Bauman Advisory Group LLC Makes New $380,000 Investment in Amkor Technology, Inc. $AMKR

Bauman Advisory Group LLC acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,433 shares of the semiconductor company’s stock, valued at approximately $380,000.

A number of other hedge funds also recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its stake in Amkor Technology by 180.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 440 shares during the period. Root Financial Partners LLC raised its position in shares of Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 262 shares during the period. IFP Advisors Inc raised its position in shares of Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 447 shares during the period. State of Wyoming acquired a new stake in shares of Amkor Technology during the 4th quarter worth about $41,000. Finally, Quarry LP acquired a new stake in shares of Amkor Technology during the 4th quarter worth about $42,000. 42.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amkor Technology

In other news, Director Winston J. Churchill sold 5,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $78.20, for a total transaction of $391,000.00. Following the completion of the sale, the director directly owned 28,781 shares in the company, valued at approximately $2,250,674.20. This represents a 14.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $86.21, for a total value of $431,050.00. Following the sale, the executive vice president directly owned 38,904 shares in the company, valued at approximately $3,353,913.84. This trade represents a 11.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 114,000 shares of company stock valued at $8,631,450 over the last ninety days. 26.40% of the stock is owned by corporate insiders.

Amkor Technology Price Performance

NASDAQ:AMKR opened at $63.02 on Friday. Amkor Technology, Inc. has a 52 week low of $20.86 and a 52 week high of $96.68. 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 firm’s 50-day simple moving average is $74.45 and its 200 day simple moving average is $59.78. The firm has a market cap of $15.62 billion, a price-to-earnings ratio of 36.01 and a beta of 2.20.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (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 firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. As a group, sell-side analysts predict that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were given 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 yield of 0.5%. Amkor Technology’s dividend payout ratio is currently 18.86%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMKR shares. Morgan Stanley upped their price target on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Needham & Company LLC raised their price objective on shares of Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. UBS Group restated a “neutral” rating and set a $80.00 price objective on shares of Amkor Technology in a report on Tuesday, May 26th. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, April 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research note on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $69.88.

Amkor Technology Company 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.