Barclays PLC Grows Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Barclays PLC raised its position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 99.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 405,400 shares of the semiconductor company's stock after buying an additional 202,218 shares during the period. Barclays PLC owned 0.16% of Amkor Technology worth $12,406,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of AMKR. Pacer Advisors Inc. increased its position in shares of Amkor Technology by 24,383.3% during the third quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company's stock valued at $115,899,000 after acquiring an additional 3,772,095 shares during the last quarter. Driehaus Capital Management LLC bought a new position in Amkor Technology in the 2nd quarter valued at $58,379,000. Ceredex Value Advisors LLC purchased a new stake in shares of Amkor Technology during the 3rd quarter valued at $42,610,000. Millennium Management LLC raised its stake in shares of Amkor Technology by 359.7% during the 2nd quarter. Millennium Management LLC now owns 1,360,292 shares of the semiconductor company's stock worth $54,439,000 after purchasing an additional 1,064,404 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Amkor Technology by 522.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,134,106 shares of the semiconductor company's stock worth $34,704,000 after buying an additional 951,764 shares during the last quarter. Institutional investors own 42.76% of the company's stock.

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the sale, the chief executive officer now owns 204,971 shares of the company's stock, valued at approximately $6,458,636.21. This trade represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 31.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of Amkor Technology from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. Needham & Company LLC decreased their price target on shares of Amkor Technology from $45.00 to $34.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. Morgan Stanley dropped their price objective on Amkor Technology from $35.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 29th. The Goldman Sachs Group reduced their price objective on Amkor Technology from $36.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, October 29th. Finally, KeyCorp lowered their target price on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $36.29.

Amkor Technology Stock Performance

Shares of NASDAQ:AMKR traded up $0.44 during trading on Monday, hitting $26.98. 1,334,485 shares of the company were exchanged, compared to its average volume of 1,315,279. Amkor Technology, Inc. has a 52-week low of $24.10 and a 52-week high of $44.86. The stock has a 50 day moving average of $27.58 and a 200 day moving average of $31.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The company has a market cap of $6.65 billion, a PE ratio of 18.23 and a beta of 1.84.

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 (EPS) 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 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 revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. As a group, equities research analysts predict that Amkor Technology, Inc. will post 1.42 EPS for the current year.

Amkor Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 4th will be paid a dividend of $0.0827 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.33 annualized dividend and a yield of 1.23%. This is a boost from Amkor Technology's previous quarterly dividend of $0.08. Amkor Technology's payout ratio is currently 22.30%.

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.