Bleakley Financial Group LLC Makes New $419,000 Investment in Amkor Technology, Inc. $AMKR

Bleakley Financial Group LLC acquired a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,611 shares of the semiconductor company’s stock, valued at approximately $419,000.

Several other institutional investors also recently bought and sold shares of AMKR. Royal Bank of Canada increased its holdings in shares of Amkor Technology by 100.6% in the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock valued at $349,000 after acquiring an additional 3,454,012 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Amkor Technology by 61.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 854 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Amkor Technology by 913.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 6,768 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Amkor Technology by 73.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock valued at $9,476,000 after acquiring an additional 222,107 shares during the period. Finally, Caxton Associates LLP purchased a new position in shares of Amkor Technology in the 1st quarter valued at $271,000. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Melius Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, April 6th. Zacks Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Wall Street Zen downgraded Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Morgan Stanley lifted their price target on Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Needham & Company LLC lifted their price target on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $67.38.

Amkor Technology Stock Performance

Shares of AMKR opened at $69.56 on Friday. The stock has a 50-day moving average of $62.63 and a two-hundred day moving average of $50.57. Amkor Technology, Inc. has a one year low of $17.79 and a one year high of $79.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The stock has a market cap of $17.24 billion, a P/E ratio of 39.75 and a beta of 2.29.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. The firm’s revenue was up 27.5% compared to the same quarter last year. As a group, research analysts predict that Amkor Technology, Inc. will post 2.08 EPS for the current year.

Amkor Technology Announces Dividend

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

Insider Activity at Amkor Technology

In other Amkor Technology news, Director Guillaume Marie Jean Rutten sold 50,000 shares of Amkor Technology stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $74.28, for a total transaction of $3,714,000.00. Following the completion of the sale, the director owned 502,558 shares of the company’s stock, valued at approximately $37,330,008.24. The trade was a 9.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gil C. Tily sold 15,000 shares of Amkor Technology stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $77.30, for a total value of $1,159,500.00. Following the sale, the director directly owned 108,806 shares of the company’s stock, valued at approximately $8,410,703.80. This represents a 12.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 113,000 shares of company stock worth $8,258,950 in the last quarter. 26.40% of the stock is owned by 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.