Petrus Trust Company LTA Makes New Investment in Amkor Technology, Inc. (NASDAQ:AMKR)

Petrus Trust Company LTA purchased a new position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,792 shares of the semiconductor company's stock, valued at approximately $606,000.

A number of other hedge funds also recently bought and sold shares of the company. 1620 Investment Advisors Inc. purchased a new position in Amkor Technology in the 2nd quarter worth about $31,000. Capital Performance Advisors LLP purchased a new position in Amkor Technology in the 3rd quarter worth about $39,000. Ashton Thomas Private Wealth LLC purchased a new position in Amkor Technology in the 2nd quarter worth about $40,000. Larson Financial Group LLC raised its position in Amkor Technology by 911.3% in the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company's stock worth $50,000 after buying an additional 1,130 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in Amkor Technology in the 2nd quarter worth about $52,000. Institutional investors own 42.76% of the company's stock.

Insiders Place Their Bets

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 204,971 shares in the company, valued at $6,458,636.21. This represents a 4.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 31.40% of the stock is currently owned by corporate insiders.

Amkor Technology Stock Performance

Shares of NASDAQ:AMKR traded down $0.53 during mid-day trading on Thursday, reaching $26.01. 1,209,999 shares of the company traded hands, compared to its average volume of 1,316,127. The company's 50 day moving average price is $28.18 and its 200-day moving average price is $32.33. The firm has a market cap of $6.41 billion, a PE ratio of 17.93 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 52 week low of $24.10 and a 52 week 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 company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The company's revenue was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Amkor Technology, Inc. will post 1.42 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th will be paid a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 1.27%. This is an increase from Amkor Technology's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, December 4th. Amkor Technology's dividend payout ratio is presently 20.95%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMKR. DA Davidson reduced their price target on shares of Amkor Technology from $40.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, October 29th. StockNews.com lowered shares of Amkor Technology from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. The Goldman Sachs Group reduced their price target on shares of Amkor Technology from $36.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, October 29th. Needham & Company LLC reduced their price target on shares of Amkor Technology from $45.00 to $34.00 and set a "buy" rating for the company in a research report on Tuesday, October 29th. Finally, Morgan Stanley reduced 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 report on Tuesday, October 29th. Four 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 stock presently has an average rating of "Moderate Buy" and an average target price of $36.29.

Amkor Technology Company Profile

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.