Styrax Capital LP Takes Position in Amkor Technology, Inc. $AMKR

Styrax Capital LP purchased a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the fourth quarter, Holdings Channel reports. The firm purchased 337,908 shares of the semiconductor company’s stock, valued at approximately $13,341,000. Amkor Technology accounts for approximately 1.0% of Styrax Capital LP’s portfolio, making the stock its 16th biggest position.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Amkor Technology by 4.6% in the third quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company’s stock valued at $448,148,000 after purchasing an additional 687,900 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Amkor Technology by 18.4% in the third 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 in the last quarter. American Century Companies Inc. grew its position in shares of Amkor Technology by 0.5% in the third quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company’s stock valued at $108,942,000 after purchasing an additional 17,656 shares in the last quarter. State Street Corp grew its position in shares of Amkor Technology by 1.4% in the fourth 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 in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Amkor Technology by 37.4% in the fourth quarter. First Trust Advisors LP now owns 2,722,310 shares of the semiconductor company’s stock valued at $107,477,000 after purchasing an additional 740,701 shares in the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Trading Up 1.3%

Shares of Amkor Technology stock opened at $86.55 on Wednesday. The firm has a market capitalization of $21.45 billion, a price-to-earnings ratio of 49.46 and a beta of 2.25. Amkor Technology, Inc. has a fifty-two week low of $19.79 and a fifty-two week high of $96.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The stock has a 50 day moving average of $69.54 and a 200 day moving average of $54.28.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.10. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. As a group, research analysts predict that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio is 18.86%.

Insider Activity at Amkor Technology

In other Amkor Technology news, Director Roger Anthony Carolin sold 20,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $76.24, for a total transaction of $1,524,800.00. Following the transaction, the director directly owned 94,409 shares in the company, valued at $7,197,742.16. This represents a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gil C. Tily sold 15,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $77.30, for a total value of $1,159,500.00. Following the transaction, the director owned 108,806 shares in the company, valued at $8,410,703.80. This trade represents a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 114,000 shares of company stock valued at $8,497,550 over the last ninety days. 26.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMKR. UBS Group restated a “neutral” rating and issued a $80.00 price target on shares of Amkor Technology in a research report on Tuesday, May 26th. Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Needham & Company LLC increased their price objective on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. B. Riley Financial increased their price objective on Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Finally, The Goldman Sachs Group increased their price objective on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $67.38.

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.