Riverwater Partners LLC Has $1.13 Million Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Riverwater Partners LLC raised its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 44,088 shares of the semiconductor company’s stock after acquiring an additional 1,142 shares during the period. Riverwater Partners LLC’s holdings in Amkor Technology were worth $1,133,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Amkor Technology in the 4th quarter worth $27,000. Jones Financial Companies Lllp lifted its stake in shares of Amkor Technology by 353.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 1,160 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Amkor Technology by 36.9% during the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 922 shares during the last quarter. Quarry LP increased its position in shares of Amkor Technology by 421.8% during the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock worth $96,000 after acquiring an additional 2,535 shares in the last quarter. Finally, 1620 Investment Advisors Inc. raised its holdings in shares of Amkor Technology by 24.6% in the 4th quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company’s stock worth $122,000 after acquiring an additional 942 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Insider Activity at Amkor Technology

In related news, EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 in the company, valued at approximately $30,105.72. The trade was a 79.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $21.85, for a total value of $18,999,995.25. Following the sale, the insider now owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. This represents a 7.98 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on AMKR. Melius lowered Amkor Technology from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $34.00 to $30.00 in a report on Monday, January 6th. B. Riley lowered their price target on Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Melius Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, Morgan Stanley cut their price target on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Amkor Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Amkor Technology Stock Performance

NASDAQ AMKR opened at $14.88 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. The company has a market capitalization of $3.68 billion, a PE ratio of 10.41 and a beta of 1.88. Amkor Technology, Inc. has a 52-week low of $14.07 and a 52-week high of $44.86. The company has a 50-day simple moving average of $21.11 and a 200 day simple moving average of $25.31.

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

Amkor Technology Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were issued a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, March 13th. Amkor Technology’s dividend payout ratio (DPR) is currently 23.08%.

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.