Signaturefd LLC Sells 449 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Signaturefd LLC lessened its holdings in Amkor Technology, Inc. (NASDAQ:AMKRFree Report) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,151 shares of the semiconductor company’s stock after selling 449 shares during the quarter. Signaturefd LLC’s holdings in Amkor Technology were worth $71,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new position in Amkor Technology in the 2nd quarter valued at approximately $187,000. Comerica Bank acquired a new stake in Amkor Technology during the 2nd quarter valued at approximately $3,357,000. M&G Investment Management Ltd. acquired a new stake in Amkor Technology during the 2nd quarter valued at approximately $8,479,000. Portolan Capital Management LLC increased its position in Amkor Technology by 236.0% during the 2nd quarter. Portolan Capital Management LLC now owns 311,456 shares of the semiconductor company’s stock valued at $9,266,000 after purchasing an additional 218,759 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in Amkor Technology during the 3rd quarter valued at approximately $855,000. Institutional investors own 38.69% of the company’s stock.

Amkor Technology Stock Performance

Shares of AMKR stock opened at $31.95 on Friday. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 19.36 and a beta of 2.02. Amkor Technology, Inc. has a 52 week low of $17.58 and a 52 week high of $34.44. The company has a quick ratio of 1.65, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $31.33 and a 200-day moving average of $27.16.

Amkor Technology (NASDAQ:AMKRGet Free Report) last posted its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. Amkor Technology had a net margin of 6.11% and a return on equity of 10.79%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the firm posted $1.24 EPS. Amkor Technology’s revenue was down 12.6% compared to the same quarter last year. On average, equities analysts forecast that Amkor Technology, Inc. will post 1.39 earnings per share for the current year.

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Tuesday, December 5th were given a $0.079 dividend. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.32 annualized dividend and a yield of 0.99%. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio (DPR) is presently 18.79%.

Insider Activity at Amkor Technology

In related news, Director Roger Anthony Carolin sold 20,000 shares of Amkor Technology stock in a transaction on Monday, December 4th. The shares were sold at an average price of $28.31, for a total value of $566,200.00. Following the completion of the sale, the director now owns 48,392 shares of the company’s stock, valued at approximately $1,369,977.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $26.19, for a total transaction of $70,713.00. Following the transaction, the chief financial officer now directly owns 35,394 shares in the company, valued at approximately $926,968.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Roger Anthony Carolin sold 20,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $28.31, for a total value of $566,200.00. Following the transaction, the director now owns 48,392 shares in the company, valued at $1,369,977.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,400 shares of company stock valued at $723,313. 53.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Amkor Technology in a research report on Thursday, November 9th. They set an “equal weight” rating and a $27.00 target price for the company. UBS Group assumed coverage on shares of Amkor Technology in a research report on Thursday, November 16th. They set a “buy” rating and a $31.00 target price for the company. B. Riley increased their target price on shares of Amkor Technology from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, December 12th. Finally, StockNews.com raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.50.

Read Our Latest Analysis on AMKR

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 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.

See Also

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

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