Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 53.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,913 shares of the semiconductor company’s stock after selling 12,781 shares during the quarter. SG Americas Securities LLC’s holdings in Amkor Technology were worth $334,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. 1620 Investment Advisors Inc. acquired a new position in shares of Amkor Technology during the second quarter valued at $31,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Amkor Technology during the second quarter valued at $40,000. Larson Financial Group LLC boosted its holdings in shares of 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 acquiring an additional 1,130 shares during the period. Rothschild Investment LLC acquired a new position in shares of Amkor Technology during the second quarter valued at $52,000. Finally, Headlands Technologies LLC acquired a new position in shares of Amkor Technology during the first quarter valued at $43,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Price Performance

Shares of Amkor Technology stock opened at $30.53 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’s 50-day moving average price is $31.02 and its two-hundred day moving average price is $33.38. Amkor Technology, Inc. has a 52 week low of $17.58 and a 52 week high of $44.86. The stock has a market cap of $7.50 billion, a PE ratio of 20.09 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. Amkor Technology’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. As a group, sell-side analysts anticipate that Amkor Technology, Inc. will post 1.55 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd were paid a $0.079 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.04%. Amkor Technology’s dividend payout ratio is currently 20.39%.

Insider Buying and Selling

In related news, Director Winston J. Churchill sold 20,000 shares of Amkor Technology stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the transaction, the director now owns 19,871 shares of the company’s stock, valued at approximately $655,146.87. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the transaction, the chief executive officer now owns 204,971 shares of the company’s stock, valued at $6,458,636.21. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Winston J. Churchill sold 20,000 shares of Amkor Technology stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the transaction, the director now directly owns 19,871 shares in the company, valued at approximately $655,146.87. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMKR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Amkor Technology in a research note on Monday, July 1st. They set an “overweight” rating and a $48.00 price objective on the stock. KeyCorp initiated coverage on shares of Amkor Technology in a research note on Friday, September 20th. They set an “overweight” rating and a $38.00 price objective on the stock. Needham & Company LLC lifted their price objective on shares of Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. StockNews.com upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley lifted their price objective on shares of Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.75.

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.