Russell Investments Group Ltd. grew its position in Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 11.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,009 shares of the semiconductor company’s stock after purchasing an additional 4,757 shares during the period. Russell Investments Group Ltd.’s holdings in Amkor Technology were worth $1,171,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMKR. Mercer Global Advisors Inc. ADV lifted its position in shares of Amkor Technology by 17.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,138 shares of the semiconductor company’s stock worth $483,000 after buying an additional 3,011 shares in the last quarter. FORA Capital LLC purchased a new position in Amkor Technology in the fourth quarter worth $348,000. Principal Financial Group Inc. boosted its position in Amkor Technology by 5.6% in the fourth quarter. Principal Financial Group Inc. now owns 413,580 shares of the semiconductor company’s stock worth $9,918,000 after purchasing an additional 21,949 shares during the last quarter. Moors & Cabot Inc. bought a new position in Amkor Technology in the 4th quarter valued at $245,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Amkor Technology by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 15,711,184 shares of the semiconductor company’s stock valued at $376,754,000 after purchasing an additional 51,306 shares during the last quarter. 38.69% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have commented on AMKR. StockNews.com started coverage on shares of Amkor Technology in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. DA Davidson lifted their price target on shares of Amkor Technology from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st.
Insider Buying and Selling
In related news, CFO Megan Faust sold 2,700 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $26.38, for a total transaction of $71,226.00. Following the completion of the transaction, the chief financial officer now directly owns 35,394 shares in the company, valued at $933,693.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 10,800 shares of company stock worth $286,551. Corporate insiders own 53.30% of the company’s stock.
Amkor Technology Price Performance
AMKR opened at $27.91 on Thursday. The firm has a 50-day moving average price of $27.85 and a 200-day moving average price of $25.76. Amkor Technology, Inc. has a twelve month low of $16.13 and a twelve month high of $31.38. The company has a quick ratio of 1.56, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 11.88 and a beta of 1.76.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last issued its earnings results on Monday, July 31st. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. Amkor Technology had a return on equity of 15.77% and a net margin of 8.38%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. Equities analysts expect that Amkor Technology, Inc. will post 1.6 EPS for the current year.
Amkor Technology Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.30 annualized dividend and a dividend yield of 1.07%. Amkor Technology’s payout ratio is currently 12.77%.
Amkor Technology Profile
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services.
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