Silver Coast Investments LLC Has $233,000 Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Silver Coast Investments LLC cut its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 10.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,608 shares of the semiconductor company’s stock after selling 880 shares during the period. Silver Coast Investments LLC’s holdings in Amkor Technology were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AMKR. Driehaus Capital Management LLC acquired a new position in Amkor Technology in the second quarter valued at approximately $58,379,000. Millennium Management LLC boosted its holdings in Amkor Technology by 359.7% during the second quarter. Millennium Management LLC now owns 1,360,292 shares of the semiconductor company’s stock worth $54,439,000 after buying an additional 1,064,404 shares during the last quarter. American Century Companies Inc. grew its position in shares of Amkor Technology by 54.4% during the 2nd quarter. American Century Companies Inc. now owns 1,673,314 shares of the semiconductor company’s stock worth $66,966,000 after buying an additional 589,530 shares during the period. M&G Plc bought a new stake in shares of Amkor Technology in the 1st quarter valued at about $11,435,000. Finally, Squarepoint Ops LLC boosted its stake in Amkor Technology by 139.6% during the 2nd quarter. Squarepoint Ops LLC now owns 604,974 shares of the semiconductor company’s stock worth $24,211,000 after acquiring an additional 352,471 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Performance

Shares of AMKR traded up $0.99 during midday trading on Friday, reaching $26.44. 236,227 shares of the stock were exchanged, compared to its average volume of 1,331,068. Amkor Technology, Inc. has a twelve month low of $21.92 and a twelve month high of $44.86. The company has a market cap of $6.52 billion, a P/E ratio of 17.20 and a beta of 1.84. The stock’s 50 day simple moving average is $30.49 and its 200 day simple moving average is $33.22. The company has a quick ratio of 1.83, a current ratio of 2.06 and a debt-to-equity ratio of 0.21.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. Amkor Technology’s revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts expect that Amkor Technology, Inc. will post 1.42 earnings per share for the current year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were given a $0.079 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, September 3rd. Amkor Technology’s payout ratio is presently 20.95%.

Analyst Ratings Changes

AMKR has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday. DA Davidson reduced their price target on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday. The Goldman Sachs Group dropped their price objective on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday. StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Amkor Technology currently has a consensus rating of “Moderate Buy” and an average price target of $35.63.

Insider Buying and Selling

In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total transaction of $659,400.00. Following the completion of the transaction, the director now owns 19,871 shares of the company’s stock, valued at approximately $655,146.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the sale, the director now owns 19,871 shares of the company’s stock, valued at $655,146.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the transaction, the chief executive officer now owns 204,971 shares in the company, valued at $6,458,636.21. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by company insiders.

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.