Nkcfo LLC Makes New $517,000 Investment in Amkor Technology, Inc. $AMKR

Nkcfo LLC bought a new stake 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 bought 13,100 shares of the semiconductor company’s stock, valued at approximately $517,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Salomon & Ludwin LLC purchased a new stake in Amkor Technology during the 3rd quarter valued at approximately $25,000. Bessemer Group Inc. increased its position in Amkor Technology by 72.1% during the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 391 shares during the period. IFP Advisors Inc increased its position in Amkor Technology by 91.2% during the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares during the period. Advisors Asset Management Inc. increased its position in Amkor Technology by 61.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 854 shares during the period. Finally, FNY Investment Advisers LLC increased its position in Amkor Technology by 83.5% during the 3rd quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 670 shares during the period. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Stock Down 1.2%

NASDAQ:AMKR opened at $69.75 on Friday. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 39.86 and a beta of 1.94. Amkor Technology, Inc. has a one year low of $17.18 and a one year high of $79.23. The stock has a 50-day simple moving average of $52.93 and a 200 day simple moving average of $45.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.01 and a current ratio of 2.01.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. Sell-side analysts predict that Amkor Technology, Inc. will post 1.94 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were issued a dividend of $0.0835 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.33 annualized dividend and a yield of 0.5%. Amkor Technology’s payout ratio is presently 18.86%.

Wall Street Analysts Forecast Growth

AMKR has been the topic of a number of research reports. Morgan Stanley upped their price target on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday. Needham & Company LLC increased their price target on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday. The Goldman Sachs Group increased their price target on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday. William Blair upgraded shares of Amkor Technology to a “neutral” rating in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. raised their price objective on Amkor Technology from $32.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.75.

Insider Buying and Selling

In other Amkor Technology news, CEO Kevin K. Engel sold 12,500 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $48.75, for a total transaction of $609,375.00. Following the sale, the chief executive officer directly owned 2,953 shares of the company’s stock, valued at $143,958.75. The trade was a 80.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $59.43, for a total transaction of $297,150.00. Following the sale, the executive vice president directly owned 38,904 shares in the company, valued at approximately $2,312,064.72. This trade represents a 11.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,500 shares of company stock valued at $2,105,225 over the last quarter. Corporate insiders own 26.40% of the company’s stock.

Amkor Technology Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.