Andar Capital Management HK Ltd Makes New $2.78 Million Investment in Amkor Technology, Inc. $AMKR

Key Points

• Andar Capital Management HK Ltd opened a new position in Amkor Technology, buying 70,395 shares valued at about $2.78 million. The stake represents 3.0% of the fund’s holdings and its 11th largest position.
• Amkor reported strong quarterly results, with EPS of $0.33 beating estimates and revenue of $1.68 billion topping forecasts. Revenue rose 27.5% year over year, and analysts now expect full-year EPS of 2.08.
• The company also announced a quarterly dividend of $0.0835 per share, payable June 23, while insiders have recently sold shares. Despite the stock trading near its 52-week high, Wall Street’s average rating remains Hold with a $67.38 price target.

Andar Capital Management HK Ltd purchased a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 70,395 shares of the semiconductor company's stock, valued at approximately $2,779,000. Amkor Technology comprises 3.0% of Andar Capital Management HK Ltd's holdings, making the stock its 11th largest position.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Amkor Technology by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,779,847 shares of the semiconductor company's stock worth $448,148,000 after buying an additional 687,900 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Amkor Technology by 18.4% during the 3rd quarter. AQR Capital Management LLC now owns 4,211,529 shares of the semiconductor company's stock worth $119,607,000 after buying an additional 653,489 shares during the last quarter. American Century Companies Inc. lifted its holdings in Amkor Technology by 0.5% during the 3rd quarter. American Century Companies Inc. now owns 3,835,987 shares of the semiconductor company's stock worth $108,942,000 after buying an additional 17,656 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in 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 during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Amkor Technology by 17.6% during the 3rd quarter. First Trust Advisors LP now owns 1,981,609 shares of the semiconductor company's stock worth $56,277,000 after buying an additional 296,057 shares during the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Stock Down 2.2%

AMKR opened at $70.58 on Friday. The business's 50-day simple moving average is $62.18 and its 200-day simple moving average is $50.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. Amkor Technology, Inc. has a one year low of $17.79 and a one year high of $79.23. The stock has a market capitalization of $17.49 billion, a P/E ratio of 40.33 and a beta of 2.29.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $1.68 billion for 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 firm's revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. Analysts anticipate that Amkor Technology, Inc. will post 2.08 EPS for the current year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.0835 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.33 annualized dividend and a dividend yield of 0.5%. Amkor Technology's dividend payout ratio (DPR) is presently 18.86%.

Insider Buying and Selling at Amkor Technology

In other news, Director Douglas A. Alexander sold 5,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.58, for a total transaction of $382,900.00. Following the transaction, the director owned 29,109 shares of the company's stock, valued at approximately $2,229,167.22. This trade represents a 14.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Roger Anthony Carolin sold 20,000 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $76.24, for a total transaction of $1,524,800.00. Following the transaction, the director directly owned 94,409 shares in the company, valued at $7,197,742.16. The trade was a 17.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 113,000 shares of company stock valued at $8,258,950. Corporate insiders own 26.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AMKR shares. B. Riley Financial lifted their price target on Amkor Technology from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. lifted their price target on Amkor Technology from $32.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, February 10th. Wall Street Zen cut Amkor Technology from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Amkor Technology in a research report on Monday, April 20th. Finally, UBS Group reiterated a "neutral" rating and set a $80.00 target price on shares of Amkor Technology in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Amkor Technology currently has an average rating of "Hold" and an average price target of $67.38.

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.

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