CloudAlpha Capital Management Limited Hong Kong Invests $2.16 Million in Amkor Technology, Inc. (NASDAQ:AMKR)

CloudAlpha Capital Management Limited Hong Kong bought a new position in Amkor Technology, Inc. (NASDAQ:AMKR) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 54,000 shares of the semiconductor company’s stock, valued at approximately $2,161,000. Amkor Technology accounts for about 0.2% of CloudAlpha Capital Management Limited Hong Kong’s investment portfolio, making the stock its 17th biggest holding.

Several other hedge funds have also bought and sold shares of the stock. Pineridge Advisors LLC purchased a new position in Amkor Technology during the 4th quarter valued at approximately $28,000. 1620 Investment Advisors Inc. purchased a new stake in Amkor Technology in the second quarter worth $31,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Amkor Technology during the second quarter worth $40,000. Headlands Technologies LLC bought a new position in shares of Amkor Technology in the first quarter worth about $43,000. Finally, Larson Financial Group LLC increased its stake in Amkor Technology by 911.3% in the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock worth $50,000 after buying an additional 1,130 shares during the period. Institutional investors own 42.76% of the company’s stock.

Insider Activity

In related news, Director Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the transaction, the director now owns 19,871 shares in the company, valued at approximately $655,146.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Winston J. Churchill sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 19,871 shares in the company, valued at $655,146.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’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 completion of the sale, the chief executive officer now owns 128,333 shares in the company, valued at $5,510,619.02. The disclosure for this sale can be found here. Company insiders own 31.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. B. Riley lifted 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. JPMorgan Chase & Co. started coverage on Amkor Technology in a research note on Monday, July 1st. They set an “overweight” rating and a $48.00 price objective for the company. Morgan Stanley upped their target price on Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 2nd. Finally, Needham & Company LLC upped their price objective on Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $41.14.

Amkor Technology Trading Up 1.2 %

Shares of 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 company’s 50-day moving average price is $34.04 and its 200-day moving average price is $33.73. Amkor Technology, Inc. has a twelve month low of $17.58 and a twelve month high of $44.86. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 20.19 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.45 billion. During the same period last year, the company earned $0.26 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts predict that Amkor Technology, Inc. will post 1.53 earnings per share for the current year.

Amkor Technology Announces Dividend

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

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.