Diversified Trust Co Raises Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Diversified Trust Co increased its position in Amkor Technology, Inc. (NASDAQ:AMKRGet Rating) by 20.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,893 shares of the semiconductor company’s stock after acquiring an additional 3,827 shares during the period. Diversified Trust Co’s holdings in Amkor Technology were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMKR. Westwood Holdings Group Inc. raised its stake in Amkor Technology by 22.0% in the 4th 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 last quarter. LSV Asset Management raised its stake in Amkor Technology by 9.2% in the 1st quarter. LSV Asset Management now owns 8,153,318 shares of the semiconductor company’s stock worth $177,090,000 after acquiring an additional 684,917 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Amkor Technology by 63.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 898,438 shares of the semiconductor company’s stock worth $19,514,000 after acquiring an additional 348,491 shares during the last quarter. SW Investment Management LLC raised its stake in Amkor Technology by 9.1% in the 1st quarter. SW Investment Management LLC now owns 3,000,000 shares of the semiconductor company’s stock worth $65,165,000 after acquiring an additional 250,000 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Amkor Technology by 109.3% during the 1st quarter. Renaissance Technologies LLC now owns 446,400 shares of the semiconductor company’s stock worth $9,696,000 after purchasing an additional 233,100 shares during the period. Hedge funds and other institutional investors own 38.69% of the company’s stock.

Amkor Technology Price Performance

Shares of AMKR opened at $17.63 on Friday. The business’s 50-day moving average is $20.08 and its two-hundred day moving average is $19.63. The company has a market capitalization of $4.32 billion, a P/E ratio of 6.25 and a beta of 1.52. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.30 and a current ratio of 1.66. Amkor Technology, Inc. has a fifty-two week low of $14.89 and a fifty-two week high of $27.30.

Amkor Technology (NASDAQ:AMKRGet Rating) last posted its earnings results on Monday, August 1st. The semiconductor company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Amkor Technology had a return on equity of 22.93% and a net margin of 10.65%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Research analysts predict that Amkor Technology, Inc. will post 2.92 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Tuesday, September 6th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, September 2nd. Amkor Technology’s dividend payout ratio (DPR) is presently 7.09%.

Insider Activity

In other news, CEO Guillaume Marie Jean Rutten sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $22.01, for a total transaction of $1,320,600.00. Following the sale, the chief executive officer now directly owns 245,000 shares in the company, valued at approximately $5,392,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Megan Faust sold 12,000 shares of Amkor Technology stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $19.07, for a total value 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 legal filing with the SEC, which is available at this link. Also, CEO Guillaume Marie Jean Rutten sold 60,000 shares of Amkor Technology stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $22.01, for a total value of $1,320,600.00. Following the completion of the sale, the chief executive officer now owns 245,000 shares in the company, valued at $5,392,450. The disclosure for this sale can be found here. Insiders own 56.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson began coverage on 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 Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

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