M&G PLC decreased its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,440 shares of the semiconductor company's stock after selling 30,543 shares during the period. M&G PLC owned approximately 0.12% of Amkor Technology worth $9,004,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in AMKR. BNP Paribas Financial Markets raised its stake in Amkor Technology by 108.6% during the first quarter. BNP Paribas Financial Markets now owns 75,470 shares of the semiconductor company's stock valued at $2,433,000 after purchasing an additional 39,284 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Amkor Technology by 30.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 24,869 shares of the semiconductor company's stock valued at $802,000 after acquiring an additional 5,824 shares during the last quarter. Texas Permanent School Fund Corp grew its position in Amkor Technology by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 90,339 shares of the semiconductor company's stock worth $2,913,000 after acquiring an additional 1,172 shares in the last quarter. Duality Advisers LP bought a new stake in Amkor Technology during the first quarter worth approximately $849,000. Finally, Quantbot Technologies LP bought a new stake in shares of Amkor Technology in the 1st quarter valued at approximately $1,257,000. 42.76% of the stock is owned by institutional investors.
Amkor Technology Trading Down 1.4 %
AMKR stock traded down $0.39 during mid-day trading on Friday, reaching $27.36. The company had a trading volume of 1,028,119 shares, compared to its average volume of 1,600,301. The firm has a 50 day moving average of $29.62 and a 200 day moving average of $33.04. 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 $22.90 and a 12 month high of $44.86. The company has a market capitalization of $6.75 billion, a PE ratio of 18.49 and a beta of 1.85.
Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Amkor Technology, Inc. will post 1.42 earnings per share for the current fiscal year.
Amkor Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd were paid a $0.079 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Tuesday, September 3rd. Amkor Technology's dividend payout ratio (DPR) is presently 20.95%.
Analysts Set New Price Targets
Several research firms have recently weighed in on AMKR. StockNews.com downgraded Amkor Technology from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. Needham & Company LLC reduced their target price on shares of Amkor Technology from $45.00 to $34.00 and set a "buy" 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 for the company in a research note on Tuesday, October 29th. DA Davidson cut their price target 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. Finally, The Goldman Sachs Group decreased their price objective on shares of Amkor Technology from $36.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.63.
Check Out Our Latest Stock Analysis on Amkor Technology
Insiders Place Their Bets
In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business'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 sale, the chief executive officer now owns 204,971 shares in the company, valued at approximately $6,458,636.21. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the transaction, the chief executive officer now directly owns 204,971 shares in the company, valued at approximately $6,458,636.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Winston J. Churchill sold 20,000 shares of the company's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the sale, the director now owns 19,871 shares of the company's stock, valued at $655,146.87. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is owned by company insiders.
About Amkor Technology
(
Free Report)
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.
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