Two Sigma Advisers LP Sells 16,400 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Two Sigma Advisers LP decreased its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 50.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,000 shares of the semiconductor company's stock after selling 16,400 shares during the period. Two Sigma Advisers LP's holdings in Amkor Technology were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of AMKR. SBI Securities Co. Ltd. bought a new position in Amkor Technology in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp boosted its position in shares of Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after purchasing 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 fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 1,242 shares in the last quarter. Hurley Capital LLC bought a new position in shares of Amkor Technology during the fourth quarter worth $43,000. Finally, Blue Trust Inc. boosted its position in shares of Amkor Technology by 36.9% during the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 922 shares in the last quarter. 42.76% of the stock is owned by institutional investors.

Amkor Technology Price Performance

NASDAQ:AMKR traded up $0.43 on Friday, hitting $19.26. The company had a trading volume of 1,501,101 shares, compared to its average volume of 1,867,710. 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, Inc. has a 52 week low of $14.03 and a 52 week high of $44.86. The firm has a 50 day moving average of $17.71 and a two-hundred day moving average of $21.64. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 13.47 and a beta of 1.83.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. Amkor Technology's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 earnings per share. On average, research analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Thursday, June 5th. Amkor Technology's payout ratio is 25.78%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMKR. JPMorgan Chase & Co. cut their price objective on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. DA Davidson cut their price objective on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock 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. Finally, Needham & Company LLC cut their price objective on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Amkor Technology presently has an average rating of "Hold" and a consensus price target of $28.00.

Amkor Technology 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.