XTX Topco Ltd Purchases 23,937 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

XTX Topco Ltd boosted its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 178.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,376 shares of the semiconductor company’s stock after purchasing an additional 23,937 shares during the quarter. XTX Topco Ltd’s holdings in Amkor Technology were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. 1620 Investment Advisors Inc. purchased a new stake in shares of Amkor Technology in the second quarter worth $31,000. Pineridge Advisors LLC bought a new position in shares of Amkor Technology in the fourth quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC purchased a new stake in Amkor Technology in the second quarter valued at approximately $40,000. Larson Financial Group LLC lifted its position in Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in Amkor Technology in the 2nd quarter worth approximately $52,000. 42.76% of the stock is owned by institutional investors.

Amkor Technology Stock Performance

Shares of NASDAQ:AMKR opened at $31.65 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $33.55 and a 200-day moving average price of $33.69. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 20.82 and a beta of 1.85. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. Amkor Technology’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS. As a group, equities analysts anticipate that Amkor Technology, Inc. will post 1.53 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd will be paid a $0.079 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Tuesday, September 3rd. Amkor Technology’s payout ratio is 20.39%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of Amkor Technology in a research report on Monday, July 1st. They set an “overweight” rating and a $48.00 price objective on the stock. Morgan Stanley lifted their price target on Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 2nd. Needham & Company LLC increased their price objective on Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, B. Riley raised their price objective on Amkor Technology from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.14.

Insider Activity at Amkor Technology

In related news, Director Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the transaction, the director now owns 19,871 shares in the company, valued at $655,146.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related 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 value of $1,073,500.00. Following 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 legal filing with the SEC, which is available through the SEC website. Also, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was 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 disclosure for this sale can be found here. 31.40% of the stock is currently owned by company insiders.

Amkor Technology 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.