DLD Asset Management LP acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 140,000 shares of the semiconductor company’s stock, valued at approximately $12,072,000. Amkor Technology accounts for about 0.8% of DLD Asset Management LP’s portfolio, making the stock its 18th biggest holding.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMKR. IFP Advisors Inc boosted its stake in Amkor Technology by 91.2% during the 3rd 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 position 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 raised its position in shares of Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 262 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Amkor Technology by 56.4% in the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after buying an additional 158 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake 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 buying an additional 854 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.
Amkor Technology Price Performance
NASDAQ AMKR opened at $50.26 on Monday. Amkor Technology, Inc. has a 52 week low of $23.22 and a 52 week high of $96.68. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $66.41 and its 200-day simple moving average is $61.15. The firm has a market cap of $12.49 billion, a PE ratio of 22.54 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. Stockholders of record on Wednesday, September 2nd will be paid a $0.0835 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. Amkor Technology’s dividend payout ratio is 14.80%.
Wall Street Analyst Weigh In
AMKR has been the topic of a number of recent research reports. Morgan Stanley boosted their price target on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Amkor Technology in a research note on Tuesday, July 28th. UBS Group upgraded Amkor Technology from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $90.00 in a report on Friday, July 24th. Finally, The Goldman Sachs Group upped their price target on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.12.
Get Our Latest Stock Report on AMKR
Insider Buying and Selling at Amkor Technology
In other news, CEO Kevin K. Engel sold 3,221 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $47.00, for a total transaction of $151,387.00. Following the completion of the sale, the chief executive officer owned 9,666 shares in the company, valued at $454,302. This trade represents a 24.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas A. Alexander sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $55.81, for a total transaction of $279,050.00. Following the sale, the director directly owned 29,109 shares in the company, valued at approximately $1,624,573.29. The trade was a 14.66% 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. Over the last three months, insiders have sold 50,221 shares of company stock worth $3,059,887. 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.
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