Talos Eurisko Asset Management LP Makes New Investment in Amkor Technology, Inc. $AMKR

Talos Eurisko Asset Management LP bought a new position in Amkor Technology, Inc. (NASDAQ:AMKR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 280,400 shares of the semiconductor company’s stock, valued at approximately $11,070,000. Amkor Technology makes up about 2.0% of Talos Eurisko Asset Management LP’s holdings, making the stock its 20th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after buying an additional 440 shares in the last quarter. Bessemer Group Inc. boosted its stake in Amkor Technology by 72.1% in the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after buying an additional 391 shares in the last quarter. Root Financial Partners LLC boosted its stake in Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after buying an additional 262 shares in the last quarter. IFP Advisors Inc boosted its stake in Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after buying an additional 447 shares in the last quarter. Finally, State of Wyoming purchased a new stake in Amkor Technology in the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Performance

NASDAQ:AMKR opened at $85.44 on Tuesday. The firm has a market cap of $21.18 billion, a PE ratio of 48.82 and a beta of 2.25. Amkor Technology, Inc. has a fifty-two week low of $19.79 and a fifty-two week high of $88.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The business has a 50 day moving average price of $68.74 and a 200-day moving average price of $53.92.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Equities research analysts predict that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio is currently 18.86%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research note on Monday, April 20th. 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 note on Monday, April 6th. Needham & Company LLC upped their target price on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, B. Riley Financial increased their price objective on Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Amkor Technology presently has a consensus rating of “Hold” and a consensus price target of $67.38.

Insider Activity at Amkor Technology

In related news, EVP Mark N. Rogers sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $71.63, for a total transaction of $358,150.00. Following the completion of the transaction, the executive vice president owned 38,904 shares in the company, valued at $2,786,693.52. This represents a 11.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Winston J. Churchill sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $76.45, for a total value of $535,150.00. Following the transaction, the director owned 18,888 shares of the company’s stock, valued at approximately $1,443,987.60. This represents a 27.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 109,000 shares of company stock valued at $8,106,550 over the last 90 days. Company insiders own 26.40% of the company’s stock.

Amkor Technology Company 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.