Ieq Capital LLC bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 154,417 shares of the semiconductor company’s stock, valued at approximately $13,315,000. Ieq Capital LLC owned 0.06% of Amkor Technology as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. IFP Advisors Inc lifted its position in Amkor Technology by 91.2% during 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 in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 440 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 262 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Amkor Technology by 56.4% in the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 158 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of 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 acquiring an additional 854 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.
Amkor Technology Price Performance
Shares of AMKR stock opened at $50.26 on Friday. The company has a market capitalization of $12.49 billion, a PE ratio of 22.54 and a beta of 2.24. The firm has a fifty day simple moving average of $66.41 and a 200-day simple moving average of $61.06. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.50. Amkor Technology, Inc. has a twelve month low of $23.22 and a twelve month high of $96.68.
Amkor Technology Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 2nd. Amkor Technology’s payout ratio is presently 14.80%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on AMKR. B. Riley Financial decreased their price target on shares of Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. The Goldman Sachs Group raised their price objective on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. UBS Group upgraded Amkor Technology from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $90.00 in a research note on Friday, July 24th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Amkor Technology in a research note on Tuesday, July 28th. Finally, Morgan Stanley upped their target price on Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Amkor Technology currently has an average rating of “Moderate Buy” and a consensus price target of $68.12.
Insiders Place Their Bets
In other Amkor Technology news, Director Douglas A. Alexander sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $55.81, for a total transaction of $279,050.00. Following the sale, the director directly owned 29,109 shares in the company, valued at $1,624,573.29. The trade was a 14.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Winston J. Churchill sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $78.20, for a total value of $391,000.00. Following the completion of the transaction, the director directly owned 28,781 shares in the company, valued at approximately $2,250,674.20. The trade was a 14.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 50,221 shares of company stock valued at $3,059,887. Insiders own 26.40% 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.
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