Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 13.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,332 shares of the semiconductor company’s stock after selling 38,696 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Amkor Technology worth $5,087,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of AMKR. CWM LLC grew its holdings in shares of Amkor Technology by 183.5% during the first quarter. CWM LLC now owns 28,026 shares of the semiconductor company’s stock worth $506,000 after buying an additional 18,139 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Amkor Technology by 129.9% in the 1st quarter. Victory Capital Management Inc. now owns 122,106 shares of the semiconductor company’s stock valued at $2,205,000 after acquiring an additional 69,004 shares during the last quarter. Oak Thistle LLC lifted its stake in Amkor Technology by 153.8% in the 1st quarter. Oak Thistle LLC now owns 32,231 shares of the semiconductor company’s stock worth $582,000 after purchasing an additional 19,530 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Amkor Technology by 32.4% during the 1st quarter. Royce & Associates LP now owns 564,709 shares of the semiconductor company’s stock worth $10,199,000 after purchasing an additional 138,161 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Amkor Technology by 9.8% in the first quarter. Assetmark Inc. now owns 13,570 shares of the semiconductor company’s stock valued at $245,000 after purchasing an additional 1,208 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.
Amkor Technology Stock Up 6.2%
NASDAQ:AMKR opened at $32.05 on Friday. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $38.22. The stock’s fifty day moving average is $31.15 and its two-hundred day moving average is $24.88. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 25.64 and a beta of 2.02. The company has a quick ratio of 1.70, a current ratio of 1.77 and a debt-to-equity ratio of 0.29.
Amkor Technology Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be given a $0.0835 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.33 annualized dividend and a yield of 1.0%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is 26.40%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on AMKR shares. Wall Street Zen raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a report on Friday, September 5th. UBS Group increased their price target on shares of Amkor Technology from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Zacks Research upgraded Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Morgan Stanley reissued an “equal weight” rating on shares of Amkor Technology in a research note on Tuesday, July 29th. Finally, Needham & Company LLC lifted their target price on Amkor Technology from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Amkor Technology has a consensus rating of “Moderate Buy” and an average price target of $29.63.
Get Our Latest Analysis on Amkor Technology
Insider Transactions at Amkor Technology
In other news, EVP Mark N. Rogers sold 20,000 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $31.69, for a total value of $633,800.00. Following the sale, the executive vice president directly owned 23,862 shares in the company, valued at approximately $756,186.78. This trade represents a 45.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Farshad Haghighi sold 11,792 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $25.00, for a total value of $294,800.00. Following the transaction, the executive vice president directly owned 8,354 shares of the company’s stock, valued at $208,850. The trade was a 58.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 61,792 shares of company stock valued at $1,852,800. 26.90% of the stock is currently owned by company insiders.
Amkor Technology Profile
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.
Recommended Stories
- Five stocks we like better than Amkor Technology
- 3 Monster Growth Stocks to Buy Now
- Rocket Lab Just Had Its First Real Crash—The Rebound Could Be Bigger
- Trading Stocks: RSI and Why it’s Useful
- MarketBeat Week in Review – 11/17 – 11/21
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- A Magnificent AI Bet? Stanley Druckenmiller’s Latest Tech Moves
Want to see what other hedge funds are holding AMKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amkor Technology, Inc. (NASDAQ:AMKR – Free Report).
Receive News & Ratings for Amkor Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amkor Technology and related companies with MarketBeat.com's FREE daily email newsletter.
