Arrowpoint Investment Partners Singapore Pte. Ltd. Invests $1.92 Million in Amkor Technology, Inc. $AMKR

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Amkor Technology, Inc. (NASDAQ:AMKR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 48,698 shares of the semiconductor company’s stock, valued at approximately $1,923,000.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. raised its position in shares of Amkor Technology by 72.1% in the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 391 shares in the last quarter. IFP Advisors Inc grew its stake in Amkor Technology by 91.2% during the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after buying an additional 447 shares during the last quarter. Root Financial Partners LLC grew its stake in Amkor Technology by 38.8% during the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after buying an additional 262 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Amkor Technology by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 854 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its stake in shares of Amkor Technology by 83.5% during the third quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 670 shares during the last quarter. 42.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMKR has been the subject of a number of research reports. The Goldman Sachs Group lifted their price target on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Needham & Company LLC lifted their price target on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. UBS Group reaffirmed a “neutral” rating and set a $80.00 price target on shares of Amkor Technology in a research report on Tuesday, May 26th. Wall Street Zen cut Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Finally, Morgan Stanley lifted their price objective on Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $67.38.

Amkor Technology Price Performance

NASDAQ:AMKR opened at $73.82 on Friday. Amkor Technology, Inc. has a 52 week low of $18.65 and a 52 week high of $79.50. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $18.30 billion, a PE ratio of 42.18 and a beta of 2.25. The stock’s 50-day moving average price is $64.76 and its 200-day moving average price is $51.83.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm earned $0.09 EPS. The company’s quarterly revenue was up 27.5% on a year-over-year basis. As a group, equities analysts expect that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently announced 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 is Wednesday, June 3rd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Insider Activity

In related news, EVP Mark N. Rogers sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $71.63, for a total value of $358,150.00. Following the transaction, the executive vice president directly owned 38,904 shares of the company’s stock, valued at approximately $2,786,693.52. This trade represents a 11.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Megan Faust sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $64.60, for a total transaction of $64,600.00. Following the completion of the transaction, the chief financial officer directly owned 133,138 shares in the company, valued at $8,600,714.80. This represents a 0.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 113,000 shares of company stock worth $8,258,950. 26.40% of the stock is currently owned by corporate insiders.

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.