Sei Investments Co. Boosts Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Sei Investments Co. boosted its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 270.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 277,316 shares of the semiconductor company’s stock after purchasing an additional 202,481 shares during the quarter. Sei Investments Co. owned approximately 0.11% of Amkor Technology worth $11,098,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pineridge Advisors LLC purchased a new stake in Amkor Technology during the fourth quarter worth $28,000. 1620 Investment Advisors Inc. purchased a new stake in Amkor Technology during the second quarter worth $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in Amkor Technology during the second quarter worth $40,000. Headlands Technologies LLC purchased a new stake in Amkor Technology during the first quarter worth $43,000. Finally, Larson Financial Group LLC boosted its position in Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 1,130 shares in the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Amkor Technology Stock Performance

Amkor Technology stock opened at $30.89 on Friday. The firm has a market capitalization of $7.59 billion, a P/E ratio of 20.32 and a beta of 1.85. The stock has a fifty day moving average price of $32.02 and a 200 day moving average price of $33.54. Amkor Technology, Inc. has a 52 week low of $17.58 and a 52 week 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 released its earnings results on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.53 earnings per share for the current year.

Amkor Technology Announces Dividend

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

Wall Street Analyst Weigh In

AMKR has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 2nd. Needham & Company LLC upped their price objective on Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. B. Riley upped 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. KeyCorp started coverage on Amkor Technology in a research report on Friday, September 20th. They issued an “overweight” rating and a $38.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on Amkor Technology in a research report on Monday, July 1st. They issued an “overweight” rating and a $48.00 price objective on the stock. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.75.

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.