Virtu Financial LLC Has $1.73 Million Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Virtu Financial LLC raised its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 175.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,139 shares of the semiconductor company’s stock after acquiring an additional 27,503 shares during the period. Virtu Financial LLC’s holdings in Amkor Technology were worth $1,726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMKR. SG Americas Securities LLC boosted its stake in Amkor Technology by 1.3% during the 2nd quarter. SG Americas Securities LLC now owns 23,694 shares of the semiconductor company’s stock valued at $948,000 after purchasing an additional 296 shares during the period. CWM LLC boosted its position in shares of Amkor Technology by 15.1% in the second quarter. CWM LLC now owns 2,359 shares of the semiconductor company’s stock valued at $94,000 after acquiring an additional 309 shares during the period. Retirement Systems of Alabama grew its stake in shares of Amkor Technology by 0.3% in the first quarter. Retirement Systems of Alabama now owns 129,621 shares of the semiconductor company’s stock worth $4,179,000 after acquiring an additional 344 shares during the last quarter. QRG Capital Management Inc. increased its position in Amkor Technology by 3.5% during the first quarter. QRG Capital Management Inc. now owns 11,837 shares of the semiconductor company’s stock worth $382,000 after acquiring an additional 405 shares during the period. Finally, Assetmark Inc. raised its stake in Amkor Technology by 3.5% during the 4th quarter. Assetmark Inc. now owns 12,874 shares of the semiconductor company’s stock valued at $428,000 after purchasing an additional 438 shares during the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Trading Up 1.2 %

AMKR stock opened at $30.69 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The firm has a market cap of $7.54 billion, a P/E ratio of 20.08 and a beta of 1.85. Amkor Technology, Inc. has a 1-year low of $17.58 and a 1-year high of $44.86. The business’s 50 day moving average is $34.04 and its 200-day moving average is $33.73.

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

Amkor Technology Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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

Amkor Technology Company 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.