Ceredex Value Advisors LLC Buys New Shares in Amkor Technology, Inc. (NASDAQ:AMKR)

Ceredex Value Advisors LLC bought a new position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,392,500 shares of the semiconductor company's stock, valued at approximately $42,610,000. Ceredex Value Advisors LLC owned approximately 0.57% of Amkor Technology at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Amkor Technology by 1.5% during the first quarter. Vanguard Group Inc. now owns 14,976,630 shares of the semiconductor company's stock worth $482,847,000 after purchasing an additional 219,638 shares during the last quarter. Earnest Partners LLC grew its holdings in Amkor Technology by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 2,423,255 shares of the semiconductor company's stock worth $96,979,000 after acquiring an additional 75,364 shares during the last quarter. American Century Companies Inc. increased its position in Amkor Technology by 54.4% in the 2nd quarter. American Century Companies Inc. now owns 1,673,314 shares of the semiconductor company's stock valued at $66,966,000 after acquiring an additional 589,530 shares in the last quarter. Driehaus Capital Management LLC bought a new position in shares of Amkor Technology in the second quarter worth about $58,379,000. Finally, Millennium Management LLC lifted its position in shares of Amkor Technology by 359.7% during the second quarter. Millennium Management LLC now owns 1,360,292 shares of the semiconductor company's stock worth $54,439,000 after purchasing an additional 1,064,404 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was 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 approximately $6,458,636.21. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the completion of the sale, the director now owns 19,871 shares of the company's stock, valued at $655,146.87. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the sale, the chief executive officer now directly owns 204,971 shares in the company, valued at $6,458,636.21. This 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 currently owned by company insiders.

Analyst Ratings Changes

AMKR has been the subject of a number of research reports. DA Davidson lowered their price target on shares of Amkor Technology from $40.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on Amkor Technology from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday. KeyCorp cut their price target on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday. The Goldman Sachs Group lowered their price objective on Amkor Technology from $36.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Needham & Company LLC cut 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 report on Tuesday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Amkor Technology has a consensus rating of "Moderate Buy" and a consensus price target of $35.63.

Amkor Technology Trading Up 2.2 %

Shares of Amkor Technology stock traded up $0.55 during trading on Friday, hitting $26.00. 1,653,543 shares of the company were exchanged, compared to its average volume of 1,337,753. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.83. The firm has a market capitalization of $6.41 billion, a P/E ratio of 17.57 and a beta of 1.84. The firm's fifty day moving average price is $30.21 and its 200 day moving average price is $33.13. Amkor Technology, Inc. has a 1-year low of $21.92 and a 1-year high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Amkor Technology, Inc. will post 1.42 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd were given a $0.079 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, September 3rd. Amkor Technology's dividend payout ratio is currently 20.95%.

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.