Fmr LLC Has $47.60 Million Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

FMR LLC boosted its position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 35.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,555,392 shares of the semiconductor company's stock after purchasing an additional 409,241 shares during the period. FMR LLC owned about 0.63% of Amkor Technology worth $47,595,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in Amkor Technology by 5.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 105,521 shares of the semiconductor company's stock valued at $3,229,000 after acquiring an additional 5,307 shares during the period. West Tower Group LLC raised its holdings in Amkor Technology by 100.0% in the 3rd quarter. West Tower Group LLC now owns 4,000 shares of the semiconductor company's stock valued at $122,000 after acquiring an additional 2,000 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in Amkor Technology by 162.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 194,000 shares of the semiconductor company's stock valued at $5,936,000 after acquiring an additional 120,208 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Amkor Technology in the 3rd quarter valued at about $1,566,000. Finally, Fisher Asset Management LLC raised its holdings in Amkor Technology by 15.4% in the 3rd quarter. Fisher Asset Management LLC now owns 210,379 shares of the semiconductor company's stock valued at $6,438,000 after acquiring an additional 28,137 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on AMKR shares. KeyCorp lowered their price target on shares of Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. DA Davidson lowered their target price on shares of Amkor Technology from $40.00 to $36.00 and set a "buy" rating on the stock 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 report on Tuesday, October 29th. Morgan Stanley lowered their target price 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, StockNews.com cut shares of Amkor Technology from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.29.

Amkor Technology Price Performance

NASDAQ:AMKR traded up $0.27 during mid-day trading on Friday, reaching $26.28. The stock had a trading volume of 810,288 shares, compared to its average volume of 1,006,714. The stock has a 50-day simple moving average of $27.97 and a two-hundred day simple moving average of $32.24. The stock has a market capitalization of $6.48 billion, a PE ratio of 17.76 and a beta of 1.84. 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 12 month low of $24.10 and a 12 month high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced 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). Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the business earned $0.54 earnings per share. The business's revenue was up 2.2% compared to the same quarter last year. On average, equities analysts anticipate that Amkor Technology, Inc. will post 1.42 earnings per share for the current year.

Amkor Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th will be given a $0.0827 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.33 dividend on an annualized basis and a yield of 1.26%. This is a positive change from Amkor Technology's previous quarterly dividend of $0.08. Amkor Technology's dividend payout ratio (DPR) 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 firm'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 sale, the chief executive officer now owns 204,971 shares in the company, valued at $6,458,636.21. This trade represents a 4.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company 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.