Wipfli Financial Advisors LLC Invests $28,000 in Amkor Technology, Inc. (NASDAQ:AMKR)

Wipfli Financial Advisors LLC bought a new position in Amkor Technology, Inc. (NASDAQ:AMKRGet Rating) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,639 shares of the semiconductor company’s stock, valued at approximately $28,000.

Other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC acquired a new stake in Amkor Technology during the 3rd quarter valued at $494,000. Denali Advisors LLC increased its holdings in Amkor Technology by 289.1% during the 3rd quarter. Denali Advisors LLC now owns 202,294 shares of the semiconductor company’s stock valued at $3,449,000 after purchasing an additional 150,300 shares in the last quarter. Ronald Blue Trust Inc. increased its holdings in Amkor Technology by 128.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 3,691 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 2,073 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Amkor Technology by 167.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 261,134 shares of the semiconductor company’s stock valued at $4,451,000 after purchasing an additional 163,577 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in Amkor Technology by 20.8% during the 3rd quarter. SummerHaven Investment Management LLC now owns 46,761 shares of the semiconductor company’s stock valued at $797,000 after purchasing an additional 8,055 shares in the last quarter. 38.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amkor Technology

In other news, CEO Guillaume Marie Jean Rutten sold 30,000 shares of the firm’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $30.73, for a total value of $921,900.00. Following the transaction, the chief executive officer now directly owns 155,000 shares in the company, valued at approximately $4,763,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 30,000 shares of Amkor Technology stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $30.73, for a total transaction of $921,900.00. Following the transaction, the chief executive officer now directly owns 155,000 shares in the company, valued at $4,763,150. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Farshad Haghighi sold 16,076 shares of Amkor Technology stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $27.13, for a total value of $436,141.88. Following the transaction, the executive vice president now owns 434 shares in the company, valued at $11,774.42. The disclosure for this sale can be found here. Insiders have sold 247,076 shares of company stock worth $6,440,362 in the last three months. Insiders own 56.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMKR. StockNews.com initiated coverage on Amkor Technology in a report on Wednesday, October 12th. They set a “buy” rating for the company. DA Davidson decreased their price objective on Amkor Technology to $30.00 in a research report on Friday, November 4th.

Amkor Technology Stock Down 3.1 %

Shares of AMKR opened at $28.92 on Friday. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 8.71 and a beta of 1.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.42 and a current ratio of 1.79. The business’s fifty day moving average price is $26.91 and its two-hundred day moving average price is $21.95. Amkor Technology, Inc. has a 52 week low of $14.89 and a 52 week high of $31.36.

Amkor Technology (NASDAQ:AMKRGet Rating) last announced its quarterly earnings data on Monday, October 31st. The semiconductor company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.32. Amkor Technology had a return on equity of 25.47% and a net margin of 11.84%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the company earned $0.74 EPS. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. On average, analysts predict that Amkor Technology, Inc. will post 3.14 earnings per share for the current year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 27th. Stockholders of record on Tuesday, December 6th were given a $0.075 dividend. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, December 5th. Amkor Technology’s dividend payout ratio (DPR) is currently 9.04%.

Amkor Technology Profile

(Get Rating)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.

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Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

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