Knights of Columbus Asset Advisors LLC Makes New $4.29 Million Investment in Amkor Technology, Inc. (NASDAQ:AMKR)

Knights of Columbus Asset Advisors LLC bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 128,832 shares of the semiconductor company’s stock, valued at approximately $4,286,000. Knights of Columbus Asset Advisors LLC owned 0.05% of Amkor Technology at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trexquant Investment LP bought a new stake in Amkor Technology in the 3rd quarter valued at $1,142,000. Invesco Ltd. raised its holdings in shares of Amkor Technology by 12.3% during the 3rd quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company’s stock worth $29,790,000 after buying an additional 144,280 shares in the last quarter. Wellington Management Group LLP acquired a new position in Amkor Technology in the 3rd quarter worth about $4,280,000. Vanguard Group Inc. increased its holdings in Amkor Technology by 10.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock worth $311,816,000 after purchasing an additional 1,300,745 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Amkor Technology in the 3rd quarter worth about $1,107,000. 42.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMKR has been the subject of several recent research reports. Needham & Company LLC started coverage on Amkor Technology in a research note on Tuesday, April 9th. They issued a “buy” rating and a $40.00 price target for the company. Fox Advisors initiated coverage on Amkor Technology in a research note on Thursday, March 14th. They issued an “equal weight” rating for the company. Finally, The Goldman Sachs Group assumed coverage on Amkor Technology in a research report on Thursday, February 29th. They issued a “neutral” rating and a $32.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Amkor Technology has an average rating of “Moderate Buy” and an average target price of $34.33.

Amkor Technology Trading Down 1.6 %

Shares of AMKR stock opened at $28.50 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.31 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $31.64 and a two-hundred day moving average price of $29.33. Amkor Technology, Inc. has a 12-month low of $17.58 and a 12-month high of $37.00. The firm has a market cap of $7.01 billion, a P/E ratio of 19.52 and a beta of 1.96.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. Amkor Technology’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS. Equities analysts anticipate that Amkor Technology, Inc. will post 1.63 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were paid a $0.079 dividend. The ex-dividend date was Monday, March 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.11%. Amkor Technology’s payout ratio is currently 21.23%.

Insider Buying and Selling

In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $30.34, for a total transaction of $81,918.00. Following the sale, the chief financial officer now directly owns 38,811 shares in the company, valued at approximately $1,177,525.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $30.34, for a total transaction of $81,918.00. Following the sale, the chief financial officer now directly owns 38,811 shares in the company, valued at approximately $1,177,525.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $31.23, for a total value of $780,750.00. Following the sale, the chief executive officer now owns 124,476 shares in the company, valued at $3,887,385.48. The disclosure for this sale can be found here. Insiders have sold 80,500 shares of company stock worth $2,494,720 in the last 90 days. Insiders own 53.30% of the company’s stock.

Amkor Technology Company 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.