XTX Topco Ltd Takes Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Key Points

• XTX Topco Ltd acquired 76,258 shares of Amkor Technology, Inc. valued at approximately $1.38 million earlier in the first quarter.
• Several institutional investors also increased their stakes in Amkor Technology, with Wealth Enhancement Advisory Services LLC and M&T Bank Corp raising their stakes by 22.7% and 36.9%, respectively.
• Analysts have set a new average price target of $26.44 for Amkor Technology, with ratings ranging from "buy" to "hold" in recent reports.

XTX Topco Ltd acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 76,258 shares of the semiconductor company's stock, valued at approximately $1,377,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. boosted 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 in the last quarter. Hurley Capital LLC bought a new position in shares of Amkor Technology in the 4th quarter worth $43,000. UMB Bank n.a. lifted its holdings in shares of Amkor Technology by 677.0% in 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 in the last quarter. Allworth Financial LP lifted its holdings in shares of Amkor Technology by 166.3% in the 1st 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 in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of 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 purchasing an additional 2,479 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Insider Buying and Selling

In other Amkor Technology news, EVP Mark N. Rogers sold 15,000 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $23.58, for a total value of $353,700.00. Following the completion of the transaction, the executive vice president owned 23,862 shares in the company, valued at $562,665.96. This trade represents a 38.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 26.90% of the stock is currently owned by corporate insiders.

Amkor Technology Stock Performance

Shares of Amkor Technology stock traded up $0.60 during trading hours on Monday, hitting $22.35. 2,507,389 shares of the company's stock traded hands, compared to its average volume of 2,154,851. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $33.85. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 18.17 and a beta of 1.85. The company has a fifty day simple moving average of $20.82 and a 200-day simple moving average of $20.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.89 and a quick ratio of 1.70.

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

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were paid a $0.0827 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.33 annualized dividend and a yield of 1.5%. Amkor Technology's dividend payout ratio (DPR) is currently 26.83%.

Analyst Ratings Changes

AMKR has been the topic of a number of recent research reports. The Goldman Sachs Group started coverage on Amkor Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $20.00 target price on the stock. 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. JPMorgan Chase & Co. raised their price objective on Amkor Technology from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Needham & Company LLC raised their price objective on Amkor Technology from $22.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, B. Riley raised their price objective on Amkor Technology from $18.00 to $24.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.44.

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.