Jones Financial Companies Lllp Boosts Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Jones Financial Companies Lllp boosted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 353.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,488 shares of the semiconductor company’s stock after buying an additional 1,160 shares during the period. Jones Financial Companies Lllp’s holdings in Amkor Technology were worth $38,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Highland Capital Management LLC raised its stake in shares of Amkor Technology by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 482 shares during the period. Larson Financial Group LLC raised its stake in shares of Amkor Technology by 46.3% during the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 580 shares during the period. New York State Teachers Retirement System raised its stake in shares of Amkor Technology by 2.0% during the fourth quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company’s stock valued at $1,020,000 after purchasing an additional 782 shares during the period. GHP Investment Advisors Inc. raised its stake in shares of Amkor Technology by 0.8% during the fourth quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company’s stock valued at $2,461,000 after purchasing an additional 785 shares during the period. Finally, Freedom Investment Management Inc. raised its stake in shares of Amkor Technology by 5.4% during the third quarter. Freedom Investment Management Inc. now owns 15,476 shares of the semiconductor company’s stock valued at $474,000 after purchasing an additional 792 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Insider Activity

In related news, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the sale, the insider now directly owns 10,020,870 shares in the company, valued at $218,956,009.50. The trade was a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total transaction of $119,056.41. Following the sale, the executive vice president now owns 1,388 shares in the company, valued at approximately $30,105.72. This represents a 79.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 31.40% of the company’s stock.

Amkor Technology Stock Performance

Shares of AMKR opened at $19.55 on Wednesday. Amkor Technology, Inc. has a 1 year low of $18.87 and a 1 year high of $44.86. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 13.67 and a beta of 1.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. The firm has a fifty day moving average of $23.03 and a 200-day moving average of $26.30.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. As a group, equities analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, March 13th. Amkor Technology’s dividend payout ratio (DPR) is 23.08%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMKR shares. Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and dropped their price objective for the company from $34.00 to $30.00 in a research note on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective on shares of Amkor Technology in a research note on Tuesday, February 11th. Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Morgan Stanley decreased their price target on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Finally, B. Riley decreased their price target on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

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.