Signaturefd LLC Lowers Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Signaturefd LLC lowered its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 35.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,928 shares of the semiconductor company’s stock after selling 1,625 shares during the period. Signaturefd LLC’s holdings in Amkor Technology were worth $90,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Palouse Capital Management Inc. acquired a new stake in Amkor Technology during the 3rd quarter worth approximately $127,000. Vest Financial LLC lifted its holdings in Amkor Technology by 66.9% during the 3rd quarter. Vest Financial LLC now owns 49,525 shares of the semiconductor company’s stock worth $1,515,000 after buying an additional 19,852 shares in the last quarter. Raymond James & Associates acquired a new stake in Amkor Technology during the 3rd quarter worth approximately $5,148,000. Teamwork Financial Advisors LLC acquired a new stake in Amkor Technology during the 3rd quarter worth approximately $269,000. Finally, Ulland Investment Advisors LLC acquired a new stake in Amkor Technology during the 3rd quarter worth approximately $82,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Needham & Company LLC increased their target price on shares of Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. KeyCorp assumed coverage on shares of Amkor Technology in a report on Friday, September 20th. They issued an “overweight” rating and a $38.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Amkor Technology in a report on Monday, July 1st. They issued an “overweight” rating and a $48.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on shares of Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amkor Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.75.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $29.53 on Tuesday. The company’s fifty day moving average price is $30.71 and its 200 day moving average price is $33.30. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $44.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.08 and a quick ratio of 1.83. The firm has a market capitalization of $7.26 billion, a P/E ratio of 19.43 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, topping 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 firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the business earned $0.26 EPS. Amkor Technology’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts predict that Amkor Technology, Inc. will post 1.55 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a yield of 1.07%. The ex-dividend date was Tuesday, September 3rd. Amkor Technology’s payout ratio is currently 20.39%.

Insiders Place Their Bets

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the transaction, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at approximately $6,458,636.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, 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 sale, the director now owns 19,871 shares of the company’s stock, valued at $655,146.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the sale, the chief executive officer now directly owns 204,971 shares in the company, valued at approximately $6,458,636.21. The trade was 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 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.