Amkor Technology, Inc. $AMKR Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 308.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 219,648 shares of the semiconductor company’s stock after purchasing an additional 165,829 shares during the period. Corient Private Wealth LLC’s holdings in Amkor Technology were worth $8,818,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its position in Amkor Technology by 91.2% during 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 period. Smartleaf Asset Management LLC grew its holdings in Amkor Technology by 180.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 440 shares during the period. Root Financial Partners LLC increased its stake in shares of Amkor Technology by 38.8% during the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 262 shares during the last quarter. Advisors Asset Management Inc. increased its stake 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 valued at $40,000 after acquiring an additional 854 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its holdings in shares of Amkor Technology by 83.5% during the 3rd quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 670 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Mark N. Rogers sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $86.21, for a total value of $431,050.00. Following the transaction, the executive vice president owned 38,904 shares of the company’s stock, valued at approximately $3,353,913.84. This trade represents a 11.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Megan Faust sold 1,000 shares of Amkor Technology stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $70.30, for a total transaction of $70,300.00. Following the transaction, the chief financial officer owned 132,138 shares in the company, valued at $9,289,301.40. The trade was a 0.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 119,000 shares of company stock valued at $8,928,600. 26.40% of the stock is owned by corporate insiders.

Amkor Technology Stock Down 4.7%

Shares of NASDAQ:AMKR opened at $82.62 on Thursday. 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, Inc. has a 1 year low of $20.59 and a 1 year high of $96.68. The stock has a market capitalization of $20.48 billion, a P/E ratio of 47.21 and a beta of 2.25. The stock has a 50-day simple moving average of $73.73 and a 200-day simple moving average of $56.35.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the company earned $0.09 EPS. The company’s revenue was up 27.5% on a year-over-year basis. Equities analysts forecast that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd were given a $0.0835 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.33 annualized dividend and a dividend yield of 0.4%. Amkor Technology’s dividend payout ratio is presently 18.86%.

Analyst Ratings Changes

AMKR has been the topic of several research analyst reports. 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. Wall Street Zen downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Needham & Company LLC lifted their price target on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Morgan Stanley boosted their price objective on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a research note on Monday, April 20th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $67.38.

Amkor Technology Company 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.