Westwood Holdings Group Inc. Has $44.54 Million Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Westwood Holdings Group Inc. boosted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,112,942 shares of the semiconductor company’s stock after buying an additional 9,324 shares during the period. Westwood Holdings Group Inc. owned approximately 0.45% of Amkor Technology worth $44,540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMKR. BNP Paribas Financial Markets lifted its stake in shares of Amkor Technology by 17.6% in the 4th quarter. BNP Paribas Financial Markets now owns 36,186 shares of the semiconductor company’s stock valued at $1,204,000 after purchasing an additional 5,408 shares during the period. Principal Financial Group Inc. lifted its stake in Amkor Technology by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 438,698 shares of the semiconductor company’s stock valued at $14,595,000 after buying an additional 12,846 shares during the period. Norges Bank bought a new position in Amkor Technology during the fourth quarter worth about $39,224,000. Corient Private Wealth LLC grew its position in shares of 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 buying an additional 7,150 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Amkor Technology by 3.5% in the 4th quarter. Assetmark Inc. now owns 12,874 shares of the semiconductor company’s stock valued at $428,000 after acquiring an additional 438 shares during the last quarter. 42.76% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the 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 directly owns 128,333 shares of the company’s stock, valued at $5,510,619.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Winston J. Churchill sold 20,000 shares of the firm’s stock in a transaction dated 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 directly owns 19,871 shares in the company, valued at approximately $655,146.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction dated 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 owns 128,333 shares of the company’s stock, valued at approximately $5,510,619.02. The disclosure for this sale can be found here. 31.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Amkor Technology Stock Down 2.2 %

AMKR stock opened at $30.96 on Friday. The business has a 50-day moving average of $33.12 and a 200-day moving average of $33.66. Amkor Technology, Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $44.86. The stock has a market capitalization of $7.61 billion, a P/E ratio of 20.37 and a beta of 1.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.08 and a quick ratio of 1.83.

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

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.079 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.02%. Amkor Technology’s dividend payout ratio is 20.39%.

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.