GHP Investment Advisors Inc. Has $1.11 Million Holdings in Amkor Technology, Inc. $AMKR

GHP Investment Advisors Inc. cut its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 72.6% during the 1st quarter, Holdings Channel reports. The firm owned 24,610 shares of the semiconductor company’s stock after selling 65,192 shares during the period. GHP Investment Advisors Inc.’s holdings in Amkor Technology were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC raised its holdings in shares of Amkor Technology by 204.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock worth $82,712,000 after buying an additional 1,407,109 shares in the last quarter. UBS Group AG lifted its position in shares of Amkor Technology by 205.5% during the 4th quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company’s stock worth $49,534,000 after buying an additional 843,983 shares during the last quarter. Black Swift Group LLC acquired a new stake in Amkor Technology in the fourth quarter valued at about $797,000. GF Fund Management CO. LTD. bought a new position in Amkor Technology in the fourth quarter valued at about $4,868,000. Finally, Jefferies Financial Group Inc. acquired a new position in Amkor Technology during the fourth quarter worth about $841,000. 42.76% of the stock is currently owned by institutional investors.

Insider Activity at Amkor Technology

In related news, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $71.63, for a total value of $358,150.00. Following the sale, the executive vice president owned 38,904 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gil C. Tily sold 15,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $77.30, for a total value of $1,159,500.00. Following the completion of the sale, the director owned 108,806 shares of the company’s stock, valued at $8,410,703.80. The trade was a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,000 shares of company stock valued at $8,928,600 in the last quarter. Insiders own 26.40% of the company’s stock.

Amkor Technology Stock Performance

Shares of AMKR stock opened at $78.72 on Friday. The firm has a market capitalization of $19.51 billion, a price-to-earnings ratio of 44.98 and a beta of 2.25. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The business’s 50-day moving average price is $74.59 and its 200-day moving average price is $56.80. Amkor Technology, Inc. has a 12 month low of $20.59 and a 12 month high of $96.68.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.10. The company had revenue of $1.68 billion during 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 was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Equities research analysts forecast that Amkor Technology, Inc. will post 2.08 EPS for the current year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd were given a $0.0835 dividend. This represents a $0.33 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, June 3rd. Amkor Technology’s dividend payout ratio is 18.86%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, April 6th. Needham & Company LLC increased their price objective on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. B. Riley Financial raised their target price on shares of Amkor Technology from $70.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, UBS Group reaffirmed a “neutral” rating and set a $80.00 target price on shares of Amkor Technology in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Amkor Technology has an average rating of “Hold” and a consensus target price of $69.88.

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.