Bridgewater Associates LP Has $13.59 Million Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Bridgewater Associates LP raised its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 444,127 shares of the semiconductor company's stock after buying an additional 21,476 shares during the period. Bridgewater Associates LP owned approximately 0.18% of Amkor Technology worth $13,590,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SG Americas Securities LLC raised its holdings in shares of Amkor Technology by 1.3% during the second quarter. SG Americas Securities LLC now owns 23,694 shares of the semiconductor company's stock valued at $948,000 after acquiring an additional 296 shares during the period. CWM LLC raised its stake in Amkor Technology by 15.1% during the 2nd quarter. CWM LLC now owns 2,359 shares of the semiconductor company's stock valued at $94,000 after purchasing an additional 309 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Amkor Technology by 8.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,188 shares of the semiconductor company's stock valued at $168,000 after purchasing an additional 333 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Amkor Technology by 1.7% in the third quarter. Ritholtz Wealth Management now owns 21,717 shares of the semiconductor company's stock worth $665,000 after buying an additional 357 shares during the period. Finally, SummerHaven Investment Management LLC grew its holdings in shares of Amkor Technology by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 25,314 shares of the semiconductor company's stock valued at $1,013,000 after buying an additional 461 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Stock Up 1.6 %

Shares of Amkor Technology stock traded up $0.42 during midday trading on Friday, reaching $26.44. 511,282 shares of the company's stock traded hands, compared to its average volume of 1,314,122. Amkor Technology, Inc. has a 52 week low of $24.10 and a 52 week high of $44.86. The company's 50 day simple moving average is $28.50 and its 200 day simple moving average is $32.51. 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 company has a market cap of $6.52 billion, a price-to-earnings ratio of 17.86 and a beta of 1.85.

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 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 firm's revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. Equities analysts expect that Amkor Technology, Inc. will post 1.42 earnings per share for the current fiscal 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 issued a dividend of $0.0827 per share. This is an increase from Amkor Technology's previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, December 4th. Amkor Technology's dividend payout ratio is currently 22.30%.

Analyst Upgrades and Downgrades

AMKR has been the subject of several research analyst reports. DA Davidson reduced their price objective 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. JPMorgan Chase & Co. decreased their price target on shares of Amkor Technology from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. KeyCorp lowered 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 report on Tuesday, October 29th. StockNews.com downgraded shares of Amkor Technology from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. Finally, Morgan Stanley dropped 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 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $36.29.

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the transaction, the chief executive officer now owns 204,971 shares of the company's stock, 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 SEC, which is available through this hyperlink. 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.