Amkor Technology, Inc. (NASDAQ:AMKR) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 162.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 194,000 shares of the semiconductor company's stock after buying an additional 120,208 shares during the period. Harvest Fund Management Co. Ltd owned about 0.08% of Amkor Technology worth $5,936,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new stake in Amkor Technology during the 2nd quarter valued at $31,000. Capital Performance Advisors LLP purchased a new position in Amkor Technology in the 3rd quarter worth about $39,000. Ashton Thomas Private Wealth LLC bought a new position in Amkor Technology during the 2nd quarter valued at about $40,000. Larson Financial Group LLC boosted its holdings in shares of Amkor Technology by 911.3% during the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 1,130 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of Amkor Technology during the 2nd quarter valued at about $52,000. Hedge funds and other institutional investors own 42.76% of the company's stock.

Amkor Technology Stock Up 2.1 %

Amkor Technology stock traded up $0.55 during mid-day trading on Monday, reaching $27.09. 632,490 shares of the company were exchanged, compared to its average volume of 1,318,784. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The firm has a market cap of $6.68 billion, a P/E ratio of 18.05 and a beta of 1.85. The business has a fifty day moving average of $28.85 and a 200 day moving average of $32.69. Amkor Technology, Inc. has a 12-month low of $24.10 and a 12-month high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. Amkor Technology's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. Research analysts anticipate 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. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.0827 per share. The ex-dividend date is Wednesday, December 4th. This is an increase from Amkor Technology's previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.22%. Amkor Technology's dividend payout ratio is presently 22.30%.

Analysts Set New Price Targets

A number of research firms have issued reports on AMKR. DA Davidson cut their price target on Amkor Technology from $40.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. KeyCorp reduced their price target on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. StockNews.com cut Amkor Technology from a "buy" rating to a "hold" rating 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 research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Amkor Technology from $48.00 to $42.00 and set an "overweight" 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 five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $36.29.

Insider Transactions at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total value 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. The trade was a 4.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Winston J. Churchill sold 20,000 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the sale, the director now directly owns 19,871 shares of the company's stock, valued at approximately $655,146.87. This trade represents a 50.16 % decrease in their position. The disclosure for this sale can be found here. Insiders own 31.40% of the company's stock.

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.