Twinbeech Capital LP Takes $412,000 Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Twinbeech Capital LP bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,034 shares of the semiconductor company's stock, valued at approximately $412,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMKR. SBI Securities Co. Ltd. acquired a new position in shares of Amkor Technology during the 4th quarter worth about $27,000. Jones Financial Companies Lllp boosted its position 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 acquiring an additional 1,160 shares in the last quarter. Bessemer Group Inc. boosted its position 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 acquiring 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 about $43,000. Finally, Blue Trust Inc. boosted its position in shares of Amkor Technology by 36.9% during the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock worth $88,000 after acquiring an additional 922 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Trading Down 1.5%

Shares of NASDAQ:AMKR traded down $0.28 during midday trading on Wednesday, reaching $18.63. The company's stock had a trading volume of 517,399 shares, compared to its average volume of 1,823,932. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 13.03 and a beta of 1.86. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $44.86. The business has a 50 day moving average price of $17.74 and a 200 day moving average price of $22.08.

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 for the quarter, meeting analysts' consensus estimates of $0.09. The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.28 billion. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. Research analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Announces Dividend

The firm 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 $0.0827 dividend. This represents a $0.33 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, June 5th. Amkor Technology's dividend payout ratio (DPR) is 25.78%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. DA Davidson decreased their target price on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley decreased their target price on 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. KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. JPMorgan Chase & Co. decreased their target price on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. Finally, B. Riley downgraded Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $28.00.

About Amkor Technology

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.