MAI Capital Management Has $394,000 Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Posted by Defense World Staff on Aug 24th, 2023

MAI Capital Management trimmed its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 3.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,149 shares of the semiconductor company’s stock after selling 578 shares during the quarter. MAI Capital Management’s holdings in Amkor Technology were worth $394,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its holdings in shares of Amkor Technology by 350.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,311 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 1,020 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Amkor Technology during the first quarter valued at approximately $38,000. Quadrant Capital Group LLC raised its position in shares of Amkor Technology by 109.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,079 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 1,086 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Amkor Technology by 57.3% during the 1st quarter. Advisors Asset Management Inc. now owns 2,936 shares of the semiconductor company’s stock worth $64,000 after buying an additional 1,069 shares during the period. Finally, State of Wyoming grew its stake in Amkor Technology by 54.2% in the 4th quarter. State of Wyoming now owns 4,024 shares of the semiconductor company’s stock valued at $96,000 after buying an additional 1,415 shares during the last quarter. 37.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Megan Faust sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $26.55, for a total transaction of $71,685.00. Following the sale, the chief financial officer now directly owns 35,394 shares in the company, valued at $939,710.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Amkor Technology news, EVP Sung Shin sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $24.93, for a total transaction of $124,650.00. Following the sale, the executive vice president now directly owns 15,418 shares of the company’s stock, valued at $384,370.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Megan Faust sold 2,700 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $26.55, for a total value of $71,685.00. Following the completion of the transaction, the chief financial officer now directly owns 35,394 shares of the company’s stock, valued at $939,710.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,800 shares of company stock worth $411,201. 53.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMKR shares. DA Davidson boosted their target price on shares of Amkor Technology from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. StockNews.com started coverage on Amkor Technology in a research report on Thursday, August 17th. They set a “hold” rating for the company.

Get Our Latest Analysis on AMKR

Amkor Technology Stock Up 3.6 %

Shares of AMKR stock opened at $26.57 on Thursday. The stock has a 50 day moving average of $27.77 and a 200-day moving average of $25.84. The firm has a market cap of $6.53 billion, a PE ratio of 11.31 and a beta of 1.76. The company has a quick ratio of 1.56, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. Amkor Technology, Inc. has a 12 month low of $16.13 and a 12 month high of $31.38.

Amkor Technology (NASDAQ:AMKR – Get Free Report) last issued its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.48 billion. Amkor Technology had a net margin of 8.38% and a return on equity of 15.77%. The business’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. On average, equities analysts predict that Amkor Technology, Inc. will post 1.6 EPS for the current year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th will be issued a $0.075 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.30 annualized dividend and a yield of 1.13%. Amkor Technology’s dividend payout ratio (DPR) is 12.77%.

Amkor Technology Company Profile

(Free Report)

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.