Xponance Inc. Buys 2,871 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Xponance Inc. boosted its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 14.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,350 shares of the semiconductor company’s stock after buying an additional 2,871 shares during the quarter. Xponance Inc.’s holdings in Amkor Technology were worth $744,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in Amkor Technology by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 347 shares during the period. Arizona State Retirement System lifted its holdings in Amkor Technology by 1.4% during the third quarter. Arizona State Retirement System now owns 31,473 shares of the semiconductor company’s stock valued at $711,000 after purchasing an additional 428 shares in the last quarter. Blue Trust Inc. lifted its holdings in Amkor Technology by 57.0% during the fourth quarter. Blue Trust Inc. now owns 1,487 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 540 shares in the last quarter. Navellier & Associates Inc. lifted its holdings in Amkor Technology by 6.0% during the third quarter. Navellier & Associates Inc. now owns 13,034 shares of the semiconductor company’s stock valued at $295,000 after purchasing an additional 738 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in Amkor Technology by 1,324.6% during the fourth quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 755 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Price Performance

AMKR stock opened at $30.62 on Friday. Amkor Technology, Inc. has a one year low of $17.58 and a one year high of $37.00. The company’s fifty day moving average price is $31.57 and its 200-day moving average price is $29.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.02 and a current ratio of 2.31. The company has a market capitalization of $7.53 billion, a PE ratio of 20.97 and a beta of 1.96.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, February 12th. The semiconductor company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Amkor Technology, Inc. will post 1.63 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were given a $0.079 dividend. This represents a $0.32 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Monday, March 11th. Amkor Technology’s dividend payout ratio is presently 21.23%.

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total value of $765,750.00. Following the sale, the chief executive officer now owns 123,728 shares in the company, valued at $3,789,788.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total value of $765,750.00. Following the sale, the chief executive officer now owns 123,728 shares in the company, valued at $3,789,788.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Megan Faust sold 2,800 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $31.09, for a total transaction of $87,052.00. Following the transaction, the chief financial officer now owns 53,023 shares in the company, valued at approximately $1,648,485.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,500 shares of company stock worth $2,494,720. Insiders own 31.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on AMKR. Fox Advisors began coverage on shares of Amkor Technology in a report on Thursday, March 14th. They set an “equal weight” rating on the stock. Needham & Company LLC began coverage on shares of Amkor Technology in a report on Tuesday, April 9th. They set a “buy” rating and a $40.00 price target on the stock. Finally, The Goldman Sachs Group began coverage on shares of Amkor Technology in a report on Thursday, February 29th. They set a “neutral” rating and a $32.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

Amkor Technology Profile

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.