Atlas Capital Advisors LLC Purchases 4,415 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Atlas Capital Advisors LLC raised its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 119.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,116 shares of the semiconductor company’s stock after purchasing an additional 4,415 shares during the period. Atlas Capital Advisors LLC’s holdings in Amkor Technology were worth $262,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMKR. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Amkor Technology during the fourth quarter valued at $8,550,000. Vanguard Group Inc. boosted its position in shares of Amkor Technology by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 14,756,992 shares of the semiconductor company’s stock valued at $490,965,000 after acquiring an additional 959,838 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Amkor Technology by 2.6% during the fourth quarter. Fisher Asset Management LLC now owns 87,364 shares of the semiconductor company’s stock worth $2,907,000 after purchasing an additional 2,207 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Amkor Technology by 6.0% in the fourth quarter. Wellington Management Group LLP now owns 200,833 shares of the semiconductor company’s stock worth $6,682,000 after purchasing an additional 11,452 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Amkor Technology by 4.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,410,504 shares of the semiconductor company’s stock valued at $46,927,000 after purchasing an additional 63,104 shares in the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Trading Down 0.6 %

Shares of AMKR stock opened at $38.86 on Friday. The business has a 50-day moving average of $33.58 and a 200 day moving average of $32.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.34 and a quick ratio of 2.08. Amkor Technology, Inc. has a 1-year low of $17.58 and a 1-year high of $40.58. The stock has a market capitalization of $9.55 billion, a PE ratio of 25.57 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.13. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s revenue was down 7.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Amkor Technology, Inc. will post 1.78 earnings per share for the current year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Tuesday, June 4th were given a $0.079 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Tuesday, June 4th. Amkor Technology’s payout ratio is 20.39%.

Analyst Ratings Changes

AMKR has been the topic of a number of research analyst reports. DA Davidson increased their price target on shares of Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Morgan Stanley raised their price target on Amkor Technology from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Fox Advisors initiated coverage on Amkor Technology in a report on Thursday, March 14th. They issued an “equal weight” rating for the company. The Goldman Sachs Group raised their price objective on Amkor Technology from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, B. Riley upped their target price on Amkor Technology from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.50.

Insider Activity

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $31.17, for a total value of $779,250.00. Following the sale, the chief executive officer now directly owns 114,476 shares of the company’s stock, valued at $3,568,216.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Mark N. Rogers sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $31.30, for a total value of $156,500.00. Following the completion of the sale, the executive vice president now directly owns 25,280 shares of the company’s stock, valued at approximately $791,264. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $31.17, for a total transaction of $779,250.00. Following the sale, the chief executive officer now directly owns 114,476 shares in the company, valued at approximately $3,568,216.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,000 shares of company stock valued at $2,414,000. Insiders own 31.40% of the company’s stock.

About Amkor Technology

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.