Amkor Technology, Inc. (NASDAQ:AMKR) Holdings Boosted by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 155.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,478 shares of the semiconductor company’s stock after acquiring an additional 17,326 shares during the period. Inspire Investing LLC’s holdings in Amkor Technology were worth $1,140,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. XTX Topco Ltd lifted its holdings in Amkor Technology by 178.1% in the second quarter. XTX Topco Ltd now owns 37,376 shares of the semiconductor company’s stock worth $1,496,000 after acquiring an additional 23,937 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Amkor Technology by 15.7% in the second quarter. First Eagle Investment Management LLC now owns 539,799 shares of the semiconductor company’s stock worth $21,603,000 after acquiring an additional 73,300 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Amkor Technology by 500.3% in the second quarter. Hsbc Holdings PLC now owns 67,020 shares of the semiconductor company’s stock worth $2,704,000 after acquiring an additional 55,856 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Amkor Technology in the second quarter valued at approximately $2,161,000. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Amkor Technology by 12.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,474 shares of the semiconductor company’s stock valued at $737,000 after purchasing an additional 2,058 shares during the period. Institutional investors own 42.76% of the company’s stock.

Insiders Place Their Bets

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

Amkor Technology Price Performance

NASDAQ AMKR opened at $31.65 on Friday. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $44.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.08 and a quick ratio of 1.83. The firm has a market capitalization of $7.78 billion, a PE ratio of 20.82 and a beta of 1.85. The company’s 50 day simple moving average is $33.55 and its 200 day simple moving average is $33.69.

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

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd will be given a $0.079 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.32 annualized dividend and a yield of 1.00%. Amkor Technology’s dividend payout ratio (DPR) is 20.39%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 2nd. B. Riley raised their price target on shares of 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. assumed coverage on shares of Amkor Technology in a research note on Monday, July 1st. They issued an “overweight” rating and a $48.00 price target on the stock. Finally, Needham & Company LLC raised their price target on shares of Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Amkor Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.14.

Amkor Technology 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.