Susquehanna Fundamental Investments LLC acquired a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 151,482 shares of the semiconductor company’s stock, valued at approximately $13,062,000. Susquehanna Fundamental Investments LLC owned about 0.06% of Amkor Technology at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in AMKR. Royal Bank of Canada grew its holdings in shares of Amkor Technology by 100.6% during the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock valued at $349,000 after buying an additional 3,454,012 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Amkor Technology by 61.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Amkor Technology by 913.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 6,768 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Amkor Technology by 73.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock valued at $9,476,000 after purchasing an additional 222,107 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in Amkor Technology during the 1st quarter worth approximately $271,000. 42.76% of the stock is owned by institutional investors.
Amkor Technology Stock Performance
Shares of Amkor Technology stock opened at $47.88 on Monday. The firm has a market cap of $11.90 billion, a PE ratio of 21.47, a P/E/G ratio of 0.59 and a beta of 2.24. Amkor Technology, Inc. has a 1 year low of $23.36 and a 1 year high of $96.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91. The stock has a fifty day moving average price of $62.52 and a 200-day moving average price of $61.21.
Amkor Technology Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 2nd. Amkor Technology’s dividend payout ratio is currently 14.80%.
Wall Street Analysts Forecast Growth
AMKR has been the subject of several analyst reports. Morgan Stanley increased their price objective on Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. B. Riley Financial dropped their price objective on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Bank of America initiated coverage on shares of Amkor Technology in a research note on Thursday. They issued a “buy” rating and a $70.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Amkor Technology in a report on Tuesday, July 28th. Finally, UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and raised their price target for the company from $80.00 to $90.00 in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.
View Our Latest Analysis on AMKR
Insider Activity
In related news, EVP Mark N. Rogers sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $59.78, for a total value of $298,900.00. Following the transaction, the executive vice president owned 38,904 shares in the company, valued at approximately $2,325,681.12. This represents a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $55.35, for a total value of $1,383,750.00. Following the completion of the transaction, the director owned 486,732 shares in the company, valued at approximately $26,940,616.20. The trade was a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 50,221 shares of company stock worth $3,059,887. 26.40% of the stock is owned by insiders.
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.
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