Nissay Asset Management Corp Japan ADV Raises Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Nissay Asset Management Corp Japan ADV boosted its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,847 shares of the semiconductor company’s stock after acquiring an additional 1,793 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Amkor Technology were worth $1,377,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Amkor Technology during the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp lifted its position in Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 1,160 shares during the last quarter. Bessemer Group Inc. lifted its position in Amkor Technology by 421.0% during the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 1,242 shares during the last quarter. Hurley Capital LLC bought a new stake in Amkor Technology during the fourth quarter valued at approximately $43,000. Finally, Blue Trust Inc. lifted its position in Amkor Technology by 36.9% during 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 during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Trading Down 1.0%

Shares of AMKR opened at $19.73 on Monday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 13.80 and a beta of 1.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $44.86. The firm has a 50 day moving average price of $17.83 and a 200-day moving average price of $22.44.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. As a group, equities research analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.0827 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.68%. Amkor Technology’s dividend payout ratio is currently 25.78%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMKR. Needham & Company LLC dropped their target price on shares of Amkor Technology from $34.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Morgan Stanley lowered their price objective on shares of Amkor Technology from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. JPMorgan Chase & Co. lowered their price objective on shares of Amkor Technology from $30.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, April 29th. B. Riley lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, April 21st. Finally, KeyCorp restated a “sector weight” rating on shares of Amkor Technology in a report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.00.

Insider Transactions at Amkor Technology

In other news, major shareholder Agnes C. Kim sold 869,565 shares of the 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 completion of the sale, the insider now directly owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. This represents a 7.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the executive vice president now directly owns 1,388 shares in the company, valued at approximately $30,105.72. The trade was a 79.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.90% of the stock is currently owned by company insiders.

Amkor Technology 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.