Dimensional Fund Advisors Expands Investment in Amkor Technology as Semiconductor Demand Increases

Financial Advisors

A recent 13F filing with the Securities and Exchange Commission revealed that Dimensional Fund Advisors LP increased its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 0.3% in the fourth quarter. . The impressive move saw the investment fund increase its stake in the semiconductor company from 15,659,878 shares to a total of 15,711,184 shares. The purchase of an additional 51,306 shares during this period is clear evidence of Dimensional Fund Advisors’ growing confidence in his Amkor Technology.

As of the latest SEC filing on May 14, Dimensional Fund Advisors LP’s total ownership interest represents approximately 6.41% of Amkor Technology’s total value of $5.87 billion. Its current value is $376,754,000.

Amkor Technology recently released its first quarter earnings data on May 1, reporting earnings per share (EPS) of $0.18, in line with analyst consensus expectations. The semiconductor company also achieved his 9.19% net profit margin, making Amkor one of the most profitable companies in his field.

Amkor Technology is a well-known name in the semiconductor packaging industry, providing testing and packaging outsourcing services for semiconductor products worldwide. The company provides design services and engineering support, including package characterization to wafer bumping services, for high-end customers such as Apple and Nvidia.

Demand for semiconductor products, such as those from Amkor Technology, has grown significantly as demand for chips used in breakthrough technologies such as electric vehicles (EVs), artificial intelligence (AI), and Internet of Things (IoT) devices increases. rapidly increasing. to keep up with these rapidly growing technology trends.

Nevertheless, analysts say Amkor will continue to see modest revenue growth as global demand for chipsets increases as more industries continue to adopt EVs, smart devices and AI-based technologies. expected to record Amkor Technology’s continued growth is fueled by continuous innovation in its product offerings, making it a strong competitor in the semiconductor packaging industry.

In conclusion, Dimensional Fund Advisors’ increased stake in Amkor Technology is exactly what semiconductor companies endorse. Despite reported losses due to COVID-19 in 2020, Amkor Technology is slowly recovering and going stronger than ever. With technological advances across several industries driving demand for semiconductors, the future looks bright for Amkor Technology, and stockholders should expect significant returns.

Institutional investors move into Amkor technology stocks, insiders sell

Institutional investors are busy buying and selling shares in Amkor Technology, which outsources semiconductor packaging and testing services. Exchange Traded Concepts LLC purchased $27,000 worth of new stock and Wipfli Financial Advisors LLC acquired his $28,000 worth of stock. Whittier Trust Company of Nevada was another buyer, putting $33,000 into the stock. Meanwhile, CWM LLC increased its position by 39.6% during the third quarter, taking ownership of shares worth $38,000, after acquiring an additional 624 shares in the previous quarter. Finally, Lazard Asset Management LLC purchased $38,000 worth of new stock in her during the first quarter. Institutional investors currently own 38.07% of Amkor Technology’s shares.

Shares of the Tempe-based company opened at $21.19 on Friday, giving it a market capitalization of about $5.21 billion and a price-to-earnings ratio of 8.15. The company traded from a low of $14.89 to a high of $31.38 over the past year, recording a quick ratio of 1.69 and a current ratio of 2:08.

Since its founding in 1986, Amkor Technology operates product development centers supported by production facilities and sales offices around the world.

Recently, several research firms provided their opinions on AMKR stock, and StockNews.com downgraded Amkor Technology’s rating from ‘buy’ to ‘hold’. DA Davidson also lowered its price target from $35 to $32.

Recent news related to Amkor Technology insider trading. Director Gil C. Tilly sold 20,000 shares at an average price of $25.81 per share on February 27, followed by CFO Megan Faust selling 6,000 shares at an average price of $23.29 per share for a total of $139,740. sold for dollars. The insider now owns 53.30% of the company’s total shares, as other insiders have sold the company’s shares worth $51,141,275 in the past three months.

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