SG Americas Securities LLC Purchases 278,521 Shares of Amkor Technology, Inc. $AMKR

SG Americas Securities LLC raised its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 39.8% during the 1st quarter, Holdings Channel reports. The fund owned 978,570 shares of the semiconductor company’s stock after purchasing an additional 278,521 shares during the period. SG Americas Securities LLC’s holdings in Amkor Technology were worth $44,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMKR. O Shaughnessy Asset Management LLC grew its holdings in shares of Amkor Technology by 2.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock valued at $387,000 after purchasing an additional 202 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Amkor Technology by 0.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock valued at $1,430,000 after purchasing an additional 218 shares in the last quarter. Evolve Private Wealth LLC lifted its position in Amkor Technology by 3.0% during the first quarter. Evolve Private Wealth LLC now owns 7,615 shares of the semiconductor company’s stock valued at $343,000 after purchasing an additional 222 shares during the last quarter. Root Financial Partners LLC lifted its position in Amkor Technology by 38.8% during the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 262 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Amkor Technology by 11.3% in the 4th quarter. Signaturefd LLC now owns 2,644 shares of the semiconductor company’s stock worth $104,000 after buying an additional 269 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Trading Up 3.4%

AMKR stock opened at $93.55 on Tuesday. Amkor Technology, Inc. has a twelve month low of $19.84 and a twelve month high of $96.68. The stock has a market capitalization of $23.19 billion, a price-to-earnings ratio of 53.46 and a beta of 2.25. 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 firm’s fifty day simple moving average is $72.71 and its two-hundred day simple moving average is $55.77.

Amkor Technology (NASDAQ:AMKR) last released its 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 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 analyst estimates of $1.63 billion. During the same quarter last year, the business earned $0.09 EPS. The business’s revenue was up 27.5% on a year-over-year basis. As a group, analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd will be paid a $0.0835 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.33 annualized dividend and a yield of 0.4%. Amkor Technology’s dividend payout ratio (DPR) is presently 18.86%.

Insiders Place Their Bets

In other news, Director Winston J. Churchill sold 5,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $78.20, for a total value of $391,000.00. Following the sale, the director directly owned 28,781 shares in the company, valued at approximately $2,250,674.20. This represents a 14.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $74.28, for a total value of $3,714,000.00. Following the sale, the director directly owned 502,558 shares of the company’s stock, valued at $37,330,008.24. This represents a 9.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 119,000 shares of company stock valued at $8,928,600 over the last quarter. Corporate insiders own 26.40% of the company’s stock.

Wall Street Analysts Forecast Growth

AMKR has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Wall Street Zen downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. B. Riley Financial lifted their price target on Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, April 6th. Finally, UBS Group restated a “neutral” rating and set a $80.00 price objective on shares of Amkor Technology in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Amkor Technology presently has an average rating of “Hold” and an average price target 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.