Kingsview Wealth Management LLC Takes $4.08 Million Position in Amkor Technology, Inc. $AMKR

Kingsview Wealth Management LLC acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 103,407 shares of the semiconductor company’s stock, valued at approximately $4,083,000.

Several other hedge funds also recently modified their holdings of the business. Signaturefd LLC boosted its position in shares of Amkor Technology by 11.3% in the fourth quarter. Signaturefd LLC now owns 2,644 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 269 shares during the period. Bessemer Group Inc. boosted its position in shares of Amkor Technology by 72.1% in the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 391 shares during the period. IFP Advisors Inc boosted its position in shares of Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 447 shares during the period. Vest Financial LLC boosted its position in shares of Amkor Technology by 6.8% in the fourth quarter. Vest Financial LLC now owns 7,777 shares of the semiconductor company’s stock valued at $307,000 after acquiring an additional 493 shares during the period. Finally, Ulland Investment Advisors LLC boosted its position in shares of Amkor Technology by 2.8% in the third quarter. Ulland Investment Advisors LLC now owns 18,260 shares of the semiconductor company’s stock valued at $519,000 after acquiring an additional 500 shares during the period. 42.76% of the stock is owned by institutional investors.

Amkor Technology Stock Performance

Amkor Technology stock opened at $69.56 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. The stock has a fifty day moving average price of $62.63 and a two-hundred day moving average price of $50.57. Amkor Technology, Inc. has a 52-week low of $17.79 and a 52-week high of $79.23. The firm has a market capitalization of $17.24 billion, a P/E ratio of 39.75 and a beta of 2.29.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.10. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. As a group, analysts anticipate that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio is currently 18.86%.

Insider Activity

In other Amkor Technology news, Director Roger Anthony Carolin sold 20,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $76.24, for a total transaction of $1,524,800.00. Following the completion of the transaction, the director directly owned 94,409 shares in the company, valued at $7,197,742.16. This represents a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Douglas A. Alexander sold 5,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $76.58, for a total value of $382,900.00. Following the transaction, the director owned 29,109 shares of the company’s stock, valued at $2,229,167.22. This represents a 14.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 113,000 shares of company stock valued at $8,258,950. 26.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AMKR shares. Wall Street Zen cut Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Zacks Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. The Goldman Sachs Group raised their target price on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Morgan Stanley raised their target price on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Finally, B. Riley Financial raised their target price on Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.