AXQ Capital LP Acquires New Shares in Amkor Technology, Inc. $AMKR

AXQ Capital LP acquired a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the fourth quarter, HoldingsChannel reports. The fund acquired 20,780 shares of the semiconductor company’s stock, valued at approximately $820,000.

A number of other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC raised its holdings in Amkor Technology by 38.8% during the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 262 shares in the last quarter. Signaturefd LLC lifted its position in shares of Amkor Technology by 11.3% in the fourth quarter. Signaturefd LLC now owns 2,644 shares of the semiconductor company’s stock worth $104,000 after buying an additional 269 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Amkor Technology by 72.1% in the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after buying an additional 391 shares during the last quarter. IFP Advisors Inc lifted its position 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 worth $27,000 after buying an additional 447 shares during the last quarter. Finally, Vest Financial LLC lifted its position in shares of Amkor Technology by 6.8% in the fourth quarter. Vest Financial LLC now owns 7,777 shares of the semiconductor company’s stock worth $307,000 after buying an additional 493 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director Roger Anthony Carolin sold 20,000 shares of Amkor Technology stock in a transaction dated 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 transaction, the director directly owned 94,409 shares in the company, valued at approximately $7,197,742.16. The trade was a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gil C. Tily sold 15,000 shares of Amkor Technology stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $77.30, for a total value of $1,159,500.00. Following the completion of the transaction, the director owned 108,806 shares in the company, valued at $8,410,703.80. The trade was a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,000 shares of company stock valued at $8,258,950 in the last ninety days. Company insiders own 26.40% of the company’s stock.

Amkor Technology Trading Up 2.7%

Amkor Technology stock opened at $74.74 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The business’s 50-day simple moving average is $63.12 and its 200-day simple moving average is $50.95. The firm has a market capitalization of $18.53 billion, a PE ratio of 42.71 and a beta of 2.25. Amkor Technology, Inc. has a 52 week low of $17.81 and a 52 week high of $79.23.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.09 earnings per share. Equities research analysts forecast that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd will be paid a $0.0835 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.4%. Amkor Technology’s payout ratio is presently 18.86%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Needham & Company LLC boosted their price target on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. The Goldman Sachs Group boosted their price target on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Wall Street Zen cut Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Finally, UBS Group reaffirmed a “neutral” rating and issued a $80.00 price target on shares of Amkor Technology in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Amkor Technology has a consensus 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.