Segall Bryant & Hamill LLC lifted its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 464.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 568,882 shares of the semiconductor company’s stock after buying an additional 468,168 shares during the period. Segall Bryant & Hamill LLC’s holdings in Amkor Technology were worth $16,156,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in Amkor Technology by 72.1% during the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 391 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Amkor Technology by 21.5% during the second quarter. Allworth Financial LP now owns 2,640 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 467 shares during the period. Arizona State Retirement System boosted its position in shares of Amkor Technology by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 36,553 shares of the semiconductor company’s stock worth $1,038,000 after purchasing an additional 503 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Amkor Technology by 24.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,784 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 548 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Amkor Technology by 7.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,082 shares of the semiconductor company’s stock valued at $170,000 after buying an additional 573 shares during the period. Institutional investors own 42.76% of the company’s stock.
Amkor Technology Stock Down 6.7%
Shares of NASDAQ:AMKR opened at $44.59 on Wednesday. The business’s 50 day moving average is $47.96 and its 200 day moving average is $37.58. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $57.09. The stock has a market cap of $11.03 billion, a price-to-earnings ratio of 29.53 and a beta of 1.94. The company has a quick ratio of 2.01, a current ratio of 2.27 and a debt-to-equity ratio of 0.28.
Amkor Technology Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 12th will be given a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, March 12th. Amkor Technology’s dividend payout ratio (DPR) is presently 21.85%.
Insider Buying and Selling at Amkor Technology
In other Amkor Technology news, Director Maryfrances Mccourt sold 20,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $46.02, for a total value of $920,400.00. Following the completion of the sale, the director directly owned 55,918 shares of the company’s stock, valued at approximately $2,573,346.36. This represents a 26.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kevin Engel sold 11,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $46.21, for a total transaction of $508,310.00. Following the completion of the sale, the executive vice president owned 349 shares of the company’s stock, valued at approximately $16,127.29. This trade represents a 96.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 98,500 shares of company stock valued at $4,720,685 in the last quarter. 26.90% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on AMKR. Zacks Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. upped their target price on Amkor Technology from $32.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. UBS Group set a $43.00 target price on Amkor Technology in a report on Tuesday, February 10th. B. Riley Financial boosted their price target on shares of Amkor Technology from $29.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Finally, Needham & Company LLC upped their price objective on shares of Amkor Technology from $50.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.86.
Get Our Latest Stock Analysis on AMKR
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.
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