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

Westwood Holdings Group Inc. raised its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 0.8% during the 2nd quarter, Holdings Channel reports. The fund owned 1,112,942 shares of the semiconductor company’s stock after acquiring an additional 9,324 shares during the period. Westwood Holdings Group Inc.’s holdings in Amkor Technology were worth $44,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AMKR. SG Americas Securities LLC lifted its holdings in Amkor Technology by 1.3% during the 2nd quarter. SG Americas Securities LLC now owns 23,694 shares of the semiconductor company’s stock worth $948,000 after purchasing an additional 296 shares during the last quarter. CWM LLC boosted its position in shares of Amkor Technology by 15.1% in the second quarter. CWM LLC now owns 2,359 shares of the semiconductor company’s stock valued at $94,000 after acquiring an additional 309 shares during the period. Retirement Systems of Alabama grew its stake in shares of Amkor Technology by 0.3% in the first quarter. Retirement Systems of Alabama now owns 129,621 shares of the semiconductor company’s stock valued at $4,179,000 after acquiring an additional 344 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Amkor Technology by 3.5% in the first quarter. QRG Capital Management Inc. now owns 11,837 shares of the semiconductor company’s stock valued at $382,000 after acquiring an additional 405 shares in the last quarter. Finally, Assetmark Inc. increased its position in Amkor Technology by 3.5% during the fourth quarter. Assetmark Inc. now owns 12,874 shares of the semiconductor company’s stock worth $428,000 after acquiring an additional 438 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Trading Down 2.2 %

Shares of Amkor Technology stock opened at $30.96 on Friday. The firm’s 50 day moving average is $33.12 and its 200 day moving average is $33.66. The firm has a market capitalization of $7.61 billion, a PE ratio of 20.37 and a beta of 1.85. Amkor Technology, Inc. has a 1 year low of $17.58 and a 1 year high of $44.86. The company has a current ratio of 2.08, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23.

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

Amkor Technology Dividend Announcement

The company also recently declared 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Tuesday, September 3rd. Amkor Technology’s payout ratio is 20.39%.

Analyst Ratings Changes

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

Insider Activity

In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the sale, the director now directly owns 19,871 shares of the company’s stock, valued at approximately $655,146.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total transaction of $659,400.00. Following the completion of the transaction, the director now owns 19,871 shares in the company, valued at approximately $655,146.87. 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.