Polianta Ltd Makes New $1.26 Million Investment in Amkor Technology, Inc. $AMKR

Polianta Ltd bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 27,900 shares of the semiconductor company’s stock, valued at approximately $1,256,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMKR. IFP Advisors Inc boosted its stake in shares of Amkor Technology by 91.2% during the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 447 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Amkor Technology by 180.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 440 shares in the last quarter. Root Financial Partners LLC increased its stake in Amkor Technology by 38.8% in the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 262 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in 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 purchasing an additional 854 shares during the last quarter. Finally, FNY Investment Advisers LLC raised its holdings in Amkor Technology by 83.5% during the third quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 670 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Amkor Technology news, Director Gil C. Tily sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $77.30, for a total value of $1,159,500.00. Following the sale, the director directly owned 108,806 shares of the company’s stock, valued at approximately $8,410,703.80. This trade represents a 12.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of Amkor Technology stock in a transaction dated 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 $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 a total of 119,000 shares of company stock valued at $8,928,600 in the last three months. Company insiders own 26.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AMKR. Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Monday, April 6th. UBS Group reiterated a “neutral” rating and issued a $80.00 price objective on shares of Amkor Technology in a research report on Tuesday, May 26th. The Goldman Sachs Group boosted their price objective on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Amkor Technology in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $67.38.

Amkor Technology Price Performance

AMKR stock opened at $90.46 on Friday. The stock has a market capitalization of $22.42 billion, a P/E ratio of 51.69 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. Amkor Technology, Inc. has a one year low of $19.79 and a one year high of $96.68. The company has a 50 day moving average price of $71.94 and a two-hundred day moving average price of $55.27.

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

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be paid a $0.0835 dividend. This represents a $0.33 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio is presently 18.86%.

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.