Driehaus Capital Management LLC Acquires Shares of 1,458,746 Amkor Technology, Inc. (NASDAQ:AMKR)

Driehaus Capital Management LLC bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,458,746 shares of the semiconductor company’s stock, valued at approximately $58,379,000. Driehaus Capital Management LLC owned approximately 0.59% of Amkor Technology as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of AMKR. Norges Bank bought a new position in Amkor Technology in the fourth quarter valued at about $39,224,000. Corient Private Wealth LLC increased its position in Amkor Technology by 12.5% during the 4th quarter. Corient Private Wealth LLC now owns 64,341 shares of the semiconductor company’s stock worth $2,141,000 after purchasing an additional 7,150 shares in the last quarter. TFO Wealth Partners LLC increased its position in Amkor Technology by 31,345.2% during the 4th quarter. TFO Wealth Partners LLC now owns 9,748 shares of the semiconductor company’s stock worth $324,000 after purchasing an additional 9,717 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in Amkor Technology in the fourth quarter valued at approximately $526,000. Finally, KBC Group NV boosted its position in Amkor Technology by 20.4% in the fourth quarter. KBC Group NV now owns 100,730 shares of the semiconductor company’s stock valued at $3,351,000 after buying an additional 17,075 shares in the last quarter. Institutional investors own 42.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMKR shares. B. Riley increased their price target on Amkor Technology from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. JPMorgan Chase & Co. started coverage on Amkor Technology in a research note on Monday, July 1st. They set an “overweight” rating and a $48.00 price target on the stock. Morgan Stanley upped their price objective on Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 2nd. KeyCorp started coverage on shares of Amkor Technology in a research report on Friday, September 20th. They set an “overweight” rating and a $38.00 target price on the stock. Finally, Needham & Company LLC upped their price target on shares of Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $40.75.

Amkor Technology Stock Down 3.2 %

Amkor Technology stock opened at $30.89 on Friday. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 20.32 and a beta of 1.85. Amkor Technology, Inc. has a 52-week low of $17.58 and a 52-week high of $44.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 2.08. The firm has a 50 day moving average price of $32.02 and a two-hundred day moving average price of $33.54.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. Amkor Technology’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. Equities analysts predict that Amkor Technology, Inc. will post 1.53 EPS for the current year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd were given a dividend of $0.079 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.02%. Amkor Technology’s payout ratio is 20.39%.

Insider Buying and Selling

In other news, Director Winston J. Churchill sold 20,000 shares of Amkor Technology stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the completion of the sale, the director now owns 19,871 shares in the company, valued at approximately $655,146.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Winston J. Churchill sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the completion of the sale, the director now directly owns 19,871 shares in the company, valued at approximately $655,146.87. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $42.94, for a total value of $1,073,500.00. Following the transaction, the chief executive officer now directly owns 128,333 shares in the company, valued at $5,510,619.02. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by insiders.

Amkor Technology Company Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.