Xponance Inc. Sells 4,213 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Xponance Inc. decreased its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 19.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 17,095 shares of the semiconductor company’s stock after selling 4,213 shares during the period. Xponance Inc.’s holdings in Amkor Technology were worth $684,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Pineridge Advisors LLC purchased a new stake in shares of Amkor Technology in the fourth quarter worth approximately $28,000. 1620 Investment Advisors Inc. purchased a new stake in Amkor Technology in the 2nd quarter valued at $31,000. Ashton Thomas Private Wealth LLC bought a new position in Amkor Technology during the 2nd quarter valued at $40,000. Headlands Technologies LLC purchased a new position in Amkor Technology during the 1st quarter worth $43,000. Finally, Larson Financial Group LLC grew its stake in shares of Amkor Technology by 911.3% in the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 1,130 shares in the last quarter. 42.76% of the stock is owned by institutional investors.

Amkor Technology Stock Down 3.2 %

Shares of Amkor Technology stock opened at $30.89 on Monday. The company has a 50-day simple moving average of $32.02 and a two-hundred day simple moving average of $33.54. The stock has a market capitalization of $7.59 billion, a PE ratio of 20.32 and a beta of 1.85. Amkor Technology, Inc. has a 52-week low of $17.58 and a 52-week high of $44.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 2.08.

Amkor Technology (NASDAQ:AMKR) last posted its 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. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, analysts anticipate that Amkor Technology, Inc. will post 1.53 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were given a $0.079 dividend. 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 payout ratio is 20.39%.

Insider Transactions at Amkor Technology

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on AMKR shares. JPMorgan Chase & Co. began coverage on shares of Amkor Technology in a research note on Monday, July 1st. They issued an “overweight” rating and a $48.00 price objective for the company. 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 report on Tuesday, July 2nd. B. Riley boosted 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. KeyCorp started coverage on Amkor Technology in a research note on Friday, September 20th. They issued an “overweight” rating and a $38.00 price objective for the company. Finally, Needham & Company LLC lifted their target price on Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.75.

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.