115,862 Shares in Amkor Technology, Inc. $AMKR Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 115,862 shares of the semiconductor company’s stock, valued at approximately $5,217,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of Amkor Technology by 91.2% during the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 440 shares during the last quarter. Root Financial Partners LLC lifted its position in Amkor Technology by 38.8% during the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after buying an additional 262 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Amkor Technology by 61.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after buying an additional 854 shares in the last quarter. Finally, FNY Investment Advisers LLC grew its holdings in Amkor Technology by 83.5% during the 3rd quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 670 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $69.65 on Friday. The firm has a market capitalization of $17.26 billion, a PE ratio of 39.80 and a beta of 2.20. 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, Inc. has a 1 year low of $20.59 and a 1 year high of $96.68. The firm’s 50-day moving average is $75.51 and its 200-day moving average is $57.92.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share 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 business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. Amkor Technology’s revenue for the quarter was up 27.5% compared to the same quarter last year. Equities analysts expect that Amkor Technology, Inc. will post 2.08 EPS for the current year.

Amkor Technology Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on AMKR. UBS Group restated a “neutral” rating and issued a $80.00 price objective on shares of Amkor Technology in a research report on Tuesday, May 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a research note on Monday, April 20th. The Goldman Sachs Group raised their price target on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Wall Street Zen cut shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Finally, Needham & Company LLC upped their price objective on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $69.88.

Insider Buying and Selling

In related news, Director Gil C. Tily sold 15,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $77.30, for a total value of $1,159,500.00. Following the completion of the sale, the director owned 108,806 shares in the company, valued at approximately $8,410,703.80. This represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Winston J. Churchill sold 7,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.45, for a total value of $535,150.00. Following the completion of the sale, the director owned 18,888 shares of the company’s stock, valued at $1,443,987.60. This represents a 27.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 119,000 shares of company stock worth $8,928,600 over the last 90 days. 26.40% of the stock is currently 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.