Himension Capital Singapore PTE. LTD. Buys Shares of 40,451 Amkor Technology, Inc. $AMKR

Himension Capital Singapore PTE. LTD. bought a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the first quarter, Holdings Channel reports. The fund bought 40,451 shares of the semiconductor company’s stock, valued at approximately $1,822,000.

Several other large investors also recently modified their holdings of the stock. Bessemer Group Inc. raised its holdings in shares of Amkor Technology by 12.5% in the 1st quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 135 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in Amkor Technology by 2.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock valued at $387,000 after purchasing an additional 202 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Amkor Technology by 0.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock worth $1,430,000 after buying an additional 218 shares during the last quarter. Evolve Private Wealth LLC raised its stake in shares of Amkor Technology by 3.0% in the first quarter. Evolve Private Wealth LLC now owns 7,615 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 222 shares during the period. Finally, Strs Ohio grew its stake in shares of Amkor Technology by 8.6% during the 1st quarter. Strs Ohio now owns 2,971 shares of the semiconductor company’s stock worth $134,000 after acquiring an additional 235 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Insider Activity at Amkor Technology

In other Amkor Technology news, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $86.21, for a total value of $431,050.00. Following the transaction, the executive vice president owned 38,904 shares in the company, valued at approximately $3,353,913.84. The trade was a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Megan Faust sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $70.30, for a total transaction of $70,300.00. Following the transaction, the chief financial officer directly owned 132,138 shares of the company’s stock, valued at approximately $9,289,301.40. This trade represents a 0.75% decrease in their ownership of the stock. 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. Insiders own 26.40% of the company’s stock.

Analyst Ratings Changes

AMKR has been the subject of several recent research reports. UBS Group reissued a “neutral” rating and issued a $80.00 price objective on shares of Amkor Technology in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a report on Friday. Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday. B. Riley Financial lifted their target price on shares of Amkor Technology from $70.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Finally, The Goldman Sachs Group boosted their price target on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.88.

Amkor Technology Stock Up 6.7%

AMKR stock opened at $66.73 on Wednesday. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of 38.13 and a beta of 2.20. 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, Inc. has a 1-year low of $20.86 and a 1-year high of $96.68. The company’s 50 day moving average is $73.76 and its 200 day moving average is $60.28.

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

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were issued 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 was Wednesday, June 3rd. Amkor Technology’s dividend payout ratio is currently 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.