Amkor Technology, Inc. (NASDAQ:AMKR) is SW Investment Management LLC’s Largest Position

SW Investment Management LLC lessened its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 18.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,350,000 shares of the semiconductor company’s stock after selling 300,000 shares during the period. Amkor Technology comprises about 17.2% of SW Investment Management LLC’s investment portfolio, making the stock its largest position. SW Investment Management LLC owned approximately 0.55% of Amkor Technology worth $54,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Amkor Technology by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 14,976,630 shares of the semiconductor company’s stock worth $482,847,000 after buying an additional 219,638 shares during the last quarter. Earnest Partners LLC lifted its holdings in Amkor Technology by 3.2% in the second quarter. Earnest Partners LLC now owns 2,423,255 shares of the semiconductor company’s stock worth $96,979,000 after acquiring an additional 75,364 shares during the last quarter. American Century Companies Inc. boosted its stake in Amkor Technology by 54.4% in the second quarter. American Century Companies Inc. now owns 1,673,314 shares of the semiconductor company’s stock valued at $66,966,000 after acquiring an additional 589,530 shares during the period. Driehaus Capital Management LLC bought a new position in shares of Amkor Technology during the second quarter valued at approximately $58,379,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Amkor Technology by 4.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,410,504 shares of the semiconductor company’s stock worth $46,927,000 after purchasing an additional 63,104 shares during the period. 42.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMKR shares. Needham & Company LLC upped their price objective on Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. KeyCorp initiated coverage on shares of Amkor Technology in a research report on Friday, September 20th. They set an “overweight” rating and a $38.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Amkor Technology in a research report on Monday, July 1st. They issued an “overweight” rating and a $48.00 price objective on the stock. B. Riley upped their target price on shares of Amkor Technology from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Finally, Morgan Stanley lifted their price target on Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.75.

Insider Transactions at Amkor Technology

In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $42.94, for a total transaction of $1,073,500.00. Following the completion of the sale, the chief executive officer now directly owns 128,333 shares of the company’s stock, valued at $5,510,619.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Winston J. Churchill sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the completion of the transaction, the director now owns 19,871 shares of the company’s stock, valued at approximately $655,146.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $42.94, for a total transaction of $1,073,500.00. Following the sale, the chief executive officer now directly owns 128,333 shares in the company, valued at $5,510,619.02. The disclosure for this sale can be found here. Corporate insiders own 31.40% of the company’s stock.

Amkor Technology Trading Down 4.8 %

Shares of Amkor Technology stock opened at $29.12 on Wednesday. The business has a fifty day simple moving average of $31.57 and a 200-day simple moving average of $33.51. Amkor Technology, Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $44.86. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 19.16 and a beta of 1.85. The company has a quick ratio of 1.83, a current ratio of 2.08 and a debt-to-equity ratio of 0.23.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts forecast that Amkor Technology, Inc. will post 1.53 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.079 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.09%. Amkor Technology’s dividend payout ratio (DPR) is presently 20.39%.

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.