Three Seasons Wealth LLC Takes Position in Amkor Technology, Inc. $AMKR

Three Seasons Wealth LLC purchased a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,632 shares of the semiconductor company’s stock, valued at approximately $704,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Royal Bank of Canada grew its position in Amkor Technology by 100.6% in the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock valued at $349,000 after acquiring an additional 3,454,012 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Amkor Technology by 913.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 6,768 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Amkor Technology by 73.4% in 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 in the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Amkor Technology in the 1st quarter valued at approximately $271,000. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Stock Down 3.6%

Shares of NASDAQ:AMKR opened at $67.64 on Thursday. The firm has a market cap of $16.77 billion, a P/E ratio of 38.65 and a beta of 2.20. Amkor Technology, Inc. has a 12-month low of $20.59 and a 12-month high of $96.68. The business has a fifty day simple moving average of $74.63 and a 200 day simple moving average of $59.62. 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 (NASDAQ:AMKR) last released its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The business’s revenue was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 EPS. Analysts predict that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were issued a $0.0835 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.33 annualized dividend and a yield of 0.5%. Amkor Technology’s dividend payout ratio is presently 18.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. B. Riley Financial upped their price objective on shares of Amkor Technology from $70.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Morgan Stanley raised their target price 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. Melius Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, April 6th. Wall Street Zen downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Finally, Needham & Company LLC increased their price target on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $69.88.

Insiders Place Their Bets

In other Amkor Technology news, Director Guillaume Marie Jean Rutten sold 50,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $74.28, for a total transaction of $3,714,000.00. Following the completion of the sale, the director owned 502,558 shares of the company’s stock, valued at approximately $37,330,008.24. This represents a 9.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Megan Faust sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $70.30, for a total transaction of $70,300.00. Following the transaction, the chief financial officer owned 132,138 shares of the company’s stock, valued at approximately $9,289,301.40. The trade was a 0.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 114,000 shares of company stock valued at $8,631,450 over the last three months. Insiders own 26.40% of the company’s stock.

About Amkor Technology

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.