1620 Investment Advisors Inc. Has $122,000 Position in Amkor Technology, Inc. (NASDAQ:AMKR)

1620 Investment Advisors Inc. grew its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 24.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,768 shares of the semiconductor company’s stock after acquiring an additional 942 shares during the period. 1620 Investment Advisors Inc.’s holdings in Amkor Technology were worth $122,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new stake in Amkor Technology during the 3rd quarter worth about $930,000. Geode Capital Management LLC grew its stake in shares of Amkor Technology by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock valued at $64,101,000 after buying an additional 131,106 shares during the period. Harvest Fund Management Co. Ltd grew its stake in shares of Amkor Technology by 162.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 194,000 shares of the semiconductor company’s stock valued at $5,936,000 after buying an additional 120,208 shares during the period. Covea Finance grew its stake in shares of Amkor Technology by 47.1% in the 4th quarter. Covea Finance now owns 62,500 shares of the semiconductor company’s stock valued at $1,606,000 after buying an additional 20,000 shares during the period. Finally, Holocene Advisors LP acquired a new stake in shares of Amkor Technology in the 3rd quarter valued at about $1,126,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Stock Performance

Amkor Technology stock opened at $19.42 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.79 billion, a PE ratio of 13.58 and a beta of 1.88. The firm has a fifty day simple moving average of $22.65 and a two-hundred day simple moving average of $26.11. Amkor Technology, Inc. has a twelve month low of $18.87 and a twelve month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. Research analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.0827 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.70%. Amkor Technology’s dividend payout ratio is currently 23.08%.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMKR shares. Morgan Stanley reduced their target price on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. B. Riley reduced their target price on Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Melius cut shares of Amkor Technology from a “buy” rating to a “hold” rating and dropped their price target for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Melius Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

Insider Transactions at Amkor Technology

In other news, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the sale, the insider now directly owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. This represents a 7.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total transaction of $119,056.41. Following the sale, the executive vice president now owns 1,388 shares of the company’s stock, valued at approximately $30,105.72. This represents a 79.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by company insiders.

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.