Amkor Technology, Inc. (NASDAQ:AMKR) Shares Purchased by US Bancorp DE

US Bancorp DE boosted its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 113.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,811 shares of the semiconductor company’s stock after acquiring an additional 4,159 shares during the quarter. US Bancorp DE’s holdings in Amkor Technology were worth $141,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. boosted its stake in Amkor Technology by 15.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,886 shares of the semiconductor company’s stock worth $197,000 after purchasing an additional 1,423 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Amkor Technology by 22.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,963 shares of the semiconductor company’s stock valued at $379,000 after acquiring an additional 3,885 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Amkor Technology by 32.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 22,260 shares of the semiconductor company’s stock valued at $403,000 after buying an additional 5,447 shares during the period. M&T Bank Corp raised its holdings in Amkor Technology by 36.9% in the 1st quarter. M&T Bank Corp now owns 52,816 shares of the semiconductor company’s stock valued at $954,000 after buying an additional 14,236 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Amkor Technology by 54.9% in the 1st quarter. GAMMA Investing LLC now owns 4,853 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 1,721 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AMKR shares. JPMorgan Chase & Co. boosted their price objective on shares of Amkor Technology from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. B. Riley boosted their price objective on Amkor Technology from $18.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. DA Davidson lowered their price objective on Amkor Technology from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. UBS Group boosted their price objective on Amkor Technology from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Finally, Needham & Company LLC boosted their price objective on Amkor Technology from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Amkor Technology presently has an average rating of “Hold” and an average price target of $26.44.

Amkor Technology Price Performance

AMKR stock opened at $23.76 on Friday. The company has a market capitalization of $5.87 billion, a P/E ratio of 19.32 and a beta of 1.85. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $33.85. The business has a 50 day simple moving average of $21.76 and a 200-day simple moving average of $20.19. The company has a current ratio of 1.89, a quick ratio of 1.70 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. Amkor Technology had a return on equity of 7.23% and a net margin of 4.80%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, September 3rd. Amkor Technology’s dividend payout ratio is 26.83%.

Insider Transactions at Amkor Technology

In related news, major shareholder Sujoda Management, Llc purchased 441,589 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was acquired at an average price of $21.85 per share, for a total transaction of $9,648,719.65. Following the completion of the purchase, the insider directly owned 3,789,479 shares of the company’s stock, valued at $82,800,116.15. This trade represents a 13.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder John T. Kim acquired 441,589 shares of the business’s stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $21.85 per share, with a total value of $9,648,719.65. Following the transaction, the insider directly owned 3,789,479 shares of the company’s stock, valued at $82,800,116.15. This represents a 13.19% increase in their position. The disclosure for this purchase can be found here. Company insiders own 26.90% of the company’s stock.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the 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; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.