Allianz Asset Management GmbH Has $14.75 Million Holdings in Amkor Technology, Inc. $AMKR

Allianz Asset Management GmbH lifted its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 47.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 519,461 shares of the semiconductor company’s stock after purchasing an additional 166,091 shares during the quarter. Allianz Asset Management GmbH owned 0.21% of Amkor Technology worth $14,753,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Royal Bank of Canada raised its holdings in Amkor Technology by 100.6% during the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after buying an additional 3,454,012 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Amkor Technology by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Amkor Technology by 913.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 6,768 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Amkor Technology by 73.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock valued at $9,476,000 after acquiring an additional 222,107 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in Amkor Technology during the 1st quarter valued at about $271,000. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Trading Up 11.5%

Shares of AMKR opened at $49.36 on Friday. The firm has a market cap of $12.20 billion, a P/E ratio of 39.49 and a beta of 2.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 1.77. The business has a 50-day moving average of $45.70 and a 200 day moving average of $34.36. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $55.17.

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were issued a $0.0835 dividend. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.33 annualized dividend and a yield of 0.7%. Amkor Technology’s payout ratio is 26.40%.

Analyst Upgrades and Downgrades

AMKR has been the subject of several analyst reports. B. Riley Financial increased their price objective on Amkor Technology from $29.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. UBS Group lowered Amkor Technology from a “buy” rating to a “neutral” rating and increased their price target for the company from $38.00 to $55.00 in a research report on Monday, January 12th. DA Davidson raised their price objective on Amkor Technology from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Amkor Technology in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Amkor Technology has an average rating of “Hold” and an average price target of $39.14.

Insider Buying and Selling at Amkor Technology

In related news, Director Gil C. Tily sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $46.44, for a total value of $928,800.00. Following the transaction, the director directly owned 123,806 shares in the company, valued at approximately $5,749,550.64. This represents a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maryfrances Mccourt sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $46.02, for a total value of $920,400.00. Following the sale, the director owned 55,918 shares in the company, valued at $2,573,346.36. The trade was a 26.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 96,000 shares of company stock worth $4,085,910. Company insiders own 26.90% of the company’s stock.

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.