Capstone Capital Management Ltd Invests $1.61 Million in Amkor Technology, Inc. $AMKR

Capstone Capital Management Ltd purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) during the first quarter, Holdings Channel reports. The institutional investor purchased 35,808 shares of the semiconductor company’s stock, valued at approximately $1,612,000. Amkor Technology makes up approximately 1.6% of Capstone Capital Management Ltd’s investment portfolio, making the stock its 18th biggest position.

Several other large investors have also recently bought and sold shares of AMKR. Fisher Asset Management LLC grew its position in 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 purchasing an additional 1,407,109 shares in the last quarter. UBS Group AG lifted its position in Amkor Technology by 205.5% in the 4th quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company’s stock worth $49,534,000 after buying an additional 843,983 shares in the last quarter. Black Swift Group LLC purchased a new stake in Amkor Technology in the 4th quarter worth approximately $797,000. GF Fund Management CO. LTD. acquired a new stake in shares of Amkor Technology during the 4th quarter valued at $4,868,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Amkor Technology during the 4th quarter valued at $841,000. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Stock Up 2.4%

Shares of Amkor Technology stock opened at $66.91 on Thursday. Amkor Technology, Inc. has a 12-month low of $20.59 and a 12-month high of $96.68. 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 stock has a 50 day moving average price of $75.02 and a two-hundred day moving average price of $58.61. The stock has a market capitalization of $16.58 billion, a P/E ratio of 38.23 and a beta of 2.20.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results 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 company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. Equities analysts expect that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

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

Insider Activity at Amkor Technology

In other news, Director Winston J. Churchill sold 7,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $76.45, for a total value of $535,150.00. Following the completion of the sale, the director directly owned 18,888 shares of the company’s stock, valued at approximately $1,443,987.60. This represents a 27.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $74.28, for a total transaction of $3,714,000.00. Following the completion of the sale, the director owned 502,558 shares in the company, valued at approximately $37,330,008.24. The trade was a 9.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 119,000 shares of company stock valued at $8,928,600. 26.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AMKR shares. The Goldman Sachs Group upped their price target on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Wall Street Zen downgraded Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Morgan Stanley upped their target price on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Needham & Company LLC lifted their price target on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, B. Riley Financial boosted their price target on Amkor Technology from $70.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. 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.com, Amkor Technology has a consensus rating of “Hold” and an average price target 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.