Amkor Technology, Inc. $AMKR Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC decreased its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 15.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,192,652 shares of the semiconductor company’s stock after selling 221,067 shares during the quarter. Gotham Asset Management LLC’s holdings in Amkor Technology were worth $47,086,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Evolve Private Wealth LLC acquired a new stake in Amkor Technology in the 4th quarter valued at about $292,000. CastleKnight Management LP acquired a new position in Amkor Technology during the fourth quarter worth $6,870,000. Balyasny Asset Management L.P. acquired a new position in Amkor Technology in the 4th quarter valued at about $4,913,000. Boothbay Fund Management LLC acquired a new stake in Amkor Technology during the 4th quarter worth approximately $268,000. Finally, Schonfeld Strategic Advisors LLC grew its stake in Amkor Technology by 136.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 84,866 shares of the semiconductor company’s stock worth $3,351,000 after purchasing an additional 49,032 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $71.63, for a total value of $358,150.00. Following the transaction, the executive vice president owned 38,904 shares of the company’s stock, valued at $2,786,693.52. This trade represents a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the business’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 transaction, the director directly owned 502,558 shares in the company, valued at $37,330,008.24. This trade represents a 9.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 114,000 shares of company stock worth $8,497,550. 26.40% of the stock is owned by corporate insiders.

Amkor Technology Trading Down 0.1%

Shares of AMKR opened at $86.43 on Thursday. Amkor Technology, Inc. has a one year low of $19.79 and a one year high of $96.68. 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 company has a market capitalization of $21.42 billion, a P/E ratio of 49.39 and a beta of 2.25. The stock has a 50-day moving average price of $70.32 and a 200 day moving average price of $54.64.

Amkor Technology (NASDAQ:AMKR) last released its earnings results 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 company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.Amkor Technology’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Sell-side analysts forecast that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.0835 per share. The ex-dividend date of this dividend 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 18.86%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMKR. Morgan Stanley upped their target price on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Wall Street Zen cut Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. B. Riley Financial lifted their price target on shares of Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, April 6th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.38.

Amkor Technology 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.