Sujoda Management, Llc Acquires 441,589 Shares of Amkor Technology, Inc. (NASDAQ:AMKR) Stock

Key Points

• Major shareholder Sujoda Management, LLC acquired $9.6 million worth of Amkor Technology (NASDAQ: AMKR) stock, increasing their ownership by 13.19%.
• Amkor reported $0.22 earnings per share for the latest quarter, exceeding analysts' estimates and showing a 3.4% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.0827, with an annualized yield of 1.5%.

Amkor Technology, Inc. (NASDAQ:AMKR - Get Free Report) major shareholder Sujoda Management, Llc acquired 441,589 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $21.85 per share, with a total value of $9,648,719.65. Following the completion of the transaction, the insider directly owned 3,789,479 shares of the company's stock, valued at $82,800,116.15. This trade represents a 13.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Amkor Technology Stock Up 1.1%

NASDAQ:AMKR traded up $0.26 during midday trading on Friday, reaching $23.13. The company had a trading volume of 2,267,183 shares, compared to its average volume of 2,562,687. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 18.80 and a beta of 1.85. The stock's fifty day simple moving average is $21.22 and its 200-day simple moving average is $20.25. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $33.85. The company has a current ratio of 1.89, a quick ratio of 1.70 and a debt-to-equity ratio of 0.28.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its earnings results on Monday, July 28th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.42 billion. Amkor Technology had a return on equity of 7.23% and a net margin of 4.80%. Amkor Technology's revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. On average, sell-side analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 5th were issued a $0.0827 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a yield of 1.4%. Amkor Technology's dividend payout ratio (DPR) is 26.83%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. lifted its holdings in Amkor Technology by 1,050.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,369 shares of the semiconductor company's stock worth $29,000 after buying an additional 1,250 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Amkor Technology during the first quarter worth about $27,000. Bessemer Group Inc. increased its position in shares of Amkor Technology by 421.0% during the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 1,242 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Amkor Technology by 416.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 1,292 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Amkor Technology by 677.0% during the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 1,530 shares in the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMKR has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on Amkor Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $20.00 price objective for the company. DA Davidson decreased their price target on Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley restated an "equal weight" rating on shares of Amkor Technology in a research note on Tuesday, July 29th. B. Riley upped their price target on Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Finally, UBS Group upped their price target on Amkor Technology from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Amkor Technology has an average rating of "Hold" and a consensus target price of $26.44.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.