Amkor Technology, Inc. (NASDAQ:AMKR) Position Boosted by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 28.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 320,328 shares of the semiconductor company's stock after purchasing an additional 71,625 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.13% of Amkor Technology worth $9,802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AMKR. 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 acquiring an additional 3,772,095 shares during the last quarter. Driehaus Capital Management LLC bought a new position in Amkor Technology during the 2nd quarter valued at $58,379,000. Ceredex Value Advisors LLC bought a new position in Amkor Technology during the 3rd quarter valued at $42,610,000. Millennium Management LLC boosted its stake in Amkor Technology by 359.7% during the 2nd quarter. Millennium Management LLC now owns 1,360,292 shares of the semiconductor company's stock valued at $54,439,000 after acquiring an additional 1,064,404 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Amkor Technology by 212.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock valued at $41,647,000 after acquiring an additional 925,644 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMKR has been the topic of a number of research reports. DA Davidson dropped 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. Morgan Stanley dropped 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. JPMorgan Chase & Co. dropped their target price on shares of Amkor Technology from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group dropped 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. Finally, Needham & Company LLC dropped their target price on shares of Amkor Technology from $45.00 to $34.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.29.

Amkor Technology Stock Performance

Shares of AMKR stock traded up $0.27 during trading hours on Friday, reaching $26.28. The stock had a trading volume of 810,288 shares, compared to its average volume of 1,313,985. 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 twelve month low of $24.10 and a twelve month high of $44.86. The firm has a 50-day simple moving average of $28.06 and a 200-day simple moving average of $32.29. The firm has a market capitalization of $6.48 billion, a PE ratio of 17.66 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released 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). Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the business earned $0.54 EPS. The firm's revenue was up 2.2% on a year-over-year basis. As a group, equities 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 announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.0827 per share. This is a boost from Amkor Technology's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.33 annualized dividend and a yield of 1.26%. Amkor Technology's dividend payout ratio (DPR) is presently 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 dated 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. This trade represents a 4.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.