Hanseatic Management Services Inc. Invests $920,000 in Amkor Technology, Inc. $AMKR

Hanseatic Management Services Inc. bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the 1st quarter, HoldingsChannel.com reports. The firm bought 20,432 shares of the semiconductor company’s stock, valued at approximately $920,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMKR. Royal Bank of Canada raised its stake in Amkor Technology by 100.6% during the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after buying an additional 3,454,012 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Amkor Technology by 204.5% during the fourth quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after acquiring an additional 1,407,109 shares in the last quarter. Norges Bank bought a new stake in shares of Amkor Technology during the fourth quarter valued at approximately $53,702,000. Arrowstreet Capital Limited Partnership raised its position in shares of Amkor Technology by 305.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock worth $44,719,000 after purchasing an additional 1,186,313 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Amkor Technology by 38.3% during the second quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock worth $74,541,000 after purchasing an additional 985,727 shares during the period. 42.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a report on Monday, April 20th. B. Riley Financial raised their price objective on shares of Amkor Technology from $70.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, April 6th. Finally, 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. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Amkor Technology currently has a consensus rating of “Hold” and an average target price of $69.88.

Amkor Technology Stock Down 0.1%

Shares of NASDAQ:AMKR opened at $62.94 on Friday. The stock has a market cap of $15.60 billion, a price-to-earnings ratio of 35.97 and a beta of 2.20. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Amkor Technology, Inc. has a 12-month low of $20.86 and a 12-month high of $96.68. The business’s 50 day moving average is $74.17 and its 200 day moving average is $59.80.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results 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 business 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 posted $0.09 earnings per share. Amkor Technology’s revenue was up 27.5% compared to the same quarter last year. On average, sell-side analysts forecast that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

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

Insider Activity at Amkor Technology

In related news, Director Roger Anthony Carolin sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.24, for a total transaction of $1,524,800.00. Following the transaction, the director directly owned 94,409 shares in the company, valued at approximately $7,197,742.16. The trade was a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Winston J. Churchill sold 7,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.45, for a total transaction of $535,150.00. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. Insiders sold 114,000 shares of company stock valued at $8,631,450 over the last three months. Insiders own 26.40% of the company’s stock.

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.