Bauman Advisory Group LLC Invests $380,000 in Amkor Technology, Inc. $AMKR

Bauman Advisory Group LLC purchased a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) during the 1st quarter, Holdings Channel.com reports. The firm purchased 8,433 shares of the semiconductor company’s stock, valued at approximately $380,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Amkor Technology by 180.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 440 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of Amkor Technology by 38.8% in the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 262 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Amkor Technology by 91.2% in the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 447 shares during the last quarter. State of Wyoming bought a new position in shares of Amkor Technology in the 4th quarter valued at $41,000. Finally, Quarry LP acquired a new position in shares of Amkor Technology during the 4th quarter worth $42,000. 42.76% of the stock is owned by institutional investors.

Amkor Technology Trading Down 6.8%

NASDAQ AMKR opened at $63.02 on Friday. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 36.01 and a beta of 2.20. Amkor Technology, Inc. has a twelve month low of $20.86 and a twelve month high of $96.68. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average is $74.45 and its 200 day moving average is $59.78.

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

Amkor Technology Announces Dividend

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

Insiders Place Their Bets

In other Amkor Technology news, Director Winston J. Churchill sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $76.45, for a total transaction of $535,150.00. Following the sale, the director directly owned 18,888 shares of the company’s stock, valued at $1,443,987.60. The trade was a 27.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gil C. Tily sold 15,000 shares of the company’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 transaction, the director owned 108,806 shares of the company’s stock, valued at approximately $8,410,703.80. This trade represents a 12.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 114,000 shares of company stock worth $8,631,450 over the last quarter. 26.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMKR shares. Wall Street Zen downgraded Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. UBS Group reissued a “neutral” rating and set a $80.00 target price on shares of Amkor Technology in a research note on Tuesday, May 26th. Melius Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, April 6th. Morgan Stanley raised their price target on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Finally, The Goldman Sachs Group lifted their price target on shares of Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Amkor Technology currently has an average rating of “Hold” and a consensus target price of $69.88.

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.