Nkcfo LLC Makes New Investment in Amkor Technology, Inc. $AMKR

Nkcfo LLC acquired a new position in Amkor Technology, Inc. (NASDAQ:AMKR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,100 shares of the semiconductor company’s stock, valued at approximately $517,000.

A number of other large investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in shares of Amkor Technology during the 3rd quarter valued at approximately $25,000. Bessemer Group Inc. grew its position in Amkor Technology by 72.1% in the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 391 shares during the last quarter. IFP Advisors Inc grew its position in Amkor Technology by 91.2% in the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 447 shares during the last quarter. FNY Investment Advisers LLC grew its position in Amkor Technology by 83.5% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 670 shares during the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in Amkor Technology in the 3rd quarter valued at $43,000. Institutional investors own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMKR. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a report on Monday, April 20th. JPMorgan Chase & Co. upped their price objective on Amkor Technology from $32.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. William Blair upgraded Amkor Technology to a “neutral” rating in a research note on Monday, January 12th. Needham & Company LLC increased their price target on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley increased their price target on Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $62.75.

Amkor Technology Stock Down 1.2%

Shares of AMKR opened at $69.75 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.28. Amkor Technology, Inc. has a 12 month low of $17.18 and a 12 month high of $79.23. The stock’s 50 day moving average is $52.93 and its two-hundred day moving average is $45.38. The firm has a market cap of $17.28 billion, a P/E ratio of 39.86 and a beta of 1.94.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.23 by $0.10. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.Amkor Technology’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. Analysts predict that Amkor Technology, Inc. will post 1.94 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were given a $0.0835 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. Amkor Technology’s payout ratio is currently 18.86%.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $59.43, for a total value of $297,150.00. Following the sale, the executive vice president owned 38,904 shares in the company, valued at $2,312,064.72. The trade was a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Guillaume Marie Jean Rutten sold 20,000 shares of Amkor Technology stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $48.80, for a total value of $976,000.00. Following the completion of the sale, the director directly owned 543,866 shares of the company’s stock, valued at $26,540,660.80. The trade was a 3.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 42,500 shares of company stock worth $2,105,225 over the last quarter. 26.40% of the stock is currently owned by company insiders.

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.