Jefferies Financial Group Inc. Buys Shares of 21,313 Amkor Technology, Inc. $AMKR

Jefferies Financial Group Inc. bought a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 21,313 shares of the semiconductor company’s stock, valued at approximately $841,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Amkor Technology by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company’s stock valued at $448,148,000 after purchasing an additional 687,900 shares in the last quarter. AQR Capital Management LLC raised its position in Amkor Technology by 18.4% during the 3rd quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock valued at $119,607,000 after purchasing an additional 653,489 shares in the last quarter. American Century Companies Inc. raised its position in Amkor Technology by 0.5% during the 3rd quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company’s stock valued at $108,942,000 after purchasing an additional 17,656 shares in the last quarter. First Trust Advisors LP raised its position in Amkor Technology by 17.6% during the 3rd quarter. First Trust Advisors LP now owns 1,981,609 shares of the semiconductor company’s stock valued at $56,277,000 after purchasing an additional 296,057 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Amkor Technology by 305.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock valued at $44,719,000 after purchasing an additional 1,186,313 shares in the last quarter. 42.76% of the stock is owned by institutional investors.

Insider Transactions at Amkor Technology

In other news, Director Roger Anthony Carolin sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $76.24, for a total value of $1,524,800.00. Following the completion of the transaction, the director directly owned 94,409 shares of the company’s stock, valued at approximately $7,197,742.16. The trade was a 17.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $74.28, for a total value of $3,714,000.00. Following the completion of the transaction, the director directly owned 502,558 shares of the company’s stock, valued at approximately $37,330,008.24. The trade was a 9.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 113,000 shares of company stock worth $8,258,950. Company insiders own 26.40% of the company’s stock.

Amkor Technology Trading Down 1.4%

AMKR opened at $69.56 on Friday. The firm has a market cap of $17.24 billion, a price-to-earnings ratio of 39.75 and a beta of 2.29. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. Amkor Technology, Inc. has a 12 month low of $17.79 and a 12 month high of $79.23. The stock has a fifty day moving average price of $62.63 and a 200-day moving average price of $50.57.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.23 by $0.10. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. As a group, equities research analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd will be given a $0.0835 dividend. This represents a $0.33 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Amkor Technology’s payout ratio is presently 18.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AMKR shares. Needham & Company LLC lifted their target price on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Morgan Stanley lifted their target price on Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Monday, April 6th. Wall Street Zen lowered Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Finally, UBS Group reaffirmed a “neutral” rating and set a $80.00 target price on shares of Amkor Technology in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $67.38.

Amkor Technology Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.