UBS Group AG Grows Stock Position in Amkor Technology, Inc. $AMKR

UBS Group AG grew its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 205.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,254,658 shares of the semiconductor company’s stock after buying an additional 843,983 shares during the quarter. UBS Group AG’s holdings in Amkor Technology were worth $49,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in Amkor Technology by 72.1% in the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 391 shares during the period. IFP Advisors Inc grew its stake in shares of 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 period. FNY Investment Advisers LLC increased its holdings in shares of Amkor Technology by 83.5% during the 3rd quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 670 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Amkor Technology during the 3rd quarter valued at approximately $43,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Amkor Technology by 61.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 854 shares during the period. 42.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Amkor Technology news, Director Guillaume Marie Jean Rutten sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $48.80, for a total value of $976,000.00. Following the transaction, the director directly owned 543,866 shares of the company’s stock, valued at $26,540,660.80. This trade represents a 3.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin K. Engel sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $48.75, for a total value of $609,375.00. Following the completion of the sale, the chief executive officer owned 2,953 shares of the company’s stock, valued at $143,958.75. This trade represents a 80.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 42,500 shares of company stock worth $2,105,225 over the last three months. Insiders own 26.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Amkor Technology from $32.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, April 6th. B. Riley Financial increased their target price on shares of Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. William Blair upgraded Amkor Technology to a “neutral” rating in a research report on Monday, January 12th. Finally, Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $62.75.

Amkor Technology Stock Performance

NASDAQ AMKR opened at $77.22 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. The stock’s 50 day simple moving average is $54.11 and its 200-day simple moving average is $46.23. The company has a market cap of $19.14 billion, a PE ratio of 44.13 and a beta of 2.29. Amkor Technology, Inc. has a 1-year low of $17.18 and a 1-year high of $79.23.

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

Amkor Technology Announces Dividend

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

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.