Universal Beteiligungs und Servicegesellschaft mbH Trims Position in Amkor Technology, Inc. $AMKR

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 214,764 shares of the semiconductor company’s stock after selling 27,568 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Amkor Technology were worth $6,099,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vest Financial LLC purchased a new position in Amkor Technology during the third quarter worth about $207,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Amkor Technology by 53.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 59,386 shares of the semiconductor company’s stock worth $1,767,000 after buying an additional 20,710 shares during the last quarter. CFC Planning Co LLC purchased a new stake in shares of Amkor Technology during the 3rd quarter valued at approximately $253,000. Sequoia Financial Advisors LLC lifted its holdings in Amkor Technology by 19.1% in the third quarter. Sequoia Financial Advisors LLC now owns 17,630 shares of the semiconductor company’s stock valued at $501,000 after acquiring an additional 2,826 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new position in Amkor Technology in the third quarter worth approximately $219,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Stock Performance

Shares of Amkor Technology stock opened at $50.39 on Tuesday. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 40.31 and a beta of 1.99. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.77 and a quick ratio of 1.60. The business has a 50-day moving average of $43.01 and a 200 day moving average of $32.78. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $55.17.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, October 27th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. Amkor Technology had a net margin of 4.77% and a return on equity of 7.26%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were paid a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, December 3rd. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s payout ratio is currently 26.40%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. The Goldman Sachs Group restated a “neutral” rating on shares of Amkor Technology in a research report on Friday, January 9th. B. Riley boosted their price objective on shares of Amkor Technology from $29.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research report on Wednesday, January 21st. DA Davidson lifted their price target on shares of Amkor Technology from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Finally, Zacks Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.14.

Insider Activity at Amkor Technology

In other news, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $49.28, for a total value of $246,400.00. Following the sale, the executive vice president directly owned 23,862 shares in the company, valued at approximately $1,175,919.36. This trade represents a 17.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin Engel sold 11,000 shares of Amkor Technology stock in a transaction on Friday, December 12th. The shares were sold at an average price of $46.21, for a total value of $508,310.00. Following the completion of the transaction, the executive vice president owned 349 shares of the company’s stock, valued at approximately $16,127.29. This trade represents a 96.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 96,000 shares of company stock worth $4,085,910 over the last 90 days. 26.90% of the stock is currently owned by corporate insiders.

Amkor Technology 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.