CloudAlpha Capital Management Limited Hong Kong Acquires Shares of 54,000 Amkor Technology, Inc. (NASDAQ:AMKR)

CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 54,000 shares of the semiconductor company’s stock, valued at approximately $2,161,000. Amkor Technology makes up approximately 0.2% of CloudAlpha Capital Management Limited Hong Kong’s holdings, making the stock its 17th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the stock. Pineridge Advisors LLC acquired a new stake in Amkor Technology in the fourth quarter worth $28,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Amkor Technology in the 2nd quarter worth about $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Amkor Technology in the second quarter valued at approximately $40,000. Headlands Technologies LLC acquired a new position in shares of Amkor Technology during the first quarter valued at $43,000. Finally, Larson Financial Group LLC boosted its stake in Amkor Technology by 911.3% during the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 1,130 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amkor Technology

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 transaction of $659,400.00. Following the transaction, the director now directly owns 19,871 shares in the company, valued at $655,146.87. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the transaction, the director now directly owns 19,871 shares of the company’s stock, valued at $655,146.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $42.94, for a total value of $1,073,500.00. Following the sale, the chief executive officer now directly owns 128,333 shares of the company’s stock, valued at $5,510,619.02. The disclosure for this sale can be found here. Company insiders own 31.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMKR. JPMorgan Chase & Co. initiated coverage on Amkor Technology in a research note on Monday, July 1st. They issued an “overweight” rating and a $48.00 price objective on the stock. Needham & Company LLC boosted their price target on shares of Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. B. Riley lifted their price objective on shares of Amkor Technology from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Finally, Morgan Stanley raised their target price on shares of Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amkor Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.14.

Amkor Technology Price Performance

Amkor Technology stock opened at $30.69 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 2.08. The firm has a market cap of $7.54 billion, a P/E ratio of 20.19 and a beta of 1.85. Amkor Technology, Inc. has a 52 week low of $17.58 and a 52 week high of $44.86. The business’s fifty day moving average is $34.04 and its two-hundred day moving average is $33.73.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. Equities research analysts forecast that Amkor Technology, Inc. will post 1.53 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, September 3rd. Amkor Technology’s dividend payout ratio (DPR) is presently 20.39%.

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.