Mitsubishi UFJ Trust & Banking Corp Takes Position in Amkor Technology, Inc. $AMKR

Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 8,067 shares of the semiconductor company’s stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Signaturefd LLC boosted its holdings 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 valued at $104,000 after buying an additional 269 shares during the period. Bessemer Group Inc. lifted its position in Amkor Technology by 72.1% in the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 391 shares during the last quarter. IFP Advisors Inc lifted its position in Amkor Technology by 91.2% in the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 447 shares during the last quarter. Ulland Investment Advisors LLC lifted its position in Amkor Technology by 2.8% in the 3rd quarter. Ulland Investment Advisors LLC now owns 18,260 shares of the semiconductor company’s stock valued at $519,000 after purchasing an additional 500 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Amkor Technology by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 36,553 shares of the semiconductor company’s stock valued at $1,038,000 after purchasing an additional 503 shares during the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMKR shares. Morgan Stanley lifted their price objective on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. B. Riley Financial lifted their price objective on shares of Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research report on Monday, April 20th. William Blair upgraded shares of Amkor Technology to a “neutral” rating in a research report on Monday, January 12th. Finally, Wall Street Zen downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.75.

Amkor Technology Stock Up 0.7%

AMKR stock opened at $77.22 on Thursday. Amkor Technology, Inc. has a 52 week low of $17.18 and a 52 week high of $79.23. The company has a market capitalization of $19.14 billion, a price-to-earnings ratio of 44.13 and a beta of 2.29. The firm’s 50-day moving average is $54.11 and its two-hundred day moving average is $46.23. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm earned $0.09 EPS. Amkor Technology’s revenue was up 27.5% on a year-over-year basis. On average, analysts forecast that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were given a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, March 12th. Amkor Technology’s payout ratio is 18.86%.

Insiders Place Their Bets

In other Amkor Technology news, CEO Kevin K. Engel sold 12,500 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $48.75, for a total transaction of $609,375.00. Following the sale, the chief executive officer directly owned 2,953 shares in the company, valued at approximately $143,958.75. The trade was a 80.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $59.43, for a total transaction of $297,150.00. Following the completion of the transaction, the executive vice president directly owned 38,904 shares in the company, valued at $2,312,064.72. This represents a 11.39% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 42,500 shares of company stock worth $2,105,225. 26.40% of the stock is owned by corporate 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.