Mitsubishi UFJ Trust & Banking Corp Invests $318,000 in Amkor Technology, Inc. $AMKR

Mitsubishi UFJ Trust & Banking Corp acquired a new position in Amkor Technology, Inc. (NASDAQ:AMKR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 8,067 shares of the semiconductor company’s stock, valued at approximately $318,000.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Amkor Technology by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company’s stock worth $448,148,000 after purchasing an additional 687,900 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Amkor Technology by 18.4% in the 3rd quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock worth $119,607,000 after purchasing an additional 653,489 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Amkor Technology by 0.5% in the 3rd quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company’s stock worth $108,942,000 after purchasing an additional 17,656 shares during the last quarter. First Trust Advisors LP increased its position in shares of Amkor Technology by 17.6% in the third quarter. First Trust Advisors LP now owns 1,981,609 shares of the semiconductor company’s stock worth $56,277,000 after acquiring an additional 296,057 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Amkor Technology by 305.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock worth $44,719,000 after acquiring an additional 1,186,313 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Stock Performance

Shares of AMKR opened at $77.22 on Thursday. The company’s 50 day moving average price is $54.11 and its 200 day moving average price is $46.23. Amkor Technology, Inc. has a 52 week low of $17.18 and a 52 week high of $79.23. The company has a market capitalization of $19.14 billion, a PE ratio of 44.13 and a beta of 2.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s revenue was up 27.5% on a year-over-year basis. Research analysts expect 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 was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were given a dividend of $0.0835 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.33 dividend on an annualized basis and a yield of 0.4%. Amkor Technology’s payout ratio is presently 18.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Melius Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, April 6th. Morgan Stanley lifted their target price on shares of Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Wall Street Zen downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Finally, Zacks Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Amkor Technology has a consensus rating of “Hold” and an average price target of $62.75.

Insider Activity at Amkor Technology

In related news, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $59.43, for a total transaction of $297,150.00. Following the transaction, the executive vice president directly owned 38,904 shares of the company’s stock, valued at approximately $2,312,064.72. The trade was a 11.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Guillaume Marie Jean Rutten sold 20,000 shares of Amkor Technology stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $48.80, for a total transaction of $976,000.00. Following the completion of the sale, the director owned 543,866 shares of the company’s stock, valued at $26,540,660.80. This trade represents a 3.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 42,500 shares of company stock valued at $2,105,225. Corporate insiders own 26.40% of the company’s stock.

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.