14,926 Shares in Amkor Technology, Inc. $AMKR Purchased by Gaddis Premier Wealth Advisors LLC

Gaddis Premier Wealth Advisors LLC acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,926 shares of the semiconductor company’s stock, valued at approximately $672,000.

Several other institutional investors have also added to or reduced their stakes in the business. IFP Advisors Inc boosted its position in Amkor Technology by 91.2% during the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 440 shares during the period. Root Financial Partners LLC lifted its stake in shares of Amkor Technology by 38.8% during the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 262 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Amkor Technology by 61.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 854 shares in the last quarter. Finally, FNY Investment Advisers LLC boosted its holdings in Amkor Technology by 83.5% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock worth $41,000 after buying an additional 670 shares during the period. 42.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMKR shares. Morgan Stanley lifted their price objective on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. B. Riley Financial increased their target price on Amkor Technology from $70.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. UBS Group reaffirmed a “neutral” rating and issued a $80.00 price target on shares of Amkor Technology in a report on Tuesday, May 26th. The Goldman Sachs Group lifted their price target on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen lowered Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $69.88.

Insider Activity at Amkor Technology

In other news, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $71.63, for a total transaction of $358,150.00. Following the completion of the transaction, the executive vice president owned 38,904 shares of the company’s stock, valued at approximately $2,786,693.52. The trade was a 11.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $74.28, for a total transaction of $3,714,000.00. Following the completion of the transaction, the director owned 502,558 shares in the company, valued at approximately $37,330,008.24. This trade represents a 9.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 114,000 shares of company stock valued at $8,631,450 in the last ninety days. Insiders own 26.40% of the company’s stock.

Amkor Technology Trading Down 6.8%

Shares of AMKR stock opened at $63.02 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. Amkor Technology, Inc. has a 52-week low of $20.86 and a 52-week high of $96.68. The company has a market capitalization of $15.62 billion, a PE ratio of 36.01 and a beta of 2.20. The business’s fifty day moving average is $74.45 and its 200 day moving average is $59.78.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.23 by $0.10. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s revenue was up 27.5% on a year-over-year basis. On average, equities research analysts anticipate that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd were given a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Amkor Technology Company Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.