Amkor Technology, Inc. $AMKR Stake Boosted by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 204.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,095,027 shares of the semiconductor company’s stock after purchasing an additional 1,407,109 shares during the quarter. Fisher Asset Management LLC’s holdings in Amkor Technology were worth $82,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in AMKR. Signaturefd LLC boosted its position in Amkor Technology by 11.3% during the 4th quarter. Signaturefd LLC now owns 2,644 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 269 shares during the period. Bessemer Group Inc. lifted its stake in Amkor Technology by 72.1% in the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 391 shares during the last quarter. IFP Advisors Inc lifted its stake in Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 447 shares during the last quarter. Vest Financial LLC boosted its holdings in shares of Amkor Technology by 6.8% during the fourth quarter. Vest Financial LLC now owns 7,777 shares of the semiconductor company’s stock valued at $307,000 after acquiring an additional 493 shares during the period. Finally, Ulland Investment Advisors LLC grew its position in shares of Amkor Technology by 2.8% during the third quarter. Ulland Investment Advisors LLC now owns 18,260 shares of the semiconductor company’s stock worth $519,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Insider Activity at Amkor Technology

In other news, Director Winston J. Churchill sold 7,000 shares of Amkor Technology stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $76.45, for a total transaction of $535,150.00. Following the transaction, the director directly owned 18,888 shares in the company, valued at approximately $1,443,987.60. This trade represents a 27.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $74.28, for a total value of $3,714,000.00. Following the completion of the sale, the director owned 502,558 shares of the company’s stock, valued at approximately $37,330,008.24. This trade represents a 9.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 113,000 shares of company stock worth $8,258,950 in the last quarter. Company insiders own 26.40% of the company’s stock.

Amkor Technology Price Performance

AMKR stock opened at $65.75 on Tuesday. Amkor Technology, Inc. has a 52 week low of $17.79 and a 52 week high of $79.23. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 37.57 and a beta of 2.29. The firm’s 50-day moving average is $60.53 and its two-hundred day moving average is $49.66. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm posted $0.09 earnings per share. The business’s revenue was up 27.5% on a year-over-year basis. On average, analysts forecast that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is presently 18.86%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. UBS Group set a $43.00 price objective on shares of Amkor Technology in a research report on Tuesday, February 10th. Needham & Company LLC raised their price target on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group lifted their price target on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Wall Street Zen lowered Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Finally, JPMorgan Chase & Co. raised their target price on Amkor Technology from $32.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Amkor Technology has a consensus rating of “Hold” and an average target price of $62.75.

Amkor Technology Company 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.