Universal Beteiligungs und Servicegesellschaft mbH Trims Stock Holdings in Amkor Technology, Inc. $AMKR

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 214,764 shares of the semiconductor company’s stock after selling 27,568 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Amkor Technology worth $6,099,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of 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 purchasing an additional 3,454,012 shares during the period. AQR Capital Management LLC increased its holdings in Amkor Technology by 38.3% in the second quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock valued at $74,541,000 after buying an additional 985,727 shares in the last quarter. American Century Companies Inc. raised its position in shares of Amkor Technology by 30.0% in the second quarter. American Century Companies Inc. now owns 3,818,331 shares of the semiconductor company’s stock worth $80,147,000 after acquiring an additional 880,738 shares during the period. Norges Bank purchased a new stake in shares of Amkor Technology during the 2nd quarter worth about $17,221,000. Finally, Bandera Partners LLC boosted its stake in shares of Amkor Technology by 153.7% during the 2nd quarter. Bandera Partners LLC now owns 773,493 shares of the semiconductor company’s stock worth $16,236,000 after acquiring an additional 468,640 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Stock Up 1.4%

NASDAQ AMKR opened at $50.39 on Tuesday. The business has a fifty day moving average price of $43.01 and a 200 day moving average price of $32.78. Amkor Technology, Inc. has a one year low of $14.03 and a one year high of $55.17. 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 company has a market cap of $12.46 billion, a P/E ratio of 40.31 and a beta of 1.99.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, October 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. Amkor Technology had a net margin of 4.77% and a return on equity of 7.26%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the company posted $0.49 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Research analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were given a dividend of $0.0835 per share. The ex-dividend date was Wednesday, December 3rd. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. Amkor Technology’s dividend payout ratio (DPR) is presently 26.40%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wall Street Zen lowered Amkor Technology from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. B. Riley boosted their price objective on Amkor Technology from $29.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Amkor Technology in a research report on Friday, January 9th. UBS Group lowered shares of Amkor Technology from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $38.00 to $55.00 in a report on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Amkor Technology currently has a consensus rating of “Hold” and a consensus price target of $39.14.

Insider Activity at Amkor Technology

In other news, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $49.28, for a total transaction of $246,400.00. Following the transaction, the executive vice president directly owned 23,862 shares in the company, valued at $1,175,919.36. The trade was a 17.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maryfrances Mccourt 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 $46.02, for a total value of $920,400.00. Following the completion of the sale, the director owned 55,918 shares of the company’s stock, valued at $2,573,346.36. This trade represents a 26.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 96,000 shares of company stock worth $4,085,910 in the last 90 days. 26.90% of the stock is owned by insiders.

Amkor Technology Profile

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.