Jefferies Financial Group Inc. Acquires Shares of 26,885 Amkor Technology, Inc. (NASDAQ:AMKR)

Jefferies Financial Group Inc. purchased a new stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 26,885 shares of the semiconductor company's stock, valued at approximately $486,000.

A number of other institutional investors have also modified their holdings of AMKR. UMB Bank n.a. lifted its position in Amkor Technology by 677.0% in the 1st quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 1,530 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Amkor Technology by 166.3% in the first quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 1,357 shares in the last quarter. Bessemer Group Inc. raised its position in 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 period. Versant Capital Management Inc lifted its stake 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 worth $54,000 after acquiring an additional 2,479 shares in the last quarter. Finally, Palouse Capital Management Inc. boosted its position in Amkor Technology by 52.2% during the 1st quarter. Palouse Capital Management Inc. now owns 4,010 shares of the semiconductor company's stock worth $72,000 after acquiring an additional 1,375 shares during the period. Institutional investors own 42.76% of the company's stock.

Amkor Technology Stock Performance

AMKR traded up $0.26 during midday trading on Friday, reaching $23.13. The company's stock had a trading volume of 2,267,183 shares, compared to its average volume of 2,562,687. The company has a fifty day simple moving average of $21.22 and a 200 day simple moving average of $20.21. The stock has a market cap of $5.72 billion, a P/E ratio of 18.80 and a beta of 1.85. The company has a current ratio of 1.89, a quick ratio of 1.70 and a debt-to-equity ratio of 0.28. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $33.85.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm posted $0.27 EPS. The business's revenue was up 3.4% compared to the same quarter last year. Research analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.0827 per share. The ex-dividend date was Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a yield of 1.4%. Amkor Technology's payout ratio is currently 26.83%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Amkor Technology from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. The Goldman Sachs Group initiated coverage on shares of Amkor Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $20.00 price objective on the stock. KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a research note on Thursday, April 17th. Morgan Stanley reiterated an "equal weight" rating on shares of Amkor Technology in a research note on Tuesday, July 29th. Finally, UBS Group raised their price objective on Amkor Technology from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.44.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, major shareholder John T. Kim bought 441,589 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of $21.85 per share, with a total value of $9,648,719.65. Following the completion of the purchase, the insider directly owned 3,789,479 shares in the company, valued at $82,800,116.15. The trade was a 13.19% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark N. Rogers sold 15,000 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $23.58, for a total value of $353,700.00. Following the completion of the sale, the executive vice president directly owned 23,862 shares in the company, valued at approximately $562,665.96. This represents a 38.60% decrease in their position. The disclosure for this sale can be found here. Insiders own 26.90% of the company's stock.

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.