SummerHaven Investment Management LLC Boosts Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

SummerHaven Investment Management LLC boosted its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,548 shares of the semiconductor company’s stock after purchasing an additional 327 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Amkor Technology were worth $817,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Amkor Technology by 10.4% during the third 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. SW Investment Management LLC boosted its position in Amkor Technology by 9.3% during the third quarter. SW Investment Management LLC now owns 2,350,000 shares of the semiconductor company’s stock worth $53,110,000 after purchasing an additional 200,000 shares in the last quarter. AQR Capital Management LLC boosted its position in Amkor Technology by 39.3% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Amkor Technology by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,710,584 shares of the semiconductor company’s stock worth $38,659,000 after purchasing an additional 311,966 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Amkor Technology by 12.3% during the third quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company’s stock worth $29,790,000 after purchasing an additional 144,280 shares in the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Stock Performance

Shares of Amkor Technology stock traded up $0.57 on Monday, reaching $31.19. 215,210 shares of the company were exchanged, compared to its average volume of 908,647. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.02 and a current ratio of 2.31. The company’s 50-day moving average is $31.57 and its two-hundred day moving average is $29.68. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 20.97 and a beta of 1.96. Amkor Technology, Inc. has a 1-year low of $17.58 and a 1-year high of $37.00.

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

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were given a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Monday, March 11th. Amkor Technology’s payout ratio is 21.23%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMKR. Needham & Company LLC began coverage on Amkor Technology in a report on Tuesday, April 9th. They issued a “buy” rating and a $40.00 price target for the company. The Goldman Sachs Group initiated coverage on Amkor Technology in a report on Thursday, February 29th. They issued a “neutral” rating and a $32.00 price target for the company. Finally, Fox Advisors initiated coverage on Amkor Technology in a research note on Thursday, March 14th. They issued an “equal weight” rating for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Amkor Technology currently has an average rating of “Moderate Buy” and an average price target of $34.33.

Insider Transactions at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total value of $765,750.00. Following the sale, the chief executive officer now directly owns 123,728 shares in the company, valued at approximately $3,789,788.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Amkor Technology news, CFO Megan Faust sold 2,800 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $31.09, for a total transaction of $87,052.00. Following the completion of the transaction, the chief financial officer now directly owns 53,023 shares of the company’s stock, valued at approximately $1,648,485.07. The sale was disclosed in a filing 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 Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total value of $765,750.00. Following the transaction, the chief executive officer now directly owns 123,728 shares of the company’s stock, valued at $3,789,788.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,500 shares of company stock worth $2,494,720. 31.40% of the stock is currently owned by company insiders.

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.