Tidal Investments LLC Sells 9,126 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Tidal Investments LLC lessened its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 26.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,022 shares of the semiconductor company’s stock after selling 9,126 shares during the period. Tidal Investments LLC’s holdings in Amkor Technology were worth $766,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of AMKR. Ashton Thomas Private Wealth LLC acquired a new position in shares of Amkor Technology in the 2nd quarter valued at $40,000. Larson Financial Group LLC lifted its holdings in Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 1,130 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Amkor Technology in the third quarter valued at about $39,000. Rothschild Investment LLC bought a new stake in shares of Amkor Technology in the second quarter worth about $52,000. Finally, Ulland Investment Advisors LLC acquired a new stake in shares of Amkor Technology during the third quarter worth about $82,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amkor Technology

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total value of $315,100.00. Following the completion of the transaction, the chief executive officer now owns 204,971 shares of the company’s stock, valued at $6,458,636.21. This trade represents a 4.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 31.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley decreased their price objective on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Needham & Company LLC dropped their price objective on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group cut their price objective on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lowered their target price on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.29.

Amkor Technology Stock Performance

Shares of AMKR opened at $25.27 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. Amkor Technology, Inc. has a 12 month low of $24.10 and a 12 month high of $44.86. The firm has a fifty day simple moving average of $27.30 and a 200 day simple moving average of $31.83. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 17.07 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. Research analysts forecast that Amkor Technology, Inc. will post 1.42 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.0827 per share. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, December 4th. This represents a $0.33 annualized dividend and a dividend yield of 1.31%. Amkor Technology’s payout ratio is 22.30%.

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.