Seven Eight Capital LP Has $1.05 Million Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Seven Eight Capital LP reduced its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 9.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,275 shares of the semiconductor company’s stock after selling 2,901 shares during the period. Seven Eight Capital LP’s holdings in Amkor Technology were worth $1,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMKR. Hsbc Holdings PLC lifted its stake in Amkor Technology by 500.3% in the second quarter. Hsbc Holdings PLC now owns 67,020 shares of the semiconductor company’s stock valued at $2,704,000 after acquiring an additional 55,856 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Amkor Technology in the 2nd quarter valued at $2,161,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Amkor Technology by 12.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,474 shares of the semiconductor company’s stock worth $737,000 after purchasing an additional 2,058 shares in the last quarter. Amalgamated Bank increased its position in Amkor Technology by 22.1% during the second quarter. Amalgamated Bank now owns 66,467 shares of the semiconductor company’s stock worth $2,660,000 after buying an additional 12,018 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in Amkor Technology by 175.9% during the second quarter. Virtu Financial LLC now owns 43,139 shares of the semiconductor company’s stock valued at $1,726,000 after buying an additional 27,503 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amkor Technology

In other news, Director Winston J. Churchill sold 20,000 shares of Amkor Technology stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the sale, the director now directly owns 19,871 shares in the company, valued at approximately $655,146.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction on Monday, July 15th. The stock was sold at an average price of $42.94, for a total transaction of $1,073,500.00. Following the completion of the transaction, the chief executive officer now directly owns 128,333 shares of the company’s stock, valued at $5,510,619.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the completion of the sale, the director now owns 19,871 shares in the company, valued at approximately $655,146.87. The disclosure for this sale can be found here. 31.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AMKR shares. B. Riley upped their price target on Amkor Technology from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Needham & Company LLC lifted their price target on shares of Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. KeyCorp assumed coverage on shares of Amkor Technology in a research note on Friday. They issued an “overweight” rating and a $38.00 price objective for the company. Morgan Stanley raised their target price on shares of Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. started coverage on shares of Amkor Technology in a report on Monday, July 1st. They set an “overweight” rating and a $48.00 price target for the company. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.75.

Amkor Technology Stock Down 2.2 %

NASDAQ AMKR opened at $30.96 on Friday. Amkor Technology, Inc. has a twelve month low of $17.58 and a twelve month 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. The stock has a market cap of $7.61 billion, a PE ratio of 20.37 and a beta of 1.85. The firm has a 50-day simple moving average of $33.34 and a 200 day simple moving average of $33.68.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. Amkor Technology’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 EPS. On average, research analysts forecast that Amkor Technology, Inc. will post 1.53 EPS for the current year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd will be issued a $0.079 dividend. This represents a $0.32 annualized dividend and a yield of 1.02%. The ex-dividend date is Tuesday, September 3rd. Amkor Technology’s dividend payout ratio (DPR) is presently 20.39%.

Amkor Technology Company 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.