Teamwork Financial Advisors LLC Purchases New Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Teamwork Financial Advisors LLC purchased a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,800 shares of the semiconductor company’s stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. 1620 Investment Advisors Inc. purchased a new stake in Amkor Technology during the 2nd quarter worth approximately $31,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Amkor Technology in the second quarter worth $40,000. Headlands Technologies LLC acquired a new stake in Amkor Technology in the first quarter valued at $43,000. Larson Financial Group LLC boosted its stake in Amkor Technology by 911.3% during the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,130 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in Amkor Technology during the 2nd quarter worth $52,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the transaction, the chief executive officer now owns 204,971 shares in the company, valued at approximately $6,458,636.21. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the completion of the transaction, the director now owns 19,871 shares in the company, valued at $655,146.87. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the sale, the chief executive officer now owns 204,971 shares in the company, valued at approximately $6,458,636.21. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. KeyCorp initiated coverage on shares of Amkor Technology in a research note on Friday, September 20th. They issued an “overweight” rating and a $38.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Amkor Technology in a research note on Monday, July 1st. They set an “overweight” rating and a $48.00 price objective on the stock. Morgan Stanley lifted their target price on Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 2nd. Needham & Company LLC increased their price target on Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, StockNews.com upgraded Amkor Technology from a “hold” rating to a “buy” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.75.

Amkor Technology Price Performance

Shares of AMKR opened at $30.53 on Friday. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 20.09 and a beta of 1.84. The stock’s fifty day moving average is $31.02 and its 200-day moving average is $33.36. Amkor Technology, Inc. has a one year low of $17.58 and a one year high of $44.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 2.08.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. Amkor Technology’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. Equities analysts anticipate that Amkor Technology, Inc. will post 1.55 EPS for the current year.

Amkor Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd were issued a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Tuesday, September 3rd. Amkor Technology’s payout ratio is currently 20.39%.

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.