Dynamic Technology Lab Private Ltd Invests $1.57 Million in Amkor Technology, Inc. (NASDAQ:AMKR)

Dynamic Technology Lab Private Ltd purchased a new position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 51,164 shares of the semiconductor company's stock, valued at approximately $1,566,000.

A number of other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in Amkor Technology by 15.4% during the 3rd quarter. Fisher Asset Management LLC now owns 210,379 shares of the semiconductor company's stock valued at $6,438,000 after purchasing an additional 28,137 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Amkor Technology by 46.3% during the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company's stock valued at $56,000 after acquiring an additional 580 shares in the last quarter. Cerity Partners LLC raised its holdings in Amkor Technology by 145.5% in the 3rd quarter. Cerity Partners LLC now owns 324,148 shares of the semiconductor company's stock worth $9,919,000 after acquiring an additional 192,093 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Amkor Technology by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,878,912 shares of the semiconductor company's stock valued at $57,495,000 after acquiring an additional 88,226 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Amkor Technology by 24,383.3% during the 3rd quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company's stock valued at $115,899,000 after purchasing an additional 3,772,095 shares during the last quarter. Institutional investors own 42.76% of the company's stock.

Analyst Ratings Changes

AMKR has been the subject of several recent analyst reports. KeyCorp decreased their price target on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. 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 report on Tuesday, October 29th. The Goldman Sachs Group lowered their target price on shares of Amkor Technology from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 29th. 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 report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.29.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total value of $315,100.00. Following the completion of the transaction, the chief executive officer now directly owns 204,971 shares in the company, valued at $6,458,636.21. This represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.40% of the stock is currently owned by corporate insiders.

Amkor Technology Stock Performance

Shares of NASDAQ AMKR traded down $0.61 during midday trading on Tuesday, hitting $26.28. 947,012 shares of the company's stock traded hands, compared to its average volume of 1,319,858. The firm has a fifty day moving average of $28.78 and a 200 day moving average of $32.65. Amkor Technology, Inc. has a 1 year low of $24.10 and a 1 year high of $44.86. 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 $6.48 billion, a price-to-earnings ratio of 17.74 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its earnings results on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). The business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The firm's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. On average, analysts forecast that Amkor Technology, Inc. will post 1.42 earnings per share for the current year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.26%. The ex-dividend date is Wednesday, December 4th. This is a positive change 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.