Jupiter Topco LLC acquired a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 55,603 shares of the semiconductor company’s stock, valued at approximately $4,795,000.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Amkor Technology during the second quarter worth $1,060,005,000. Fisher Asset Management LLC lifted its position in Amkor Technology by 204.5% in the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after acquiring an additional 1,407,109 shares in the last quarter. UBS Group AG boosted its stake 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 purchasing an additional 843,983 shares during the period. Black Swift Group LLC acquired a new position in Amkor Technology in the 4th quarter worth $797,000. Finally, Foster & Motley Inc. bought a new position in Amkor Technology during the 2nd quarter worth about $1,944,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.
Amkor Technology Stock Performance
Shares of NASDAQ AMKR opened at $47.30 on Tuesday. The stock has a 50 day moving average price of $61.59 and a 200 day moving average price of $61.17. Amkor Technology, Inc. has a 52 week low of $23.36 and a 52 week high of $96.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. The stock has a market capitalization of $11.75 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 0.59 and a beta of 2.25.
Amkor Technology Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 2nd. Amkor Technology’s dividend payout ratio is 14.80%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Amkor Technology in a report on Tuesday, July 28th. Bank of America began coverage on Amkor Technology in a research note on Thursday, August 27th. They issued a “buy” rating and a $70.00 target price on the stock. Morgan Stanley upped their price target on Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. B. Riley Financial decreased their price target on shares of Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Finally, UBS Group upgraded shares of Amkor Technology from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $90.00 in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.33.
Get Our Latest Analysis on Amkor Technology
Insider Activity
In other Amkor Technology news, Director Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction 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 sale, the director owned 486,732 shares in the company, valued at $26,940,616.20. This trade represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Megan Faust sold 1,000 shares of Amkor Technology stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $54.45, for a total transaction of $54,450.00. Following the completion of the transaction, the chief financial officer directly owned 135,105 shares of the company’s stock, valued at approximately $7,356,467.25. This trade represents a 0.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 50,221 shares of company stock valued at $3,059,887. 26.40% of the stock is owned by corporate 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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