Amkor Technology, Inc. (NASDAQ:AMKR) Stake Boosted by Credit Suisse AG

Credit Suisse AG raised its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,613 shares of the semiconductor company’s stock after acquiring an additional 3,303 shares during the quarter. Credit Suisse AG’s holdings in Amkor Technology were worth $2,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AMKR. Earnest Partners LLC grew its stake in Amkor Technology by 280.0% during the 4th quarter. Earnest Partners LLC now owns 1,794,499 shares of the semiconductor company’s stock valued at $43,032,000 after acquiring an additional 1,322,267 shares in the last quarter. Norges Bank purchased a new position in Amkor Technology during the 4th quarter valued at about $20,372,000. Arrowstreet Capital Limited Partnership grew its stake in Amkor Technology by 477.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,011,219 shares of the semiconductor company’s stock valued at $24,249,000 after acquiring an additional 836,109 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Amkor Technology by 63.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 898,438 shares of the semiconductor company’s stock valued at $19,514,000 after acquiring an additional 348,491 shares in the last quarter. Finally, SW Investment Management LLC grew its stake in Amkor Technology by 9.1% during the 1st quarter. SW Investment Management LLC now owns 3,000,000 shares of the semiconductor company’s stock valued at $65,165,000 after acquiring an additional 250,000 shares in the last quarter. Hedge funds and other institutional investors own 38.69% of the company’s stock.

Insider Buying and Selling

In related news, CFO Megan Faust sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $24.79, for a total value of $66,933.00. Following the completion of the sale, the chief financial officer now directly owns 35,394 shares in the company, valued at approximately $877,417.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 10,800 shares of company stock worth $286,551. 53.30% of the stock is currently owned by insiders.

Amkor Technology Trading Up 1.0 %

Shares of NASDAQ AMKR opened at $28.16 on Friday. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 11.98 and a beta of 1.76. The business has a 50 day simple moving average of $27.92 and a 200 day simple moving average of $25.78. Amkor Technology, Inc. has a 52 week low of $16.13 and a 52 week high of $31.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.56 and a current ratio of 1.90.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Amkor Technology had a return on equity of 15.77% and a net margin of 8.38%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. On average, research analysts predict that Amkor Technology, Inc. will post 1.6 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors 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 yield of 1.07%. Amkor Technology’s dividend payout ratio (DPR) is currently 12.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. DA Davidson lifted their target price on Amkor Technology from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. StockNews.com assumed coverage on Amkor Technology in a research note on Thursday, August 17th. They issued a “hold” rating for the company.

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.