Amkor Technology, Inc. $AMKR Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. grew its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 62.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 30,139 shares of the semiconductor company’s stock after buying an additional 11,589 shares during the quarter. Meeder Asset Management Inc.’s holdings in Amkor Technology were worth $1,357,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc increased its position in shares of Amkor Technology by 91.2% during the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares in the last quarter. Smartleaf Asset Management LLC raised 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 during the last quarter. Root Financial Partners LLC lifted its holdings 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. lifted its holdings in Amkor Technology by 61.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 854 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Amkor Technology during the 4th quarter worth $41,000. 42.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amkor Technology news, Director Roger Anthony Carolin sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.24, for a total value of $1,524,800.00. Following the transaction, the director directly owned 94,409 shares in the company, valued at $7,197,742.16. The trade was a 17.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $71.63, for a total transaction of $358,150.00. Following the completion of the sale, the executive vice president directly owned 38,904 shares of the company’s stock, valued at approximately $2,786,693.52. This trade represents a 11.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 114,000 shares of company stock worth $8,631,450 over the last ninety days. 26.40% of the stock is currently owned by insiders.

Amkor Technology Stock Down 0.6%

Shares of NASDAQ:AMKR opened at $62.56 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $73.89 and a two-hundred day moving average of $60.09. The stock has a market cap of $15.51 billion, a P/E ratio of 35.75 and a beta of 2.20. Amkor Technology, Inc. has a 52-week low of $20.86 and a 52-week high of $96.68.

Amkor Technology (NASDAQ:AMKR) last announced 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 net margin of 6.17% and a return on equity of 9.88%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the company posted $0.09 EPS. The company’s revenue was up 27.5% compared to the same quarter last year. On average, research analysts expect that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMKR shares. The Goldman Sachs Group upped their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. UBS Group restated a “neutral” rating and set a $80.00 price target on shares of Amkor Technology in a research report on Tuesday, May 26th. B. Riley Financial upped their price objective on shares of Amkor Technology from $70.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Morgan Stanley increased their price objective on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a research note on Friday. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Amkor Technology presently has an average rating of “Hold” and an average price target of $69.88.

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.