Three Seasons Wealth LLC Takes Position in Amkor Technology, Inc. $AMKR

Three Seasons Wealth LLC bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,632 shares of the semiconductor company’s stock, valued at approximately $704,000.

Several other large investors have also added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in Amkor Technology by 100.6% in the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 3,454,012 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Amkor Technology by 61.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after buying an additional 854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Amkor Technology by 913.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock worth $136,000 after buying an additional 6,768 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Amkor Technology by 73.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock worth $9,476,000 after buying an additional 222,107 shares during the period. Finally, Caxton Associates LLP acquired a new stake in shares of Amkor Technology during the 1st quarter worth approximately $271,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Insider Activity

In related news, Director Winston J. Churchill sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.45, for a total value of $535,150.00. Following the transaction, the director owned 18,888 shares of the company’s stock, valued at approximately $1,443,987.60. This trade represents a 27.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gil C. Tily sold 15,000 shares of Amkor Technology stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $77.30, for a total value of $1,159,500.00. Following the transaction, the director owned 108,806 shares of the company’s stock, valued at $8,410,703.80. This trade represents a 12.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 114,000 shares of company stock valued at $8,631,450. 26.40% of the stock is currently owned by insiders.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $67.64 on Thursday. Amkor Technology, Inc. has a twelve month low of $20.59 and a twelve month high of $96.68. The stock’s 50 day moving average is $74.63 and its 200-day moving average is $59.62. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $16.77 billion, a price-to-earnings ratio of 38.65 and a beta of 2.20.

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

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is currently 18.86%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. 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. Morgan Stanley raised their price target on shares of Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research note on Monday, April 20th. UBS Group reiterated a “neutral” rating and set a $80.00 price objective on shares of Amkor Technology in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group increased their price objective 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. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $69.88.

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.