Point72 Hong Kong Ltd Invests $249,000 in Amkor Technology, Inc. (NASDAQ:AMKR)

Point72 Hong Kong Ltd acquired a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,214 shares of the semiconductor company’s stock, valued at approximately $249,000.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Amkor Technology by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 14,976,630 shares of the semiconductor company’s stock worth $482,847,000 after purchasing an additional 219,638 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Amkor Technology by 54.4% during the 2nd quarter. American Century Companies Inc. now owns 1,673,314 shares of the semiconductor company’s stock worth $66,966,000 after buying an additional 589,530 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Amkor Technology by 4.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,410,504 shares of the semiconductor company’s stock worth $46,927,000 after buying an additional 63,104 shares during the period. Norges Bank bought a new position in shares of Amkor Technology during the 4th quarter worth approximately $39,224,000. Finally, Westwood Holdings Group Inc. lifted its position in shares of Amkor Technology by 0.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,112,942 shares of the semiconductor company’s stock worth $44,540,000 after buying an additional 9,324 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Insider Buying and Selling

In related news, Director Winston J. Churchill sold 20,000 shares of Amkor Technology stock in a transaction on Tuesday, August 27th. The stock was 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 directly owns 19,871 shares of the company’s stock, valued at $655,146.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related 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 sale, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, Director Winston J. Churchill sold 20,000 shares of Amkor Technology 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 sale, the director now directly owns 19,871 shares of the company’s stock, valued at $655,146.87. The disclosure for this sale can be found here. 31.40% of the stock is owned by insiders.

Amkor Technology Trading Up 3.8 %

AMKR stock opened at $31.91 on Friday. The company has a market cap of $7.84 billion, a P/E ratio of 20.99 and a beta of 1.85. Amkor Technology, Inc. has a twelve month low of $17.58 and a twelve month high of $44.86. The company has a quick ratio of 1.83, a current ratio of 2.08 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $32.19 and a 200-day moving average of $33.55.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. As a group, equities research analysts expect that Amkor Technology, Inc. will post 1.53 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.079 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.99%. Amkor Technology’s payout ratio is currently 20.39%.

Analyst Upgrades and Downgrades

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

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.