Allspring Global Investments Holdings LLC Has $15.48 Million Stake in Amkor Technology, Inc. $AMKR

Allspring Global Investments Holdings LLC lifted its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 117.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 332,900 shares of the semiconductor company’s stock after buying an additional 179,896 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Amkor Technology were worth $15,477,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AMKR. Smartleaf Asset Management LLC grew its position in Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 440 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Amkor Technology by 91.2% during the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 447 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Amkor Technology by 38.8% during the 4th 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 in the last quarter. State of Wyoming bought a new position in shares of Amkor Technology during the 4th quarter valued at $41,000. Finally, Quarry LP acquired a new stake in shares of Amkor Technology in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $66.73 on Wednesday. The business has a 50 day moving average price of $73.76 and a 200 day moving average price of $60.28. Amkor Technology, Inc. has a twelve month low of $20.86 and a twelve month high of $96.68. The company has a market cap of $16.54 billion, a price-to-earnings ratio of 38.13 and a beta of 2.20. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. Research 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. Shareholders of record on Wednesday, June 3rd were issued a $0.0835 dividend. 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 18.86%.

Insider Buying and Selling

In other news, Director Winston J. Churchill sold 5,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $78.20, for a total transaction of $391,000.00. Following the transaction, the director owned 28,781 shares in the company, valued at approximately $2,250,674.20. The trade was a 14.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the company’s stock in a transaction dated 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 $37,330,008.24. This represents a 9.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 114,000 shares of company stock worth $8,631,450. 26.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on AMKR. The Goldman Sachs Group increased their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research report on Friday. Needham & Company LLC upped their price target on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, April 6th. Finally, B. Riley Financial raised their price objective on Amkor Technology from $70.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Amkor Technology currently has an average rating of “Hold” and a consensus target price of $69.88.

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.