37,390 Shares in Amkor Technology, Inc. $AMKR Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. bought a new position in Amkor Technology, Inc. (NASDAQ:AMKR) in the 4th quarter, Holdings Channel.com reports. The fund bought 37,390 shares of the semiconductor company’s stock, valued at approximately $1,476,000.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in Amkor Technology by 72.1% in the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after buying an additional 391 shares during the period. Root Financial Partners LLC boosted its holdings in Amkor Technology by 38.8% in the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after buying an additional 262 shares during the period. IFP Advisors Inc boosted its holdings in Amkor Technology by 91.2% in the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after buying an additional 447 shares during the period. State of Wyoming bought a new position in Amkor Technology in the 4th quarter worth $41,000. Finally, FNY Investment Advisers LLC boosted its holdings in Amkor Technology by 83.5% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock worth $41,000 after buying an additional 670 shares during the period. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $64.95 on Monday. The firm’s 50-day moving average price is $65.06 and its 200-day moving average price is $52.07. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $16.10 billion, a price-to-earnings ratio of 37.11 and a beta of 2.25. Amkor Technology, Inc. has a 12-month low of $19.07 and a 12-month high of $79.50.

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

Amkor Technology Dividend Announcement

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

Insider Buying and Selling

In related news, Director Douglas A. Alexander sold 5,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the sale, the director directly owned 29,109 shares of the company’s stock, valued at $2,229,167.22. This represents a 14.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 38,904 shares in the company, valued at $2,786,693.52. This trade represents a 11.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 113,000 shares of company stock worth $8,258,950 over the last three months. 26.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AMKR has been the subject of several research reports. Needham & Company LLC increased their price objective on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Zacks Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Melius Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, April 6th. B. Riley Financial increased their price objective on shares of Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, The Goldman Sachs Group increased their price objective on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Amkor Technology presently has an average rating of “Hold” and a consensus target price of $67.38.

About Amkor Technology

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.