29th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS. Sell-side analysts anticipate that Amkor Technology, Inc. will post 1.78 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were paid a $0.079 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.97%. Amkor Technology’s payout ratio is 20.39%.

Insider Activity

In related news, Director Gil C. Tily sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $32.20, for a total transaction of $644,000.00. Following the completion of the sale, the director now owns 129,218 shares of the company’s stock, valued at $4,160,819.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Gil C. Tily sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $32.20, for a total transaction of $644,000.00. Following the completion of the sale, the director now owns 129,218 shares of the company’s stock, valued at $4,160,819.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $30.34, for a total value of $81,918.00. Following the sale, the chief financial officer now directly owns 38,811 shares of the company’s stock, valued at approximately $1,177,525.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 105,500 shares of company stock valued at $3,295,220. Company insiders own 31.40% of the company’s stock.

About Amkor Technology

(Free Report)

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.

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Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

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