First Trust Advisors LP Raises Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Posted by Defense World Staff on Mar 11th, 2023

First Trust Advisors LP grew its holdings in Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 857,220 shares of the semiconductor company’s stock after buying an additional 19,933 shares during the quarter. First Trust Advisors LP owned approximately 0.35% of Amkor Technology worth $14,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ronald Blue Trust Inc. purchased a new position in shares of Amkor Technology in the 2nd quarter worth $35,000. State of Alaska Department of Revenue boosted its position in shares of Amkor Technology by 167.7% during the third quarter. State of Alaska Department of Revenue now owns 261,134 shares of the semiconductor company’s stock valued at $4,451,000 after buying an additional 163,577 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Amkor Technology by 6.8% in the second quarter. Principal Financial Group Inc. now owns 392,204 shares of the semiconductor company’s stock valued at $6,648,000 after purchasing an additional 25,044 shares during the period. Divisar Capital Management LLC raised its stake in Amkor Technology by 1.2% in the second quarter. Divisar Capital Management LLC now owns 432,640 shares of the semiconductor company’s stock worth $7,333,000 after buying an additional 5,000 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. raised its stake in Amkor Technology by 615.4% in the second quarter. Hussman Strategic Advisors Inc. now owns 186,000 shares of the semiconductor company’s stock worth $3,153,000 after buying an additional 160,000 shares in the last quarter. Hedge funds and other institutional investors own 38.07% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Amkor Technology from a “hold” rating to a “buy” rating in a research report on Saturday.

Insider Activity at Amkor Technology

In related news, Director Gil C. Tily sold 20,000 shares of Amkor Technology stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $25.81, for a total value of $516,200.00. Following the completion of the sale, the director now owns 137,924 shares in the company, valued at approximately $3,559,818.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $25.68, for a total value of $770,400.00. Following the completion of the transaction, the chief executive officer now owns 170,000 shares of the company’s stock, valued at approximately $4,365,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gil C. Tily sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $25.81, for a total transaction of $516,200.00. Following the completion of the transaction, the director now directly owns 137,924 shares of the company’s stock, valued at approximately $3,559,818.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,026,250 shares of company stock worth $51,436,355. Insiders own 56.50% of the company’s stock.

Amkor Technology Stock Down 2.4 %

AMKR stock opened at $25.36 on Friday. The firm has a 50-day moving average of $27.95 and a two-hundred day moving average of $24.00. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 8.15 and a beta of 1.76. The company has a current ratio of 1.99, a quick ratio of 1.61 and a debt-to-equity ratio of 0.29. Amkor Technology, Inc. has a 12 month low of $14.89 and a 12 month high of $31.38.

Amkor Technology (NASDAQ:AMKR – Get Rating) last announced its quarterly earnings results on Monday, February 13th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.85 billion. Amkor Technology had a return on equity of 22.57% and a net margin of 10.80%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 EPS. As a group, analysts forecast that Amkor Technology, Inc. will post 2.15 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Tuesday, February 28th will be issued a $0.075 dividend. The ex-dividend date is Monday, February 27th. This represents a $0.30 annualized dividend and a yield of 1.18%. Amkor Technology’s dividend payout ratio (DPR) is presently 9.65%.

Amkor Technology Profile

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Amkor Technology, Inc provides outsourced semiconductor packaging and test services. Its services include design, package characterization, test and wafer bumping services. The firm’s operations include production facilities, product development centers, and sales and support offices. The company was founded in 1986 and is headquartered in Tempe, AZ.