Norges Bank Acquires Shares of 1,360,226 Amkor Technology, Inc. $AMKR

Norges Bank acquired a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,360,226 shares of the semiconductor company’s stock, valued at approximately $53,702,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fisher Asset Management LLC increased its holdings in shares of Amkor Technology by 204.5% in the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after acquiring an additional 1,407,109 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Amkor Technology by 47.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 519,461 shares of the semiconductor company’s stock valued at $14,753,000 after acquiring an additional 166,091 shares in the last quarter. UBS Group AG lifted its stake in Amkor Technology by 205.5% during the fourth quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company’s stock worth $49,534,000 after purchasing an additional 843,983 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in Amkor Technology in the fourth quarter worth $4,868,000. Finally, Jefferies Financial Group Inc. acquired a new position in Amkor Technology in the fourth quarter worth $841,000. Institutional investors own 42.76% of the company’s stock.

Insider Activity at Amkor Technology

In related news, Director Guillaume Marie Jean Rutten sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $74.28, for a total value of $3,714,000.00. Following the sale, the director directly owned 502,558 shares in the company, valued at $37,330,008.24. This trade represents a 9.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gil C. Tily sold 15,000 shares of Amkor Technology stock in a transaction on Monday, May 11th. The shares were sold at an average price of $77.30, for a total value of $1,159,500.00. Following the sale, the director directly owned 108,806 shares in the company, valued at $8,410,703.80. The trade was a 12.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 113,000 shares of company stock valued at $8,258,950. Company insiders own 26.40% of the company’s stock.

Amkor Technology Stock Performance

Shares of AMKR opened at $64.95 on Monday. The firm has a fifty day moving average of $65.06 and a 200-day moving average of $52.07. The company has a market cap of $16.10 billion, a price-to-earnings ratio of 37.11 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. Amkor Technology, Inc. has a 1 year low of $19.07 and a 1 year high of $79.50.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data 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. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. As a group, equities analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Announces Dividend

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

Analysts Set New Price Targets

AMKR has been the topic of a number of research reports. JPMorgan Chase & Co. increased their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a report on Monday, April 20th. Melius Research raised 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 price objective 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. Finally, Needham & Company LLC raised their target price on shares of 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.38.

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.