Amkor Technology, Inc. (NASDAQ:AMKR) Holdings Lifted by Virtu Financial LLC

Virtu Financial LLC raised its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 175.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,139 shares of the semiconductor company’s stock after acquiring an additional 27,503 shares during the quarter. Virtu Financial LLC’s holdings in Amkor Technology were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of Amkor Technology by 2,001.4% in the 2nd quarter. Renaissance Technologies LLC now owns 151,300 shares of the semiconductor company’s stock worth $6,055,000 after purchasing an additional 144,100 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Amkor Technology by 10.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 152,393 shares of the semiconductor company’s stock worth $6,099,000 after buying an additional 14,012 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of Amkor Technology by 3.5% in the second quarter. WINTON GROUP Ltd now owns 29,708 shares of the semiconductor company’s stock valued at $1,189,000 after buying an additional 998 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Amkor Technology by 13.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 431,233 shares of the semiconductor company’s stock valued at $17,258,000 after acquiring an additional 51,711 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Amkor Technology by 10.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,781 shares of the semiconductor company’s stock worth $1,552,000 after acquiring an additional 3,768 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amkor Technology

In related news, Director Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 19,871 shares of the company’s stock, valued at approximately $655,146.87. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction dated 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 owns 128,333 shares in the company, valued at approximately $5,510,619.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Winston J. Churchill sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 directly owns 19,871 shares in the company, valued at $655,146.87. The disclosure for this sale can be found here. Company insiders own 31.40% of the company’s stock.

Amkor Technology Price Performance

NASDAQ AMKR opened at $30.69 on Wednesday. The company has a 50 day simple moving average of $34.04 and a 200-day simple moving average of $33.73. Amkor Technology, Inc. has a 52-week low of $17.58 and a 52-week high of $44.86. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 20.08 and a beta of 1.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.08 and a quick ratio of 1.83.

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

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd will be given a $0.079 dividend. This represents a $0.32 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, September 3rd. Amkor Technology’s payout ratio is currently 20.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMKR shares. Morgan Stanley boosted their target price on Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. started coverage on Amkor Technology in a report on Monday, July 1st. They set an “overweight” rating and a $48.00 price objective on the stock. B. Riley raised their target price on shares of Amkor Technology from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Finally, Needham & Company LLC boosted their price target on shares of Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amkor Technology presently has a consensus rating of “Moderate Buy” and an average price target of $41.14.

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.