Amkor Technology, Inc. (NASDAQ:AMKR) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 522.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,134,106 shares of the semiconductor company’s stock after purchasing an additional 951,764 shares during the quarter. Wellington Management Group LLP owned about 0.46% of Amkor Technology worth $34,704,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 1620 Investment Advisors Inc. acquired a new stake in Amkor Technology in the 2nd quarter worth about $31,000. Capital Performance Advisors LLP acquired a new stake in shares of Amkor Technology in the third quarter worth approximately $39,000. Ashton Thomas Private Wealth LLC purchased a new stake in Amkor Technology in the second quarter valued at approximately $40,000. Larson Financial Group LLC increased its position in Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in Amkor Technology during the second quarter worth approximately $52,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Down 1.2 %

Shares of NASDAQ:AMKR opened at $26.38 on Friday. The company has a 50 day moving average of $27.72 and a two-hundred day moving average of $32.06. Amkor Technology, Inc. has a 52-week low of $24.10 and a 52-week high of $44.86. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 17.82 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. As a group, analysts forecast that Amkor Technology, Inc. will post 1.42 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 4th will be issued a $0.0827 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.33 dividend on an annualized basis and a yield of 1.25%. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is currently 22.30%.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the transaction, the chief executive officer now directly owns 204,971 shares in the company, valued at $6,458,636.21. This represents a 4.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 31.40% of the stock is owned by insiders.

Analysts Set New Price Targets

AMKR has been the topic of several research reports. JPMorgan Chase & Co. cut their target price on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. KeyCorp cut their price objective on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Needham & Company LLC decreased their target price on Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Morgan Stanley cut their price target on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Finally, DA Davidson decreased their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.29.

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.