Jackson Creek Investment Advisors LLC Takes $2.31 Million Position in Amkor Technology, Inc. $AMKR

Jackson Creek Investment Advisors LLC purchased a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,610 shares of the semiconductor company’s stock, valued at approximately $2,314,000. Amkor Technology makes up approximately 0.7% of Jackson Creek Investment Advisors LLC’s investment portfolio, making the stock its 11th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in Amkor Technology by 72.1% during the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 391 shares in the last quarter. IFP Advisors Inc raised its holdings in Amkor Technology by 91.2% during the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in Amkor Technology by 83.5% during the third 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 in the last quarter. Essex Investment Management Co. LLC purchased a new position in Amkor Technology during the third quarter worth about $43,000. Finally, Larson Financial Group LLC raised its holdings in Amkor Technology by 46.5% during the fourth quarter. Larson Financial Group LLC now owns 1,847 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 586 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Trading Up 11.7%

Shares of Amkor Technology stock opened at $73.46 on Wednesday. Amkor Technology, Inc. has a 12-month low of $17.79 and a 12-month high of $79.23. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The stock has a market cap of $18.21 billion, a PE ratio of 41.98 and a beta of 2.29. The company has a 50-day moving average of $61.14 and a two-hundred day moving average of $49.92.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.23 by $0.10. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The company’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 earnings per share. On average, research analysts anticipate that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be given a dividend of $0.0835 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Needham & Company LLC increased their price target on shares of Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Wall Street Zen cut shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Melius Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Monday, April 6th. UBS Group reissued a “neutral” rating and set a $80.00 price target on shares of Amkor Technology in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Amkor Technology from $32.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.38.

Insider Activity

In related news, CFO Megan Faust sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $64.60, for a total transaction of $64,600.00. Following the sale, the chief financial officer owned 133,138 shares in the company, valued at approximately $8,600,714.80. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas A. Alexander sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $76.58, for a total transaction of $382,900.00. Following the sale, the director owned 29,109 shares in the company, valued at approximately $2,229,167.22. This trade represents a 14.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 113,000 shares of company stock valued at $8,258,950 in the last 90 days. Insiders own 26.40% of the company’s stock.

Amkor Technology Company 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.