Proficio Capital Partners LLC Buys Shares of 12,074 Amkor Technology, Inc. (NASDAQ:AMKR)

Proficio Capital Partners LLC purchased a new position in Amkor Technology, Inc. (NASDAQ:AMKR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,074 shares of the semiconductor company’s stock, valued at approximately $310,000.

A number of other hedge funds have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in Amkor Technology in the fourth quarter valued at about $27,000. Jones Financial Companies Lllp boosted its holdings in shares of Amkor Technology by 353.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 1,160 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Amkor Technology by 46.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $56,000 after buying an additional 580 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Amkor Technology by 36.9% during the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 922 shares in the last quarter. Finally, Quarry LP lifted its position in Amkor Technology by 421.8% during the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock valued at $96,000 after acquiring an additional 2,535 shares during the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Agnes C. Kim sold 869,565 shares of the firm’s stock in a transaction that occurred on 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 owns 10,020,870 shares of the company’s stock, valued at $218,956,009.50. This trade represents a 7.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin Engel sold 5,489 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total transaction of $119,056.41. Following the completion of the transaction, the executive vice president now owns 1,388 shares of the company’s stock, 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. Insiders own 31.40% of the company’s stock.

Amkor Technology Trading Down 1.0 %

Amkor Technology stock opened at $19.69 on Wednesday. Amkor Technology, Inc. has a 52 week low of $18.87 and a 52 week high of $44.86. The stock has a 50-day moving average price of $22.43 and a 200 day moving average price of $25.93. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 13.77 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 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%. Sell-side analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.68%. Amkor Technology’s payout ratio is currently 23.08%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Needham & Company LLC restated a “buy” rating and set a $34.00 target price on shares of Amkor Technology in a research note on Tuesday, February 11th. Morgan Stanley decreased their price target on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price target on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and decreased their price objective for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Amkor Technology has an average rating of “Moderate Buy” and an average price target of $31.50.

About Amkor Technology

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.