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ARK Investment Management LLC purchased a new stake in Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 8,214 shares of the semiconductor company’s stock, valued at approximately $178,000.
A number of other hedge funds have also modified their holdings of the business. Diversified Trust Co boosted its position in Amkor Technology by 5.2% in the 4th quarter. Diversified Trust Co now owns 18,627 shares of the semiconductor company’s stock valued at $462,000 after buying an additional 918 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Amkor Technology in the 4th quarter valued at approximately $25,000. Signaturefd LLC boosted its position in Amkor Technology by 269.8% in the 4th quarter. Signaturefd LLC now owns 1,505 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 1,098 shares during the period. Profund Advisors LLC boosted its position in Amkor Technology by 9.1% in the 4th quarter. Profund Advisors LLC now owns 13,304 shares of the semiconductor company’s stock valued at $330,000 after buying an additional 1,112 shares during the period. Finally, Byrne Asset Management LLC boosted its position in Amkor Technology by 80.0% in the 1st quarter. Byrne Asset Management LLC now owns 2,678 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 1,190 shares during the period. 59.68% of the stock is owned by institutional investors.
Shares of AMKR opened at $16.95 on Friday. Amkor Technology, Inc. has a twelve month low of $16.26 and a twelve month high of $29.50. The firm’s fifty day simple moving average is $18.81 and its 200-day simple moving average is $21.07. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 6.01 and a beta of 1.50. The company has a current ratio of 1.81, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35.
Amkor Technology (NASDAQ:AMKR – Get Rating) last announced its quarterly earnings results on Monday, May 2nd. The semiconductor company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.55 by $0.14. Amkor Technology had a net margin of 10.83% and a return on equity of 24.26%. The firm had revenue of $1.60 billion for the quarter.
The business also recently declared a quarterly dividend, which was paid on Monday, June 27th. Investors of record on Tuesday, June 7th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 6th. This represents a $0.20 annualized dividend and a yield of 1.18%. Amkor Technology’s dividend payout ratio is currently 7.09%.
Several equities analysts have commented on AMKR shares. StockNews.com assumed coverage on shares of Amkor Technology in a research report on Thursday, March 31st. They issued a “buy” rating for the company. DA Davidson assumed coverage on shares of Amkor Technology in a report on Wednesday. They issued a “buy” rating and a $30.00 price objective on the stock.
In related news, CFO Megan Faust sold 6,000 shares of Amkor Technology stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $19.90, for a total transaction of $119,400.00. Following the sale, the chief financial officer now directly owns 8,512 shares in the company, valued at approximately $169,388.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 56.50% of the stock is owned by company insiders.
About Amkor Technology (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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