Steward Partners Investment Advisory LLC grew its stake in Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating) by 9.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,974 shares of the semiconductor company’s stock after purchasing an additional 591 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Amkor Technology were worth $151,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Westwood Holdings Group Inc. increased its position in Amkor Technology by 22.0% during the fourth quarter. Westwood Holdings Group Inc. now owns 3,966,673 shares of the semiconductor company’s stock worth $98,334,000 after acquiring an additional 714,990 shares during the period. Renaissance Technologies LLC bought a new position in Amkor Technology during the fourth quarter worth about $5,288,000. Invesco Ltd. increased its position in Amkor Technology by 10.7% during the fourth quarter. Invesco Ltd. now owns 1,513,636 shares of the semiconductor company’s stock worth $37,523,000 after acquiring an additional 146,019 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in Amkor Technology by 2.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,168,786 shares of the semiconductor company’s stock worth $128,134,000 after acquiring an additional 106,253 shares during the period. Finally, Royce & Associates LP increased its position in Amkor Technology by 10.9% during the fourth quarter. Royce & Associates LP now owns 1,052,412 shares of the semiconductor company’s stock worth $26,089,000 after acquiring an additional 103,081 shares during the period. 59.68% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, DA Davidson assumed coverage on shares of Amkor Technology in a research report on Wednesday, June 29th. They set a “buy” rating and a $30.00 price target on the stock.
Amkor Technology Trading Up 1.5 %
Amkor Technology (NASDAQ:AMKR – Get Rating) last announced its quarterly earnings data on Monday, August 1st. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.52 billion. Amkor Technology had a net margin of 10.83% and a return on equity of 24.26%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. On average, analysts forecast that Amkor Technology, Inc. will post 2.7 earnings per share for the current fiscal year.
Amkor Technology Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 27th. Stockholders of record on Tuesday, June 7th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.98%. Amkor Technology’s payout ratio is currently 7.09%.
In related news, CFO Megan Faust sold 12,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $19.07, for a total transaction of $228,840.00. Following the sale, the chief financial officer now directly owns 8,512 shares in the company, valued at approximately $162,323.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 56.50% of the stock is currently owned by corporate insiders.
Amkor Technology Company Profile
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.
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