Oliver Luxxe Assets LLC acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 57,100 shares of the semiconductor company’s stock, valued at approximately $2,254,000.
Several other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new stake in shares of Amkor Technology in the 3rd quarter valued at about $25,000. Bessemer Group Inc. grew its holdings in Amkor Technology by 72.1% during the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 391 shares during the period. IFP Advisors Inc increased 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 last quarter. Advisors Asset Management Inc. raised its stake in Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 854 shares during the period. Finally, FNY Investment Advisers LLC raised its stake in Amkor Technology by 83.5% in the third quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 670 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.
Amkor Technology Trading Down 4.8%
Shares of NASDAQ:AMKR opened at $45.83 on Friday. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $57.09. The business has a 50 day moving average of $47.95 and a 200-day moving average of $39.35. The company has a quick ratio of 2.01, a current ratio of 2.27 and a debt-to-equity ratio of 0.28. The stock has a market cap of $11.33 billion, a PE ratio of 30.35 and a beta of 1.94.
Amkor Technology Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th will be given a dividend of $0.0835 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.33 annualized dividend and a yield of 0.7%. Amkor Technology’s dividend payout ratio (DPR) is presently 21.85%.
Analysts Set New Price Targets
Several research analysts have recently commented on AMKR shares. UBS Group set a $43.00 target price on Amkor Technology in a research note on Tuesday, February 10th. Needham & Company LLC increased their price target on Amkor Technology from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. William Blair raised Amkor Technology to a “neutral” rating in a report on Monday, January 12th. Wall Street Zen cut shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Morgan Stanley upped their price objective on shares of Amkor Technology from $28.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, February 10th. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.86.
View Our Latest Stock Report on AMKR
Insiders Place Their Bets
In related news, EVP Mark N. Rogers sold 5,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $44.54, for a total value of $222,700.00. Following the transaction, the executive vice president directly owned 38,904 shares in the company, valued at approximately $1,732,784.16. This represents a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kevin K. Engel sold 12,500 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $48.75, for a total transaction of $609,375.00. Following the completion of the transaction, the chief executive officer owned 2,953 shares in the company, valued at $143,958.75. This trade represents a 80.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,500 shares of company stock worth $2,585,875 in the last 90 days. Company insiders own 26.90% of the company’s stock.
About Amkor Technology
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.
Further Reading
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