Marshall Wace LLP Invests $712,000 in Amkor Technology, Inc. (NASDAQ:AMKR)

Marshall Wace LLP bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,717 shares of the semiconductor company’s stock, valued at approximately $712,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Amkor Technology during the fourth quarter worth $27,000. Jones Financial Companies Lllp increased its position in shares of Amkor Technology by 353.7% in the fourth 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. Bessemer Group Inc. increased its position in shares of Amkor Technology by 421.0% in the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 1,242 shares in the last quarter. Hurley Capital LLC acquired a new position in shares of Amkor Technology during the 4th quarter worth $43,000. Finally, Blue Trust Inc. boosted its position in shares of Amkor Technology by 36.9% in the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock worth $88,000 after buying an additional 922 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Trading Up 0.2 %

NASDAQ AMKR opened at $17.48 on Friday. The company has a 50-day moving average of $18.24 and a 200-day moving average of $23.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $44.86. The company has a market cap of $4.32 billion, a P/E ratio of 12.22 and a beta of 1.88.

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 analysts’ consensus estimates of $0.09. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $0.24 EPS. Amkor Technology’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were given a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, March 13th. Amkor Technology’s dividend payout ratio (DPR) is presently 25.78%.

Insider Activity at Amkor Technology

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $21.85, for a total value of $18,999,995.25. Following the transaction, the insider now directly owns 10,020,870 shares of the company’s stock, valued at $218,956,009.50. This trade represents a 7.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the executive vice president now directly owns 1,388 shares of the company’s stock, valued at $30,105.72. The trade was a 79.82 % decrease in their position. The disclosure for this sale can be found here. 26.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. B. Riley cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 21st. DA Davidson lowered their target price on Amkor Technology from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday. Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on Amkor Technology from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, KeyCorp reiterated a “sector weight” rating on shares of Amkor Technology in a research report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.00.

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.