Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in Amkor Technology, Inc. $AMKR

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) during the first quarter, HoldingsChannel reports. The fund acquired 8,064 shares of the semiconductor company’s stock, valued at approximately $363,000.

Several other hedge funds also recently bought and sold shares of AMKR. AQR Capital Management LLC lifted its position in shares of 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 valued at $119,607,000 after acquiring an additional 653,489 shares in the last quarter. State Street Corp boosted its position in shares of Amkor Technology by 1.4% during the 4th quarter. State Street Corp now owns 3,473,925 shares of the semiconductor company’s stock valued at $137,151,000 after acquiring an additional 47,514 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Amkor Technology by 37.4% in the 4th quarter. First Trust Advisors LP now owns 2,722,310 shares of the semiconductor company’s stock worth $107,477,000 after buying an additional 740,701 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Amkor Technology by 204.5% in the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock worth $82,712,000 after buying an additional 1,407,109 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Amkor Technology by 23.2% during the 4th quarter. Morgan Stanley now owns 1,806,649 shares of the semiconductor company’s stock valued at $71,327,000 after buying an additional 340,262 shares in the last quarter. Institutional investors own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMKR. Melius Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, April 6th. B. Riley Financial lifted their price objective on shares of Amkor Technology from $70.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Needham & Company LLC boosted their price objective on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Morgan Stanley raised their target price on shares of Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $69.88.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $69.65 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $17.26 billion, a PE ratio of 39.80 and a beta of 2.20. The stock’s fifty day simple moving average is $75.51 and its two-hundred day simple moving average is $58.02. Amkor Technology, Inc. has a 12-month low of $20.59 and a 12-month high of $96.68.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results 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 company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Amkor Technology’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. As a group, analysts expect that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

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

Insider Buying and Selling

In related news, Director Gil C. Tily sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $77.30, for a total transaction of $1,159,500.00. Following the sale, the director directly owned 108,806 shares of the company’s stock, valued at $8,410,703.80. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of Amkor Technology 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 directly owned 502,558 shares of the company’s stock, valued at approximately $37,330,008.24. This trade represents a 9.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,000 shares of company stock worth $8,928,600 in the last quarter. 26.40% of the stock is currently owned by corporate insiders.

Amkor Technology Profile

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.