Amkor Technology, Inc. (NASDAQ:AMKR) Position Boosted by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 15.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,379 shares of the semiconductor company's stock after purchasing an additional 28,137 shares during the quarter. Fisher Asset Management LLC owned about 0.09% of Amkor Technology worth $6,438,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMKR. Pacer Advisors Inc. raised its stake 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 worth $115,899,000 after purchasing an additional 3,772,095 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Amkor Technology during the 2nd quarter worth approximately $58,379,000. Ceredex Value Advisors LLC acquired a new stake in shares of Amkor Technology in the 3rd quarter valued at approximately $42,610,000. Millennium Management LLC boosted its stake in shares of Amkor Technology by 359.7% in the second quarter. Millennium Management LLC now owns 1,360,292 shares of the semiconductor company's stock valued at $54,439,000 after buying an additional 1,064,404 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Amkor Technology by 212.6% during the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock worth $41,647,000 after acquiring an additional 925,644 shares during the period. Institutional investors and hedge funds own 42.76% of the company's stock.

Wall Street Analysts Forecast Growth

AMKR has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Amkor Technology from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. Morgan Stanley cut their target price on shares of Amkor Technology from $35.00 to $26.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th. 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. KeyCorp cut their target price on shares of Amkor Technology from $38.00 to $34.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. Finally, 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. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.29.

Amkor Technology Trading Up 1.6 %

NASDAQ AMKR traded up $0.42 during mid-day trading on Friday, hitting $26.44. The company's stock had a trading volume of 511,282 shares, compared to its average volume of 1,314,122. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. Amkor Technology, Inc. has a 52-week low of $24.10 and a 52-week high of $44.86. The stock's fifty day simple moving average is $28.50 and its two-hundred day simple moving average is $32.51. The firm has a market capitalization of $6.52 billion, a P/E ratio of 17.86 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results 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 business 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 firm'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 earnings per share. Research analysts expect that Amkor Technology, Inc. will post 1.42 EPS 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 $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a boost from Amkor Technology's previous quarterly dividend of $0.08. Amkor Technology's dividend payout ratio is currently 22.30%.

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 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 completion of the transaction, the chief executive officer now directly owns 204,971 shares of the company's stock, valued at $6,458,636.21. This represents a 4.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 31.40% of the stock is owned by corporate insiders.

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.