Victory Capital Management Inc. Grows Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Victory Capital Management Inc. boosted its position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 68.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,809 shares of the semiconductor company's stock after purchasing an additional 86,148 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Amkor Technology worth $6,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. 1620 Investment Advisors Inc. purchased a new stake in Amkor Technology in the second quarter valued at approximately $31,000. Ashton Thomas Private Wealth LLC purchased a new position in Amkor Technology in the second quarter worth $40,000. Larson Financial Group LLC grew its position 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 acquiring an additional 1,130 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Amkor Technology during the third quarter valued at about $39,000. Finally, Rothschild Investment LLC bought a new stake in Amkor Technology during the second quarter worth about $52,000. 42.76% of the stock is owned by institutional investors.

Amkor Technology Stock Up 0.7 %

Shares of Amkor Technology stock traded up $0.19 during midday trading on Friday, hitting $26.54. The company had a trading volume of 801,621 shares, compared to its average volume of 1,579,365. The company has a 50 day moving average of $28.85 and a 200 day moving average of $32.69. 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 stock has a market capitalization of $6.55 billion, a P/E ratio of 17.93 and a beta of 1.85. Amkor Technology, Inc. has a 52-week low of $24.10 and a 52-week high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.86 billion during 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%. The business's revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. On average, equities analysts predict that Amkor Technology, Inc. will post 1.42 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.0827 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.33 annualized dividend and a yield of 1.25%. This is a boost from Amkor Technology's previous quarterly dividend of $0.08. Amkor Technology's dividend payout ratio is currently 20.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. DA Davidson reduced their price objective on Amkor Technology from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th. Needham & Company LLC lowered their price objective 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. StockNews.com cut shares of Amkor Technology from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. The Goldman Sachs Group lowered their price target on shares of Amkor Technology from $36.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of Amkor Technology from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Amkor Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.29.

Insider Activity

In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the firm's 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the chief executive officer now owns 204,971 shares of the company's stock, valued at approximately $6,458,636.21. This represents a 4.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.40% of the company's stock.

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.