Vanguard Group Inc. Boosts Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Vanguard Group Inc. grew its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,797,154 shares of the semiconductor company’s stock after buying an additional 1,300,745 shares during the quarter. Vanguard Group Inc. owned 5.61% of Amkor Technology worth $311,816,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in Amkor Technology in the first quarter worth about $38,000. Chilton Capital Management LLC purchased a new position in Amkor Technology in the first quarter valued at approximately $52,000. Advisors Asset Management Inc. grew its holdings in Amkor Technology by 57.3% during the first quarter. Advisors Asset Management Inc. now owns 2,936 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 1,069 shares during the period. CWM LLC grew its holdings in Amkor Technology by 81.1% during the third quarter. CWM LLC now owns 3,661 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 1,640 shares during the period. Finally, State of Wyoming increased its position in Amkor Technology by 54.2% in the fourth quarter. State of Wyoming now owns 4,024 shares of the semiconductor company’s stock worth $96,000 after buying an additional 1,415 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMKR shares. B. Riley increased their price target on Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Fox Advisors started coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They issued an “equal weight” rating for the company. StockNews.com raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Finally, The Goldman Sachs Group started coverage on shares of Amkor Technology in a report on Thursday, February 29th. They issued a “neutral” rating and a $32.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Amkor Technology has a consensus rating of “Moderate Buy” and an average target price of $33.20.

Insider Buying and Selling

In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $32.00, for a total value of $86,400.00. Following the sale, the chief financial officer now owns 35,394 shares of the company’s stock, valued at approximately $1,132,608. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Megan Faust sold 2,700 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $32.00, for a total value of $86,400.00. Following the transaction, the chief financial officer now owns 35,394 shares of the company’s stock, valued at approximately $1,132,608. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total transaction of $765,750.00. Following the sale, the chief executive officer now directly owns 123,728 shares of the company’s stock, valued at $3,789,788.64. The disclosure for this sale can be found here. Insiders sold a total of 58,200 shares of company stock worth $1,801,870 over the last ninety days. 53.30% of the stock is owned by corporate insiders.

Amkor Technology Trading Up 3.7 %

Shares of AMKR opened at $32.73 on Thursday. Amkor Technology, Inc. has a twelve month low of $17.58 and a twelve month high of $37.00. The stock has a market cap of $8.05 billion, a PE ratio of 22.42 and a beta of 1.96. The company has a quick ratio of 2.02, a current ratio of 2.31 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $31.90 and its 200-day moving average price is $28.32.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, February 12th. The semiconductor company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm posted $0.67 EPS. Amkor Technology’s revenue was down 8.1% on a year-over-year basis. On average, equities analysts forecast that Amkor Technology, Inc. will post 1.63 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Tuesday, March 12th will be paid a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Monday, March 11th. Amkor Technology’s dividend payout ratio is 21.23%.

Amkor Technology Company Profile

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.