Gateway Investment Advisers LLC Takes $279,000 Position in Amkor Technology, Inc. $AMKR

Gateway Investment Advisers LLC acquired a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,075 shares of the semiconductor company’s stock, valued at approximately $279,000.

A number of other institutional investors also recently bought and sold shares of the stock. Bessemer Group Inc. increased its stake in Amkor Technology by 72.1% during the 3rd quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 391 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of 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 buying an additional 447 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Amkor Technology by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after buying an additional 854 shares during the period. FNY Investment Advisers LLC grew its holdings in shares of Amkor Technology by 83.5% during the third quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 670 shares during the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Amkor Technology during the third quarter valued at $43,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMKR has been the subject of a number of research analyst reports. Melius Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, April 6th. The Goldman Sachs Group boosted their price target on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. B. Riley Financial raised their price objective on Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Needham & Company LLC lifted their target price on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Amkor Technology presently has a consensus rating of “Hold” and a consensus price target of $62.75.

Amkor Technology Stock Performance

NASDAQ AMKR opened at $76.61 on Monday. The company has a market capitalization of $18.99 billion, a PE ratio of 43.78 and a beta of 2.29. The company has a fifty day moving average of $54.59 and a 200 day moving average of $46.52. Amkor Technology, Inc. has a 1 year low of $17.79 and a 1 year high of $79.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.10. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. Research analysts forecast that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were issued a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 12th. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Insider Activity at Amkor Technology

In other news, Director Douglas A. Alexander sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $76.58, for a total transaction of $382,900.00. Following the sale, the director owned 29,109 shares of the company’s stock, valued at $2,229,167.22. This trade represents a 14.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin K. Engel sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $48.75, for a total transaction of $609,375.00. Following the sale, the chief executive officer directly owned 2,953 shares in the company, valued at $143,958.75. The trade was a 80.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 74,500 shares of company stock valued at $4,548,075 in the last 90 days. 26.40% of the stock is currently owned by corporate insiders.

About Amkor Technology

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.