New Age Alpha Advisors LLC Purchases Shares of 14,442 Amkor Technology, Inc. $AMKR

New Age Alpha Advisors LLC purchased a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 14,442 shares of the semiconductor company’s stock, valued at approximately $570,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Amkor Technology by 4.6% in the third quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company’s stock valued at $448,148,000 after buying an additional 687,900 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Amkor Technology by 18.4% during the third quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock worth $119,607,000 after purchasing an additional 653,489 shares in the last quarter. American Century Companies Inc. increased its position in shares of Amkor Technology by 0.5% during the third quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company’s stock worth $108,942,000 after purchasing an additional 17,656 shares in the last quarter. First Trust Advisors LP increased its position in shares of Amkor Technology by 17.6% during the third quarter. First Trust Advisors LP now owns 1,981,609 shares of the semiconductor company’s stock worth $56,277,000 after purchasing an additional 296,057 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Amkor Technology by 305.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock worth $44,719,000 after purchasing an additional 1,186,313 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Stock Performance

Shares of AMKR stock opened at $70.58 on Friday. The stock has a market capitalization of $17.49 billion, a PE ratio of 40.33 and a beta of 2.29. Amkor Technology, Inc. has a 52-week low of $17.79 and a 52-week high of $79.23. The stock’s 50-day moving average price is $62.18 and its 200 day moving average price is $50.44. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 9.88% and a net margin of 6.17%.The firm’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. As a group, equities research analysts forecast that Amkor Technology, Inc. will post 2.08 EPS for the current year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be given a $0.0835 dividend. This represents a $0.33 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s payout ratio is 18.86%.

Insider Transactions at Amkor Technology

In other Amkor Technology news, Director Guillaume Marie Jean Rutten sold 50,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 502,558 shares in the company, valued at approximately $37,330,008.24. The trade was a 9.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Winston J. Churchill sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $76.45, for a total value of $535,150.00. Following the transaction, the director owned 18,888 shares in the company, valued at $1,443,987.60. The trade was a 27.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 113,000 shares of company stock worth $8,258,950 over the last three months. 26.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMKR has been the topic of a number of research analyst reports. Needham & Company LLC lifted their target price on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. lifted their target price on Amkor Technology from $32.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Morgan Stanley lifted their target price on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research report on Monday, April 20th. Finally, Wall Street Zen cut Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $67.38.

Amkor Technology Company Profile

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.