GHP Investment Advisors Inc. increased its holdings in Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,986 shares of the semiconductor company’s stock after acquiring an additional 3,447 shares during the period. GHP Investment Advisors Inc.’s holdings in Amkor Technology were worth $3,601,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in AMKR. Norges Bank acquired a new stake in shares of Amkor Technology in the 4th quarter worth about $39,224,000. Vanguard Group Inc. raised its holdings in shares of Amkor Technology by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 14,756,992 shares of the semiconductor company’s stock worth $490,965,000 after acquiring an additional 959,838 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Amkor Technology by 54.4% in the 2nd quarter. American Century Companies Inc. now owns 1,673,314 shares of the semiconductor company’s stock worth $66,966,000 after acquiring an additional 589,530 shares during the last quarter. M&G Plc purchased a new stake in Amkor Technology in the 1st quarter valued at about $11,435,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Amkor Technology in the 1st quarter valued at about $10,034,000. Institutional investors and hedge funds own 42.76% of the company’s stock.
Amkor Technology Stock Up 2.8 %
Amkor Technology stock opened at $30.66 on Friday. Amkor Technology, Inc. has a twelve month low of $17.58 and a twelve month high of $44.86. The firm has a 50 day moving average price of $34.24 and a 200-day moving average price of $33.69. The company has a market capitalization of $7.55 billion, a P/E ratio of 20.17 and a beta of 1.85. The company has a quick ratio of 1.83, a current ratio of 2.08 and a debt-to-equity ratio of 0.23.
Amkor Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd will be issued a $0.079 dividend. This represents a $0.32 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, September 3rd. Amkor Technology’s dividend payout ratio (DPR) is presently 20.39%.
Insider Buying and Selling
In related news, Director Winston J. Churchill sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the completion of the transaction, the director now directly owns 19,871 shares of the company’s stock, valued at approximately $655,146.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $42.94, for a total value of $1,073,500.00. Following the completion of the transaction, the chief executive officer now directly owns 128,333 shares of the company’s stock, valued at approximately $5,510,619.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Winston J. Churchill sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the completion of the transaction, the director now directly owns 19,871 shares of the company’s stock, valued at $655,146.87. The disclosure for this sale can be found here. 31.40% of the stock is owned by insiders.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Needham & Company LLC increased their price objective on shares of Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. B. Riley increased their price objective on shares of Amkor Technology from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. JPMorgan Chase & Co. assumed coverage on shares of Amkor Technology in a research note on Monday, July 1st. They issued an “overweight” rating and a $48.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amkor Technology currently has an average rating of “Moderate Buy” and a consensus price target of $41.14.
Amkor Technology Profile
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.
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