SG Americas Securities LLC Trims Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

SG Americas Securities LLC lessened its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKRGet Rating) by 7.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 89,721 shares of the semiconductor company’s stock after selling 7,134 shares during the quarter. SG Americas Securities LLC’s holdings in Amkor Technology were worth $1,949,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AMKR. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Amkor Technology in the 4th quarter valued at $25,000. Signaturefd LLC boosted its position in shares of Amkor Technology by 269.8% in the 4th quarter. Signaturefd LLC now owns 1,505 shares of the semiconductor company’s stock worth $37,000 after buying an additional 1,098 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in shares of Amkor Technology in the 4th quarter worth about $37,000. First Quadrant LLC CA purchased a new stake in shares of Amkor Technology in the 1st quarter worth about $38,000. Finally, Larson Financial Group LLC purchased a new position in Amkor Technology in the 4th quarter valued at about $41,000. 59.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Megan Faust sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $19.07, for a total value of $228,840.00. Following the transaction, the chief financial officer now directly owns 8,512 shares of the company’s stock, valued at approximately $162,323.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 56.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AMKR shares. DA Davidson started coverage on shares of Amkor Technology in a research note on Wednesday, June 29th. They set a “buy” rating and a $30.00 price objective for the company. started coverage on shares of Amkor Technology in a research report on Thursday, March 31st. They issued a “buy” rating for the company.

Amkor Technology Price Performance

Shares of AMKR opened at $18.72 on Tuesday. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 6.64 and a beta of 1.53. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.49 and a current ratio of 1.81. Amkor Technology, Inc. has a one year low of $14.89 and a one year high of $29.50. The stock’s fifty day moving average is $18.13 and its 200-day moving average is $20.23.

Amkor Technology (NASDAQ:AMKRGet Rating) last released its earnings results on Monday, May 2nd. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. Amkor Technology had a return on equity of 24.26% and a net margin of 10.83%. The firm had revenue of $1.60 billion for the quarter. Equities analysts anticipate that Amkor Technology, Inc. will post 2.7 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 27th. Stockholders of record on Tuesday, June 7th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 6th. This represents a $0.20 annualized dividend and a dividend yield of 1.07%. Amkor Technology’s dividend payout ratio is 7.09%.

Amkor Technology Profile

(Get Rating)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.

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Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

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