GAMMA Investing LLC Acquires New Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

GAMMA Investing LLC acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,047 shares of the semiconductor company’s stock, valued at approximately $96,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings in Amkor Technology by 1,414.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 806 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in Amkor Technology by 21.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 98,897 shares of the semiconductor company’s stock valued at $3,290,000 after buying an additional 17,244 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Amkor Technology by 9.2% in the 4th quarter. Handelsbanken Fonder AB now owns 18,976 shares of the semiconductor company’s stock valued at $631,000 after buying an additional 1,600 shares in the last quarter. Knights of Columbus Asset Advisors LLC purchased a new stake in Amkor Technology in the 4th quarter valued at $4,286,000. Finally, Xponance Inc. grew its holdings in Amkor Technology by 14.7% in the 4th quarter. Xponance Inc. now owns 22,350 shares of the semiconductor company’s stock valued at $744,000 after buying an additional 2,871 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Stock Performance

NASDAQ AMKR opened at $30.62 on Monday. The stock has a market cap of $7.53 billion, a PE ratio of 20.97 and a beta of 1.96. The company has a current ratio of 2.31, a quick ratio of 2.02 and a debt-to-equity ratio of 0.27. Amkor Technology, Inc. has a twelve month low of $17.58 and a twelve month high of $37.00. The stock has a fifty day simple moving average of $31.57 and a 200-day simple moving average of $29.68.

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

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were issued a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Monday, March 11th. Amkor Technology’s dividend payout ratio (DPR) is 21.23%.

Analysts Set New Price Targets

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

Insider Activity at Amkor Technology

In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $30.34, for a total value of $81,918.00. Following the sale, the chief financial officer now owns 38,811 shares of the company’s stock, valued at approximately $1,177,525.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction dated Friday, March 15th. The stock was 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 of the company’s stock, valued at approximately $3,887,385.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Megan Faust sold 2,700 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $30.34, for a total value of $81,918.00. Following the completion of the sale, the chief financial officer now directly owns 38,811 shares in the company, valued at approximately $1,177,525.74. The disclosure for this sale can be found here. Insiders sold 80,500 shares of company stock worth $2,494,720 in the last three months. 31.40% of the stock is owned by company insiders.

About Amkor Technology

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.