Pineridge Advisors LLC Takes $28,000 Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Pineridge Advisors LLC purchased a new position in Amkor Technology, Inc. (NASDAQ:AMKR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 853 shares of the semiconductor company’s stock, valued at approximately $28,000.

A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in shares of Amkor Technology by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,860,585 shares of the semiconductor company’s stock valued at $494,421,000 after purchasing an additional 244,026 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Amkor Technology by 10.4% in the third quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock valued at $311,816,000 after acquiring an additional 1,300,745 shares during the period. SW Investment Management LLC lifted its holdings in shares of Amkor Technology by 9.3% in the 3rd quarter. SW Investment Management LLC now owns 2,350,000 shares of the semiconductor company’s stock worth $53,110,000 after acquiring an additional 200,000 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Amkor Technology by 39.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,939,583 shares of the semiconductor company’s stock worth $43,835,000 after purchasing an additional 547,604 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Amkor Technology by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,852,309 shares of the semiconductor company’s stock valued at $61,626,000 after purchasing an additional 141,725 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Insider Buying and Selling at Amkor Technology

In related news, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $31.30, for a total value of $156,500.00. Following the completion of the sale, the executive vice president now directly owns 25,280 shares in the company, valued at approximately $791,264. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $33.37, for a total value of $834,250.00. Following the transaction, the chief executive officer now directly owns 104,476 shares of the company’s stock, valued at $3,486,364.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark N. Rogers sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $31.30, for a total value of $156,500.00. Following the completion of the transaction, the executive vice president now owns 25,280 shares of the company’s stock, valued at $791,264. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,000 shares of company stock worth $2,414,000. 31.40% of the stock is owned by insiders.

Amkor Technology Stock Down 0.6 %

Amkor Technology stock traded down $0.22 during midday trading on Friday, hitting $34.86. 929,302 shares of the company’s stock were exchanged, compared to its average volume of 794,187. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.08 and a current ratio of 2.34. The company has a market cap of $8.57 billion, a PE ratio of 22.93 and a beta of 1.84. The firm has a 50-day moving average of $32.30 and a two-hundred day moving average of $31.84. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $37.00.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Amkor Technology had a net margin of 5.84% and a return on equity of 9.53%. The company’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. As a group, analysts expect that Amkor Technology, Inc. will post 1.78 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Tuesday, June 4th will be given a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, June 4th. Amkor Technology’s dividend payout ratio is currently 20.39%.

Analysts Set New Price Targets

Several research analysts have issued reports on AMKR shares. Morgan Stanley boosted their target price on Amkor Technology from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Fox Advisors initiated coverage on Amkor Technology in a research report on Thursday, March 14th. They issued an “equal weight” rating on the stock. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Amkor Technology in a research report on Tuesday, April 30th. B. Riley restated a “buy” rating and issued a $45.00 price target (up from $43.00) on shares of Amkor Technology in a report on Tuesday, April 30th. Finally, DA Davidson lifted their price objective on shares of Amkor Technology from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Amkor Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.67.

Amkor Technology 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.