American International Group Inc. Lowers Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Posted by Defense World Staff on Jun 4th, 2023

American International Group Inc. trimmed its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,409 shares of the semiconductor company’s stock after selling 2,136 shares during the quarter. American International Group Inc. owned approximately 0.08% of Amkor Technology worth $4,878,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AMKR. Oregon Public Employees Retirement Fund increased its holdings in shares of Amkor Technology by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,539 shares of the semiconductor company’s stock valued at $708,000 after acquiring an additional 344 shares during the period. SummerHaven Investment Management LLC raised its holdings in Amkor Technology by 0.8% in the fourth quarter. SummerHaven Investment Management LLC now owns 47,158 shares of the semiconductor company’s stock worth $1,131,000 after purchasing an additional 397 shares in the last quarter. Stock Yards Bank & Trust Co. lifted its position in shares of Amkor Technology by 1.5% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 27,602 shares of the semiconductor company’s stock valued at $662,000 after buying an additional 399 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Amkor Technology by 11.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,808 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 506 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its holdings in shares of Amkor Technology by 13.3% in the 4th quarter. Janiczek Wealth Management LLC now owns 4,976 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 586 shares in the last quarter. Institutional investors own 38.07% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AMKR. StockNews.com initiated coverage on shares of Amkor Technology in a research note on Thursday, May 18th. They set a “hold” rating for the company. DA Davidson reduced their price target on Amkor Technology from $35.00 to $32.00 in a research report on Tuesday, May 2nd.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $26.01 on Friday. Amkor Technology, Inc. has a fifty-two week low of $14.89 and a fifty-two week high of $31.38. The company has a market cap of $6.39 billion, a PE ratio of 10.00 and a beta of 1.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.69 and a current ratio of 2.08. The business has a 50-day simple moving average of $23.45 and a two-hundred day simple moving average of $25.79.

Amkor Technology (NASDAQ:AMKR – Get Rating) last released its earnings results on Monday, May 1st. The semiconductor company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Amkor Technology had a net margin of 9.19% and a return on equity of 18.08%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the business earned $0.69 EPS. Amkor Technology’s revenue for the quarter was down 7.8% on a year-over-year basis. As a group, equities analysts expect that Amkor Technology, Inc. will post 1.7 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Tuesday, June 6th will be paid a $0.075 dividend. The ex-dividend date is Monday, June 5th. This represents a $0.30 dividend on an annualized basis and a yield of 1.15%. Amkor Technology’s dividend payout ratio (DPR) is 11.54%.

Insiders Place Their Bets

In other news, CEO Guillaume Marie Jean Rutten sold 30,000 shares of the stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $24.19, for a total value of $725,700.00. Following the transaction, the chief executive officer now directly owns 134,808 shares of the company’s stock, valued at $3,261,005.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Guillaume Marie Jean Rutten sold 30,000 shares of the company’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $24.19, for a total value of $725,700.00. Following the sale, the chief executive officer now directly owns 134,808 shares of the company’s stock, valued at approximately $3,261,005.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Megan Faust sold 6,000 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $24.08, for a total transaction of $144,480.00. Following the completion of the sale, the chief financial officer now owns 35,394 shares in the company, valued at approximately $852,287.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,700 shares of company stock valued at $1,788,702. 53.30% of the stock is owned by company insiders.

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.