Ellevest Inc. reduced its stake in Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 58.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,340 shares of the semiconductor company’s stock after selling 1,914 shares during the quarter. Ellevest Inc.’s holdings in Amkor Technology were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Earnest Partners LLC raised its stake in shares of Amkor Technology by 280.0% during the fourth quarter. Earnest Partners LLC now owns 1,794,499 shares of the semiconductor company’s stock worth $43,032,000 after acquiring an additional 1,322,267 shares in the last quarter. Norges Bank bought a new position in shares of Amkor Technology in the fourth quarter worth approximately $20,372,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Amkor Technology by 477.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,011,219 shares of the semiconductor company’s stock worth $24,249,000 after purchasing an additional 836,109 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Amkor Technology by 63.4% in the first quarter. Goldman Sachs Group Inc. now owns 898,438 shares of the semiconductor company’s stock worth $19,514,000 after purchasing an additional 348,491 shares during the last quarter. Finally, SW Investment Management LLC grew its holdings in shares of Amkor Technology by 9.1% in the first quarter. SW Investment Management LLC now owns 3,000,000 shares of the semiconductor company’s stock worth $65,165,000 after purchasing an additional 250,000 shares during the last quarter. 37.80% of the stock is owned by hedge funds and other institutional investors.
Amkor Technology Stock Performance
NASDAQ:AMKR opened at $28.20 on Friday. The stock has a market cap of $6.93 billion, a P/E ratio of 12.00 and a beta of 1.76. The firm’s fifty day simple moving average is $27.68 and its 200 day simple moving average is $26.15. Amkor Technology, Inc. has a twelve month low of $16.13 and a twelve month high of $31.38. The company has a quick ratio of 1.69, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.
Amkor Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Tuesday, June 6th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Monday, June 5th. Amkor Technology’s dividend payout ratio (DPR) is presently 12.77%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on AMKR shares. StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. DA Davidson lifted their price target on shares of Amkor Technology from $32.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, August 1st.
Insider Activity
In other news, CFO Megan Faust sold 2,700 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $22.66, for a total transaction of $61,182.00. Following the sale, the chief financial officer now owns 35,394 shares in the company, valued at approximately $802,028.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Sung Shin sold 5,000 shares of Amkor Technology stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $24.93, for a total value of $124,650.00. Following the completion of the transaction, the executive vice president now owns 15,418 shares of the company’s stock, valued at approximately $384,370.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Megan Faust sold 2,700 shares of Amkor Technology stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $22.66, for a total value of $61,182.00. Following the completion of the transaction, the chief financial officer now directly owns 35,394 shares of the company’s stock, valued at approximately $802,028.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,800 shares of company stock worth $405,450. Corporate insiders own 53.30% of the company’s stock.
Amkor Technology Profile
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and 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.
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