Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by 1492 Capital Management LLC

1492 Capital Management LLC lowered its position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 59.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,025 shares of the semiconductor company's stock after selling 39,428 shares during the quarter. 1492 Capital Management LLC's holdings in Amkor Technology were worth $488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AMKR. Bessemer Group Inc. lifted its position in shares of Amkor Technology by 421.0% during 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 during the last quarter. Hurley Capital LLC acquired a new stake in Amkor Technology in the 4th quarter valued at $43,000. UMB Bank n.a. boosted its stake in Amkor Technology by 677.0% during the 1st quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 1,530 shares during the last quarter. Allworth Financial LP increased its position in Amkor Technology by 166.3% during the first quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 1,357 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in Amkor Technology by 467.7% in the 1st quarter. Versant Capital Management Inc now owns 3,009 shares of the semiconductor company's stock valued at $54,000 after buying an additional 2,479 shares during the period. Hedge funds and other institutional investors own 42.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their price target on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th. Morgan Stanley decreased their price target on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. B. Riley downgraded Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Finally, Needham & Company LLC reduced their target price on Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $26.50.

Amkor Technology Price Performance

Amkor Technology stock traded up $0.02 during midday trading on Friday, reaching $21.16. 1,233,494 shares of the company were exchanged, compared to its average volume of 1,509,258. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.83 and a current ratio of 2.06. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 16.52 and a beta of 1.85. The firm's 50-day simple moving average is $20.41 and its 200-day simple moving average is $20.46. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $39.48.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the business earned $0.24 EPS. The company's revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 5th were given a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.56%. The ex-dividend date was Thursday, June 5th. Amkor Technology's dividend payout ratio (DPR) is presently 25.78%.

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.