Mutual of America Capital Management LLC Grows Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

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Mutual of America Capital Management LLC raised its position in Amkor Technology, Inc. (NASDAQ:AMKRGet Rating) by 2.0% during the first quarter, Holdings Channel.com reports. The firm owned 91,438 shares of the semiconductor company’s stock after buying an additional 1,756 shares during the period. Mutual of America Capital Management LLC’s holdings in Amkor Technology were worth $1,986,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMKR. Steward Partners Investment Advisory LLC increased its position in Amkor Technology by 9.3% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 6,974 shares of the semiconductor company’s stock worth $151,000 after purchasing an additional 591 shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in Amkor Technology during the 1st quarter worth approximately $963,000. Foster & Motley Inc. increased its position in Amkor Technology by 16.8% during the 1st quarter. Foster & Motley Inc. now owns 76,643 shares of the semiconductor company’s stock worth $1,665,000 after purchasing an additional 11,037 shares in the last quarter. Comerica Bank grew its position in Amkor Technology by 1.7% in the first quarter. Comerica Bank now owns 46,436 shares of the semiconductor company’s stock valued at $918,000 after acquiring an additional 776 shares in the last quarter. Finally, Dupont Capital Management Corp grew its position in Amkor Technology by 47.6% in the first quarter. Dupont Capital Management Corp now owns 62,211 shares of the semiconductor company’s stock valued at $1,351,000 after acquiring an additional 20,052 shares in the last quarter. 59.68% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Stock Performance

AMKR stock opened at $20.17 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.49 and a current ratio of 1.81. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 7.04 and a beta of 1.53. Amkor Technology, Inc. has a 1 year low of $14.89 and a 1 year high of $29.50. The stock’s fifty day moving average is $18.11 and its two-hundred day moving average is $20.19.

Amkor Technology (NASDAQ:AMKRGet Rating) last released its earnings results on Monday, May 2nd. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The firm had revenue of $1.60 billion for the quarter. Amkor Technology had a return on equity of 24.26% and a net margin of 10.83%. On average, research analysts predict that Amkor Technology, Inc. will post 2.7 EPS for the current year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 27th. Investors of record on Tuesday, June 7th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 6th. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%. Amkor Technology’s dividend payout ratio is currently 7.09%.

Insider Buying and Selling

In related news, CFO Megan Faust sold 6,000 shares of Amkor Technology stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $19.90, for a total value of $119,400.00. Following the transaction, the chief financial officer now owns 8,512 shares of the company’s stock, valued at approximately $169,388.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 56.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson started coverage on Amkor Technology in a research note on Wednesday, June 29th. They set a “buy” rating and a $30.00 target price for the company.

Amkor Technology Company Profile

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Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.

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