Tue. Oct 4th, 2022


Qube Research & Technologies Ltd acquired a new position in Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 70,840 shares of the semiconductor company’s stock, valued at approximately $1,539,000.

Several other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC increased its stake in shares of Amkor Technology by 75.8% during the first quarter. Los Angeles Capital Management LLC now owns 84,323 shares of the semiconductor company’s stock valued at $1,831,000 after buying an additional 36,360 shares during the period. Royce & Associates LP raised its holdings in shares of Amkor Technology by 10.8% in the 1st quarter. Royce & Associates LP now owns 1,165,674 shares of the semiconductor company’s stock valued at $25,318,000 after purchasing an additional 113,262 shares in the last quarter. DGS Capital Management LLC boosted its stake in shares of Amkor Technology by 28.0% during the first quarter. DGS Capital Management LLC now owns 15,181 shares of the semiconductor company’s stock valued at $330,000 after purchasing an additional 3,320 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Amkor Technology by 36.6% during the first quarter. New York State Common Retirement Fund now owns 100,484 shares of the semiconductor company’s stock valued at $2,183,000 after buying an additional 26,911 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Amkor Technology by 422.2% during the first quarter. Russell Investments Group Ltd. now owns 38,838 shares of the semiconductor company’s stock valued at $841,000 after buying an additional 31,401 shares during the period. 59.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $22.01, for a total transaction of $1,320,600.00. Following the sale, the chief executive officer now owns 245,000 shares of the company’s stock, valued at approximately $5,392,450. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Guillaume Marie Jean Rutten sold 60,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $22.01, for a total value of $1,320,600.00. Following the completion of the transaction, the chief executive officer now owns 245,000 shares in the company, valued at approximately $5,392,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Megan Faust sold 12,000 shares of Amkor Technology stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $19.07, for a total value of $228,840.00. Following the sale, the chief financial officer now directly owns 8,512 shares of the company’s stock, valued at approximately $162,323.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,000 shares of company stock worth $1,668,840. Insiders own 56.50% of the company’s stock.

Amkor Technology Stock Up 3.7 %

Shares of Amkor Technology stock opened at $22.74 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.66 and a debt-to-equity ratio of 0.30. The company has a market cap of $5.57 billion, a P/E ratio of 8.06 and a beta of 1.55. The firm’s 50 day moving average price is $18.55 and its 200-day moving average price is $20.07. Amkor Technology, Inc. has a 52-week low of $14.89 and a 52-week high of $29.50.

Amkor Technology (NASDAQ:AMKR – Get Rating) last released its quarterly earnings results on Monday, August 1st. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Amkor Technology had a net margin of 10.65% and a return on equity of 22.93%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts predict that Amkor Technology, Inc. will post 2.92 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 27th. Shareholders of record on Tuesday, June 7th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.88%. The ex-dividend date was Monday, June 6th. Amkor Technology’s dividend payout ratio is presently 7.09%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson began coverage on Amkor Technology in a research report on Wednesday, June 29th. They set a “buy” rating and a $30.00 target price on the stock.

Amkor Technology Profile

(Get Rating)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.

See Also

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Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)



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