Amkor Technology, Inc. (NASDAQ:AMKR) Shares Acquired by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC increased its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKRGet Rating) by 37.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,805 shares of the semiconductor company’s stock after purchasing an additional 11,451 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Amkor Technology were worth $713,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wipfli Financial Advisors LLC acquired a new position in Amkor Technology during the 3rd quarter worth approximately $28,000. Nisa Investment Advisors LLC grew its holdings in Amkor Technology by 85.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,865 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 860 shares during the period. Ronald Blue Trust Inc. acquired a new position in Amkor Technology during the second quarter worth $35,000. CWM LLC raised its position in Amkor Technology by 39.6% in the third quarter. CWM LLC now owns 2,201 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 624 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Amkor Technology in the first quarter valued at $38,000. 38.07% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Price Performance

AMKR stock opened at $26.25 on Wednesday. The firm has a 50 day moving average of $27.82 and a 200-day moving average of $23.94. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 8.44 and a beta of 1.76. The company has a current ratio of 1.99, a quick ratio of 1.61 and a debt-to-equity ratio of 0.29. Amkor Technology, Inc. has a 12-month low of $14.89 and a 12-month high of $31.38.

Amkor Technology (NASDAQ:AMKRGet Rating) last issued its quarterly earnings data on Monday, February 13th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.03). The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.85 billion. Amkor Technology had a return on equity of 22.57% and a net margin of 10.80%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 earnings per share. As a group, equities analysts expect that Amkor Technology, Inc. will post 2.15 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Tuesday, February 28th will be issued a dividend of $0.075 per share. The ex-dividend date is Monday, February 27th. This represents a $0.30 annualized dividend and a yield of 1.14%. Amkor Technology’s dividend payout ratio (DPR) is currently 9.65%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Friday, March 3rd.

Insiders Place Their Bets

In other news, EVP Kevin Engel sold 14,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $25.26, for a total transaction of $359,955.00. Following the completion of the transaction, the executive vice president now directly owns 3,021 shares of the company’s stock, valued at approximately $76,310.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amkor Technology news, Director Gil C. Tily sold 20,000 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $25.81, for a total value of $516,200.00. Following the transaction, the director now directly owns 137,924 shares in the company, valued at approximately $3,559,818.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kevin Engel sold 14,250 shares of the firm’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $25.26, for a total transaction of $359,955.00. Following the sale, the executive vice president now directly owns 3,021 shares in the company, valued at $76,310.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,026,250 shares of company stock worth $51,436,355. Insiders own 56.50% of the company’s stock.

Amkor Technology Company Profile

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Amkor Technology, Inc provides outsourced semiconductor packaging and test services. Its services include design, package characterization, test and wafer bumping services. The firm’s operations include production facilities, product development centers, and sales and support offices. The company was founded in 1986 and is headquartered in Tempe, AZ.

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

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