Gaddis Premier Wealth Advisors LLC Purchases Shares of 14,926 Amkor Technology, Inc. $AMKR

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

Other large investors also recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in Amkor Technology by 204.5% during the fourth quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock worth $82,712,000 after acquiring an additional 1,407,109 shares in the last quarter. UBS Group AG increased its stake in Amkor Technology by 205.5% in the fourth quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company’s stock valued at $49,534,000 after purchasing an additional 843,983 shares in the last quarter. Black Swift Group LLC bought a new stake in Amkor Technology in the fourth quarter valued at $797,000. GF Fund Management CO. LTD. acquired a new position in shares of Amkor Technology during the fourth quarter valued at about $4,868,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Amkor Technology during the fourth quarter valued at about $841,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

AMKR has been the subject of several research reports. The Goldman Sachs Group raised their target price on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, April 6th. Morgan Stanley increased their price target on Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Needham & Company LLC raised their price objective on Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, UBS Group restated a “neutral” rating and set a $80.00 price objective on shares of Amkor Technology in a report on Tuesday, May 26th. Four investment 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 stock presently has a consensus rating of “Hold” and an average price target of $69.88.

Amkor Technology Stock Performance

Shares of Amkor Technology stock opened at $63.02 on Friday. The business’s fifty day simple moving average is $74.45 and its 200 day simple moving average is $59.78. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. Amkor Technology, Inc. has a 12 month low of $20.86 and a 12 month high of $96.68. The firm has a market capitalization of $15.62 billion, a P/E ratio of 36.01 and a beta of 2.20.

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

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd were given a $0.0835 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.33 annualized dividend and a yield of 0.5%. Amkor Technology’s payout ratio is currently 18.86%.

Insiders Place Their Bets

In other news, Director Gil C. Tily sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $77.30, for a total transaction of $1,159,500.00. Following the completion of the sale, the director owned 108,806 shares in the company, valued at $8,410,703.80. This trade represents a 12.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Winston J. Churchill sold 5,000 shares of Amkor Technology stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $78.20, for a total transaction of $391,000.00. Following the completion of the sale, the director directly owned 28,781 shares in the company, valued at $2,250,674.20. This trade represents a 14.80% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 114,000 shares of company stock valued at $8,631,450. Company insiders own 26.40% of the company’s stock.

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.