GAMMA Investing LLC Sells 1,223 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

GAMMA Investing LLC lessened its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 28.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,132 shares of the semiconductor company’s stock after selling 1,223 shares during the quarter. GAMMA Investing LLC’s holdings in Amkor Technology were worth $80,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in Amkor Technology in the 3rd quarter valued at about $39,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Amkor Technology in the second quarter valued at approximately $40,000. Larson Financial Group LLC boosted its stake in shares of Amkor Technology by 46.3% in the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 580 shares during the period. Ulland Investment Advisors LLC acquired a new stake in Amkor Technology during the third quarter worth approximately $82,000. Finally, Quarry LP increased its stake in Amkor Technology by 421.8% during the 3rd quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock worth $96,000 after acquiring an additional 2,535 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMKR. DA Davidson cut their target price on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Melius Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. The Goldman Sachs Group decreased their target price on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. KeyCorp cut their price target on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amkor Technology currently has an average rating of “Hold” and a consensus price target of $35.50.

Amkor Technology Stock Performance

NASDAQ AMKR opened at $25.58 on Friday. The firm’s fifty day moving average price is $26.27 and its two-hundred day moving average price is $30.72. The stock has a market cap of $6.31 billion, a PE ratio of 17.28 and a beta of 1.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. Amkor Technology, Inc. has a fifty-two week low of $24.10 and a fifty-two week high of $44.86.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. On average, equities analysts expect that Amkor Technology, Inc. will post 1.42 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Wednesday, December 4th. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio (DPR) is 22.30%.

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the transaction, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at $6,458,636.21. This trade represents a 4.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 31.40% of the stock is owned by corporate insiders.

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.