Faithward Advisors LLC Acquires 5,985 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Faithward Advisors LLC raised its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 6.0% during the fourth quarter, HoldingsChannel reports. The firm owned 105,699 shares of the semiconductor company’s stock after buying an additional 5,985 shares during the quarter. Faithward Advisors LLC’s holdings in Amkor Technology were worth $2,715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Amkor Technology during the fourth quarter valued at $27,000. Jones Financial Companies Lllp lifted its stake in 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. Hurley Capital LLC acquired a new position in Amkor Technology in the 4th quarter valued at $43,000. Blue Trust Inc. grew its position in shares of Amkor Technology by 36.9% in the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 922 shares in the last quarter. Finally, 1620 Investment Advisors Inc. boosted its position in shares of Amkor Technology by 24.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company’s stock valued at $122,000 after acquiring an additional 942 shares during the last quarter. 42.76% of the stock is owned by institutional investors.

Amkor Technology Trading Up 3.3 %

Shares of NASDAQ AMKR opened at $15.37 on Tuesday. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $44.86. 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 business has a 50 day simple moving average of $20.94 and a 200 day simple moving average of $25.12. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 10.75 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, topping 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%. On average, research analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were issued a dividend of $0.0827 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a yield of 2.15%. Amkor Technology’s payout ratio is 23.08%.

Analysts Set New Price Targets

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

Insider Activity

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the transaction, the insider now directly owns 10,020,870 shares of the company’s stock, valued at approximately $218,956,009.50. This represents 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 accessible through this link. Also, EVP Kevin Engel sold 5,489 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the completion of the transaction, the executive vice president now owns 1,388 shares in the company, valued at $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.

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.