Andar Capital Management HK Ltd Makes New $2.78 Million Investment in Amkor Technology, Inc. $AMKR

Andar Capital Management HK Ltd bought a new position in Amkor Technology, Inc. (NASDAQ:AMKR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 70,395 shares of the semiconductor company’s stock, valued at approximately $2,779,000. Amkor Technology comprises approximately 3.0% of Andar Capital Management HK Ltd’s portfolio, making the stock its 11th largest position.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Amkor Technology by 4.6% in the third quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company’s stock worth $448,148,000 after acquiring an additional 687,900 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Amkor Technology by 18.4% in the third quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company’s stock worth $119,607,000 after acquiring an additional 653,489 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Amkor Technology by 0.5% in the third quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company’s stock valued at $108,942,000 after purchasing an additional 17,656 shares during the period. Fisher Asset Management LLC increased its stake in shares of Amkor Technology by 204.5% in the fourth quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after purchasing an additional 1,407,109 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Amkor Technology by 17.6% in the third quarter. First Trust Advisors LP now owns 1,981,609 shares of the semiconductor company’s stock valued at $56,277,000 after purchasing an additional 296,057 shares during the period. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Price Performance

NASDAQ AMKR opened at $70.58 on Friday. Amkor Technology, Inc. has a 12 month low of $17.79 and a 12 month high of $79.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. The firm has a market capitalization of $17.49 billion, a PE ratio of 40.33 and a beta of 2.29. The company’s 50 day simple moving average is $62.18 and its 200 day simple moving average is $50.44.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. As a group, equities research analysts forecast that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is currently 18.86%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AMKR shares. B. Riley Financial raised their price target on shares of Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. raised their price target on shares of Amkor Technology from $32.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Needham & Company LLC raised their price target on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group raised their price target on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Finally, Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.38.

Insider Buying and Selling at Amkor Technology

In related news, Director Guillaume Marie Jean Rutten sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $74.28, for a total transaction of $3,714,000.00. Following the transaction, the director owned 502,558 shares in the company, valued at $37,330,008.24. This trade represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roger Anthony Carolin sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $76.24, for a total transaction of $1,524,800.00. Following the transaction, the director owned 94,409 shares in the company, valued at $7,197,742.16. This represents a 17.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 113,000 shares of company stock valued at $8,258,950. 26.40% of the stock is currently owned by company insiders.

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.