Diversified Trust Co lessened its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 69.5% during the 1st quarter, Holdings Channel reports. The firm owned 5,663 shares of the semiconductor company’s stock after selling 12,893 shares during the period. Diversified Trust Co’s holdings in Amkor Technology were worth $255,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. Hsbc Holdings PLC lifted its holdings in Amkor Technology by 1,381.2% during the 4th quarter. Hsbc Holdings PLC now owns 214,876 shares of the semiconductor company’s stock worth $8,593,000 after buying an additional 200,369 shares in the last quarter. Corient Private Wealth LLC grew its stake in Amkor Technology by 308.1% during the 4th quarter. Corient Private Wealth LLC now owns 219,648 shares of the semiconductor company’s stock worth $8,818,000 after purchasing an additional 165,829 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Amkor Technology by 1,268.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,597 shares of the semiconductor company’s stock worth $221,000 after purchasing an additional 5,188 shares during the period. DGS Capital Management LLC boosted its stake in shares of Amkor Technology by 6.9% in the 4th quarter. DGS Capital Management LLC now owns 13,317 shares of the semiconductor company’s stock valued at $526,000 after buying an additional 864 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Amkor Technology by 10.1% in the 4th quarter. Pacer Advisors Inc. now owns 22,836 shares of the semiconductor company’s stock valued at $902,000 after buying an additional 2,098 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.
Amkor Technology Stock Performance
Shares of AMKR opened at $78.72 on Friday. The company has a market capitalization of $19.51 billion, a PE ratio of 44.98 and a beta of 2.25. Amkor Technology, Inc. has a 52-week low of $20.59 and a 52-week high of $96.68. The company has a 50-day simple moving average of $74.59 and a 200-day simple moving average of $56.80. 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 Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, June 3rd. Amkor Technology’s payout ratio is presently 18.86%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on AMKR shares. Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Monday, April 6th. UBS Group reaffirmed a “neutral” rating and set a $80.00 price objective on shares of Amkor Technology in a research report on Tuesday, May 26th. The Goldman Sachs Group raised their price target on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. B. Riley Financial upped their price objective on Amkor Technology from $70.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Needham & Company LLC boosted their target price on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.88.
Check Out Our Latest Analysis on AMKR
Insider Buying and Selling
In other news, Director Winston J. Churchill sold 5,000 shares of Amkor Technology stock in a transaction on Friday, June 12th. The stock was sold at an average price of $78.20, for a total transaction of $391,000.00. Following the completion of the transaction, the director owned 28,781 shares of the company’s stock, valued at $2,250,674.20. The trade was a 14.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $86.21, for a total transaction of $431,050.00. Following the completion of the sale, the executive vice president directly owned 38,904 shares in the company, valued at approximately $3,353,913.84. The trade was a 11.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 119,000 shares of company stock valued at $8,928,600 in the last three months. 26.40% of the stock is owned by insiders.
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.
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