1492 Capital Management LLC Sells 50,827 Shares of Amkor Technology, Inc. $AMKR

1492 Capital Management LLC trimmed its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 42.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 69,513 shares of the semiconductor company’s stock after selling 50,827 shares during the period. 1492 Capital Management LLC’s holdings in Amkor Technology were worth $2,744,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Amkor Technology by 100.6% in the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock valued at $349,000 after acquiring an additional 3,454,012 shares in the last quarter. Fisher Asset Management LLC boosted its position in Amkor Technology by 204.5% in the fourth quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after buying an additional 1,407,109 shares during the last quarter. Norges Bank purchased a new stake in shares of Amkor Technology in the 4th quarter valued at $53,702,000. Arrowstreet Capital Limited Partnership grew its position in Amkor Technology by 305.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock worth $44,719,000 after purchasing an additional 1,186,313 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Amkor Technology by 38.3% during the second quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock worth $74,541,000 after acquiring an additional 985,727 shares during the period. Institutional investors own 42.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on AMKR shares. The Goldman Sachs Group raised their price target on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Morgan Stanley boosted their price target on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. lifted their target price on shares of Amkor Technology from $32.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. B. Riley Financial upped their target price on shares of Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Finally, Needham & Company LLC increased their target price on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.38.

Amkor Technology Price Performance

NASDAQ:AMKR opened at $75.20 on Thursday. Amkor Technology, Inc. has a one year low of $18.65 and a one year high of $79.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The stock has a market cap of $18.64 billion, a PE ratio of 42.97 and a beta of 2.25. The stock has a 50 day moving average price of $64.28 and a 200 day moving average price of $51.54.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates 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%.The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. Equities research analysts expect that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.0835 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.33 annualized dividend and a dividend yield of 0.4%. Amkor Technology’s payout ratio is presently 18.86%.

Insider Activity

In other Amkor Technology news, Director Roger Anthony Carolin sold 20,000 shares of Amkor Technology stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.24, for a total transaction of $1,524,800.00. Following the transaction, the director directly owned 94,409 shares of the company’s stock, valued at $7,197,742.16. The trade was a 17.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gil C. Tily sold 15,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $77.30, for a total transaction of $1,159,500.00. Following the completion of the transaction, the director owned 108,806 shares in the company, valued at $8,410,703.80. The trade was a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 113,000 shares of company stock worth $8,258,950. Insiders own 26.40% of the company’s stock.

Amkor Technology Profile

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.