Amkor Technology, Inc. (NASDAQ:AMKR) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,094,296 shares of the semiconductor company's stock after purchasing an additional 131,106 shares during the period. Geode Capital Management LLC owned approximately 0.85% of Amkor Technology worth $64,101,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in Amkor Technology in the second quarter valued at about $40,000. Larson Financial Group LLC grew its holdings in Amkor Technology by 911.3% during the 2nd 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 bought a new stake in shares of Amkor Technology in the 3rd quarter worth about $39,000. Rothschild Investment LLC bought a new position in shares of Amkor Technology during the second quarter worth about $52,000. Finally, Ulland Investment Advisors LLC acquired a new position in Amkor Technology in the third quarter worth about $82,000. Institutional investors and hedge funds own 42.76% of the company's stock.

Insiders Place Their Bets

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 sale, the chief executive officer now directly owns 204,971 shares in the company, valued at approximately $6,458,636.21. The trade was a 4.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMKR. The Goldman Sachs Group lowered their price target on Amkor Technology from $36.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, October 29th. Morgan Stanley reduced 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 research report on Tuesday, October 29th. DA Davidson lowered 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 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. Finally, JPMorgan Chase & Co. lowered their target price on Amkor Technology from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Amkor Technology has an average rating of "Moderate Buy" and an average target price of $36.29.

Amkor Technology Stock Performance

Amkor Technology stock traded up $0.14 during mid-day trading on Friday, hitting $25.27. 4,238,581 shares of the company's stock traded hands, compared to its average volume of 1,328,996. Amkor Technology, Inc. has a one year low of $24.10 and a one year high of $44.86. The company has a market cap of $6.23 billion, a PE ratio of 17.07 and a beta of 1.84. The firm has a 50 day moving average price of $27.19 and a 200 day moving average price of $31.78. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The business'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 company earned $0.54 EPS. On average, equities analysts forecast that Amkor Technology, Inc. will post 1.42 EPS for the current year.

Amkor Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 4th will be issued a dividend of $0.0827 per share. This is a boost from Amkor Technology's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.33 annualized dividend and a yield of 1.31%. Amkor Technology's payout ratio is presently 22.30%.

Amkor Technology 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.