Savant Capital LLC Has $474,000 Stake in Amkor Technology, Inc. $AMKR

Savant Capital LLC decreased its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 43.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,008 shares of the semiconductor company’s stock after selling 9,064 shares during the quarter. Savant Capital LLC’s holdings in Amkor Technology were worth $474,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Signaturefd LLC grew its position in shares of Amkor Technology by 11.3% during the 4th quarter. Signaturefd LLC now owns 2,644 shares of the semiconductor company’s stock worth $104,000 after buying an additional 269 shares during the period. Bessemer Group Inc. grew its position in shares of Amkor Technology by 72.1% during the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after buying an additional 391 shares during the period. IFP Advisors Inc grew its position 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 buying an additional 447 shares during the period. Vest Financial LLC grew its position in shares of Amkor Technology by 6.8% during the 4th quarter. Vest Financial LLC now owns 7,777 shares of the semiconductor company’s stock worth $307,000 after buying an additional 493 shares during the period. Finally, Ulland Investment Advisors LLC grew its position in shares of Amkor Technology by 2.8% during the 3rd quarter. Ulland Investment Advisors LLC now owns 18,260 shares of the semiconductor company’s stock worth $519,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Wall Street Analyst Weigh In

AMKR has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. upped their target price on shares of Amkor Technology from $32.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday, April 6th. Zacks Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.38.

Insider Buying and Selling at Amkor Technology

In related news, CFO Megan Faust sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $64.60, for a total value of $64,600.00. Following the sale, the chief financial officer directly owned 133,138 shares of the company’s stock, valued at approximately $8,600,714.80. The trade was a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the business’s stock in a transaction 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 directly owned 502,558 shares in the company, valued at $37,330,008.24. This represents a 9.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 113,000 shares of company stock valued at $8,258,950 over the last quarter. 26.40% of the stock is currently owned by corporate insiders.

Amkor Technology Price Performance

Shares of AMKR opened at $73.82 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The stock has a 50 day simple moving average of $64.76 and a 200 day simple moving average of $51.83. Amkor Technology, Inc. has a 52-week low of $18.65 and a 52-week high of $79.50. The firm has a market capitalization of $18.30 billion, a PE ratio of 42.18 and a beta of 2.25.

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

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is presently 18.86%.

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.