Tidal Investments LLC Sells 9,126 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Tidal Investments LLC decreased its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 26.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,022 shares of the semiconductor company’s stock after selling 9,126 shares during the period. Tidal Investments LLC’s holdings in Amkor Technology were worth $766,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in shares of Amkor Technology in the 3rd quarter worth approximately $39,000. Ashton Thomas Private Wealth LLC acquired a new position in Amkor Technology during the second quarter worth $40,000. Larson Financial Group LLC lifted its holdings in shares of Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,130 shares during the period. Rothschild Investment LLC bought a new position in shares of Amkor Technology during the second quarter valued at $52,000. Finally, Ulland Investment Advisors LLC acquired a new stake in shares of Amkor Technology in the 3rd quarter valued at $82,000. 42.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMKR shares. The Goldman Sachs Group cut their price target on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. 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, October 29th. DA Davidson dropped their price target on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.29.

Amkor Technology Stock Up 0.6 %

NASDAQ:AMKR opened at $25.27 on Friday. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 17.07 and a beta of 1.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The stock’s fifty day moving average price is $27.30 and its two-hundred day moving average price is $31.83. Amkor Technology, Inc. has a 52-week low of $24.10 and a 52-week high of $44.86.

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

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.0827 per share. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.33 annualized dividend and a dividend yield of 1.31%. Amkor Technology’s payout ratio is currently 22.30%.

Insider Buying and Selling

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the transaction, the chief executive officer now directly owns 204,971 shares in the company, valued at $6,458,636.21. This trade represents a 4.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.40% of the stock is currently owned by 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.