Harvest Fund Management Co. Ltd Purchases 80,000 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Harvest Fund Management Co. Ltd grew its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 41.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 274,000 shares of the semiconductor company’s stock after buying an additional 80,000 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Amkor Technology were worth $7,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AMKR. State of New Jersey Common Pension Fund D raised its holdings in shares of Amkor Technology by 5.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 60,181 shares of the semiconductor company’s stock worth $1,842,000 after buying an additional 3,008 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Amkor Technology by 16.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,505 shares of the semiconductor company’s stock worth $260,000 after buying an additional 1,191 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Amkor Technology by 68.0% in the 3rd quarter. Victory Capital Management Inc. now owns 212,809 shares of the semiconductor company’s stock worth $6,512,000 after buying an additional 86,148 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Amkor Technology by 3.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 61,253 shares of the semiconductor company’s stock worth $1,874,000 after buying an additional 2,055 shares in the last quarter. Finally, Whalen Wealth Management Inc. raised its holdings in shares of Amkor Technology by 8.5% in the 3rd quarter. Whalen Wealth Management Inc. now owns 15,808 shares of the semiconductor company’s stock worth $484,000 after buying an additional 1,233 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, EVP Kevin Engel sold 5,489 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the completion of the transaction, the executive vice president now directly owns 1,388 shares of the company’s stock, valued at approximately $30,105.72. The trade was a 79.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total value of $18,999,995.25. Following the completion of the transaction, the insider now directly owns 10,020,870 shares of the company’s stock, valued at approximately $218,956,009.50. The trade was a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.40% of the company’s stock.

Amkor Technology Stock Down 0.2 %

NASDAQ:AMKR opened at $19.55 on Wednesday. Amkor Technology, Inc. has a 12-month low of $18.87 and a 12-month high of $44.86. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $4.82 billion, a P/E ratio of 13.67 and a beta of 1.88. The stock’s fifty day simple moving average is $23.03 and its 200-day simple moving average is $26.30.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. Equities research analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be paid a $0.0827 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a yield of 1.69%. Amkor Technology’s payout ratio is 23.08%.

Wall Street Analysts Forecast Growth

AMKR has been the subject of a number of recent research reports. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and dropped their target price for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Melius Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Morgan Stanley dropped their price target on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price target on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price target on shares of Amkor Technology in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

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.