Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 15.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 274,989 shares of the semiconductor company’s stock after selling 51,734 shares during the quarter. Marshall Wace LLP’s holdings in Amkor Technology were worth $11,005,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Pineridge Advisors LLC purchased a new stake in shares of Amkor Technology in the 4th quarter valued at approximately $28,000. 1620 Investment Advisors Inc. acquired a new stake in Amkor Technology in the 2nd quarter valued at approximately $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in Amkor Technology in the second quarter valued at approximately $40,000. Headlands Technologies LLC acquired a new position in Amkor Technology during the first quarter worth $43,000. Finally, Larson Financial Group LLC boosted its position in shares of Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock worth $50,000 after buying an additional 1,130 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AMKR. Morgan Stanley increased their target price on Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 2nd. Needham & Company LLC raised their price objective on shares of Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. began coverage on shares of Amkor Technology in a research note on Monday, July 1st. They set an “overweight” rating and a $48.00 target price on the stock. KeyCorp initiated coverage on shares of Amkor Technology in a research report on Friday, September 20th. They issued an “overweight” rating and a $38.00 price target for the company. Finally, B. Riley upped their price objective on Amkor Technology from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amkor Technology presently has an average rating of “Moderate Buy” and a consensus target price of $40.75.

Insider Activity

In related news, Director Winston J. Churchill sold 20,000 shares of Amkor Technology stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the sale, the director now directly owns 19,871 shares in the company, valued at approximately $655,146.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total transaction of $659,400.00. Following the transaction, the director now owns 19,871 shares of the company’s stock, valued at $655,146.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $42.94, for a total value of $1,073,500.00. Following the completion of the sale, the chief executive officer now directly owns 128,333 shares of the company’s stock, valued at $5,510,619.02. The disclosure for this sale can be found here. Company insiders own 31.40% of the company’s stock.

Amkor Technology Stock Performance

Shares of AMKR stock opened at $30.89 on Friday. The company has a market cap of $7.59 billion, a P/E ratio of 20.32 and a beta of 1.85. The firm has a fifty day moving average price of $32.02 and a 200 day moving average price of $33.53. The company has a current ratio of 2.08, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 EPS. Sell-side analysts predict that Amkor Technology, Inc. will post 1.53 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.079 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.02%. Amkor Technology’s dividend payout ratio is presently 20.39%.

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.