General American Investors Co. Inc. Takes $3.06 Million Position in Amkor Technology, Inc. (NASDAQ:AMKR)

General American Investors Co. Inc. acquired a new position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 100,000 shares of the semiconductor company's stock, valued at approximately $3,060,000.

Other hedge funds have also recently made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new stake in Amkor Technology in the second quarter worth about $31,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Amkor Technology in the 2nd quarter valued at approximately $40,000. Headlands Technologies LLC bought a new stake in shares of Amkor Technology during the first quarter valued at approximately $43,000. Larson Financial Group LLC grew its stake in Amkor Technology by 911.3% in 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 period. Finally, Rothschild Investment LLC purchased a new stake in Amkor Technology in the second quarter worth $52,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on AMKR shares. DA Davidson dropped their target price on shares of Amkor Technology from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. KeyCorp dropped their price objective on shares of Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. StockNews.com cut shares of Amkor Technology from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. Needham & Company LLC lowered their target price on shares of Amkor Technology from $45.00 to $34.00 and set a "buy" rating for the company in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group cut their price target on Amkor Technology from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.63.

Insider Buying and Selling

In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the transaction, the director now owns 19,871 shares of the company's stock, valued at approximately $655,146.87. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Winston J. Churchill sold 20,000 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the completion of the sale, the director now owns 19,871 shares of the company's stock, valued at $655,146.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the completion of the transaction, the chief executive officer now directly owns 204,971 shares in the company, valued at approximately $6,458,636.21. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by corporate insiders.

Amkor Technology Stock Up 1.4 %

Shares of AMKR traded up $0.38 on Thursday, hitting $27.75. 1,278,378 shares of the stock traded hands, compared to its average volume of 1,339,635. The business has a 50 day simple moving average of $29.83 and a 200 day simple moving average of $33.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. Amkor Technology, Inc. has a one year low of $22.90 and a one year high of $44.86. The company has a market capitalization of $6.84 billion, a PE ratio of 18.98 and a beta of 1.85.

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

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd were given a dividend of $0.079 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.14%. Amkor Technology's dividend payout ratio (DPR) is 20.95%.

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.