De Lisle Partners LLP purchased a new position in Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,000 shares of the semiconductor company’s stock, valued at approximately $1,294,000.
Several other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in Amkor Technology by 91.2% in the third 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 last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after buying an additional 440 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of Amkor Technology by 38.8% during the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 262 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 158 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Amkor Technology by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 854 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.
Amkor Technology Stock Performance
Shares of AMKR stock opened at $50.26 on Friday. The company has a 50 day moving average price of $66.41 and a 200-day moving average price of $61.06. Amkor Technology, Inc. has a 52 week low of $23.22 and a 52 week high of $96.68. The firm has a market capitalization of $12.49 billion, a PE ratio of 22.54 and a beta of 2.24. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50.
Amkor Technology Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd will be issued a $0.0835 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.7%. Amkor Technology’s dividend payout ratio (DPR) is presently 14.80%.
Insider Buying and Selling at Amkor Technology
In other news, Director Winston J. Churchill sold 5,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $78.20, for a total transaction of $391,000.00. Following the completion of the sale, the director owned 28,781 shares of the company’s stock, valued at $2,250,674.20. The trade was a 14.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $59.78, for a total value of $298,900.00. Following the sale, the executive vice president directly owned 38,904 shares of the company’s stock, valued at $2,325,681.12. This represents a 11.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 50,221 shares of company stock worth $3,059,887. Insiders own 26.40% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on AMKR shares. Morgan Stanley boosted their price objective on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Zacks Research upgraded Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. UBS Group raised Amkor Technology from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $90.00 in a report on Friday, July 24th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Amkor Technology in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.12.
Read Our Latest Analysis on AMKR
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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