Cwm LLC Buys 309 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Cwm LLC lifted its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,359 shares of the semiconductor company’s stock after buying an additional 309 shares during the quarter. Cwm LLC’s holdings in Amkor Technology were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System bought a new position in Amkor Technology in the 4th quarter worth $965,000. Xponance Inc. grew its position in shares of Amkor Technology by 14.7% during the fourth quarter. Xponance Inc. now owns 22,350 shares of the semiconductor company’s stock worth $744,000 after purchasing an additional 2,871 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Amkor Technology by 9.2% during the 4th quarter. Handelsbanken Fonder AB now owns 18,976 shares of the semiconductor company’s stock valued at $631,000 after purchasing an additional 1,600 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Amkor Technology by 21.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 98,897 shares of the semiconductor company’s stock worth $3,290,000 after purchasing an additional 17,244 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Amkor Technology by 1,414.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 806 shares during the period. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Stock Down 0.9 %

NASDAQ AMKR opened at $32.56 on Monday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.23. Amkor Technology, Inc. has a 52 week low of $17.58 and a 52 week high of $44.86. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 21.42 and a beta of 1.86. The company has a fifty day moving average of $36.98 and a two-hundred day moving average of $33.64.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts predict that Amkor Technology, Inc. will post 1.53 earnings per share for the current year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd will be issued a $0.079 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.97%. Amkor Technology’s payout ratio is 20.39%.

Insider Activity at Amkor Technology

In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction on Monday, July 15th. The stock was sold at an average price of $42.94, for a total transaction of $1,073,500.00. Following the completion of the sale, the chief executive officer now directly owns 128,333 shares in the company, valued at $5,510,619.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 31.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. DA Davidson lifted their target price on Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Morgan Stanley increased their price target on Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 2nd. B. Riley lifted their price objective on Amkor Technology from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Finally, JPMorgan Chase & Co. started coverage on Amkor Technology in a research report on Monday, July 1st. They set an “overweight” rating and a $48.00 target price for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $41.14.

Amkor Technology Company 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.