Foster & Motley Inc. acquired a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,550 shares of the semiconductor company’s stock, valued at approximately $1,944,000.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Amkor Technology during the second quarter worth approximately $1,060,005,000. AQR Capital Management LLC boosted its holdings in shares of Amkor Technology by 18.4% in the third quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock valued at $119,607,000 after purchasing an additional 653,489 shares during the period. State Street Corp boosted its holdings in shares of Amkor Technology by 1.4% in the fourth quarter. State Street Corp now owns 3,473,925 shares of the semiconductor company’s stock valued at $137,151,000 after purchasing an additional 47,514 shares during the period. First Trust Advisors LP grew its stake in Amkor Technology by 37.4% in the fourth quarter. First Trust Advisors LP now owns 2,722,310 shares of the semiconductor company’s stock worth $107,477,000 after purchasing an additional 740,701 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Amkor Technology by 19.3% in the first quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company’s stock worth $118,107,000 after purchasing an additional 423,629 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.
Amkor Technology Price Performance
AMKR opened at $54.84 on Wednesday. The firm has a market capitalization of $13.62 billion, a PE ratio of 24.59 and a beta of 2.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91. The business’s 50-day moving average is $67.94 and its two-hundred day moving average is $61.12. Amkor Technology, Inc. has a 1 year low of $22.74 and a 1 year high of $96.68.
Amkor Technology Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be paid a $0.0835 dividend. This represents a $0.33 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, September 2nd. Amkor Technology’s dividend payout ratio (DPR) is 14.80%.
Insider Buying and Selling
In other Amkor Technology news, CEO Kevin K. Engel sold 3,221 shares of Amkor Technology stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.00, for a total value of $151,387.00. Following the transaction, the chief executive officer directly owned 9,666 shares of the company’s stock, valued at approximately $454,302. The trade was a 24.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark N. Rogers sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $86.21, for a total value of $431,050.00. Following the transaction, the executive vice president directly owned 38,904 shares in the company, valued at approximately $3,353,913.84. The trade was a 11.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 45,221 shares of company stock valued at $2,760,987 over the last quarter. Insiders own 26.40% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on AMKR shares. The Goldman Sachs Group lifted their target price on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Amkor Technology in a research report on Tuesday, July 28th. Morgan Stanley raised their price target on Amkor Technology from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Finally, UBS Group upgraded shares of Amkor Technology from a “neutral” rating to a “buy” rating and increased their target price for the stock from $80.00 to $90.00 in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Amkor Technology presently has an average rating of “Moderate Buy” and an average price target of $68.12.
Check Out Our Latest Report on Amkor Technology
Amkor Technology Profile
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.
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