GAMMA Investing LLC Raises Position in Amkor Technology, Inc. (NASDAQ:AMKR)

GAMMA Investing LLC raised its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 2,698.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 87,645 shares of the semiconductor company's stock after acquiring an additional 84,513 shares during the period. GAMMA Investing LLC's holdings in Amkor Technology were worth $1,583,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMKR. SBI Securities Co. Ltd. acquired a new stake in shares of Amkor Technology during the 4th quarter worth approximately $27,000. Jones Financial Companies Lllp increased its holdings in shares of Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after buying an additional 1,160 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Amkor Technology by 421.0% during the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock worth $39,000 after buying an additional 1,242 shares during the last quarter. Hurley Capital LLC acquired a new stake in shares of Amkor Technology during the 4th quarter worth approximately $43,000. Finally, Versant Capital Management Inc increased its holdings in shares of Amkor Technology by 467.7% during the 1st quarter. Versant Capital Management Inc now owns 3,009 shares of the semiconductor company's stock worth $54,000 after buying an additional 2,479 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Price Performance

Amkor Technology stock opened at $19.89 on Friday. The stock has a market cap of $4.91 billion, a P/E ratio of 13.91 and a beta of 1.83. The company has a fifty day simple moving average of $18.13 and a 200-day simple moving average of $21.46. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $44.86. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business earned $0.24 EPS. Amkor Technology's revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be paid a dividend of $0.0827 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.33 annualized dividend and a yield of 1.66%. Amkor Technology's dividend payout ratio is currently 25.78%.

Wall Street Analysts Forecast Growth

AMKR has been the subject of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. DA Davidson lowered their price objective on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. B. Riley cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 21st. Needham & Company LLC decreased their price target on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Amkor Technology currently has a consensus rating of "Hold" and an average target price 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.

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