Counterpoint Mutual Funds LLC Purchases New Position in Amkor Technology, Inc. $AMKR

Counterpoint Mutual Funds LLC acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,084 shares of the semiconductor company’s stock, valued at approximately $544,000.

Several other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in shares of Amkor Technology by 18.4% in the 3rd quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock valued at $119,607,000 after purchasing an additional 653,489 shares during the last quarter. State Street Corp boosted its position in shares of Amkor Technology by 1.4% in the 4th quarter. State Street Corp now owns 3,473,925 shares of the semiconductor company’s stock valued at $137,151,000 after purchasing an additional 47,514 shares during the period. First Trust Advisors LP grew its stake in Amkor Technology by 37.4% during the 4th quarter. First Trust Advisors LP now owns 2,722,310 shares of the semiconductor company’s stock worth $107,477,000 after buying an additional 740,701 shares during the last quarter. Fisher Asset Management LLC grew its stake in Amkor Technology by 204.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock worth $82,712,000 after buying an additional 1,407,109 shares during the last quarter. Finally, Morgan Stanley increased its position in Amkor Technology by 23.2% during the fourth quarter. Morgan Stanley now owns 1,806,649 shares of the semiconductor company’s stock worth $71,327,000 after buying an additional 340,262 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Price Performance

Amkor Technology stock opened at $69.65 on Friday. Amkor Technology, Inc. has a twelve month low of $20.59 and a twelve month high of $96.68. The stock has a 50 day moving average of $75.51 and a two-hundred day moving average of $57.92. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $17.26 billion, a price-to-earnings ratio of 39.80 and a beta of 2.20.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share 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 the consensus estimate of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The company’s revenue was up 27.5% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. As a group, research analysts expect that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were given a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMKR shares. Wall Street Zen cut Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Needham & Company LLC raised their target price on shares of 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 issued a $80.00 target price on shares of Amkor Technology in a report on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research report on Monday, April 20th. Finally, Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Monday, April 6th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.88.

Insider Buying and Selling

In other news, Director Roger Anthony Carolin sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $76.24, for a total value of $1,524,800.00. Following the completion of the sale, the director owned 94,409 shares in the company, valued at approximately $7,197,742.16. This trade represents a 17.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Winston J. Churchill sold 7,000 shares of Amkor Technology stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.45, for a total transaction of $535,150.00. Following the completion of the sale, the director directly owned 18,888 shares in the company, valued at approximately $1,443,987.60. The trade was a 27.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 119,000 shares of company stock worth $8,928,600 in the last ninety days. 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.