Royce & Associates LP Decreases Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Royce & Associates LP cut its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 9.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 392,750 shares of the semiconductor company's stock after selling 39,848 shares during the quarter. Royce & Associates LP owned 0.16% of Amkor Technology worth $12,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. 1620 Investment Advisors Inc. bought a new stake in Amkor Technology during the second quarter worth about $31,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Amkor Technology during the second quarter worth approximately $40,000. Larson Financial Group LLC lifted its holdings in shares of 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 acquiring an additional 1,130 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Amkor Technology during the 3rd quarter valued at $39,000. Finally, Rothschild Investment LLC purchased a new position in Amkor Technology in the 2nd quarter worth $52,000. Hedge funds and other institutional investors own 42.76% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on AMKR shares. The Goldman Sachs Group decreased their price objective on Amkor Technology from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, October 29th. KeyCorp cut their target price 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. StockNews.com lowered shares of Amkor Technology from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. Needham & Company LLC cut their price target 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. Finally, Morgan Stanley lowered their price objective 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.29.

Insider Activity at Amkor Technology

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology 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 owns 204,971 shares of the company's stock, valued at $6,458,636.21. The trade was a 4.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the sale, the director now directly owns 19,871 shares in the company, valued at $655,146.87. This trade represents a 50.16 % 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 corporate insiders.

Amkor Technology Trading Down 3.2 %

Shares of NASDAQ AMKR traded down $0.83 during midday trading on Friday, hitting $25.19. 1,033,713 shares of the company traded hands, compared to its average volume of 1,586,590. Amkor Technology, Inc. has a 12-month low of $24.10 and a 12-month high of $44.86. The firm has a market cap of $6.21 billion, a P/E ratio of 17.02 and a beta of 1.85. The stock has a 50-day moving average price of $29.23 and a 200 day moving average price of $32.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The firm's revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 EPS. As a group, analysts expect that Amkor Technology, Inc. will post 1.42 earnings per share for the current year.

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 4th will be given a dividend of $0.0827 per share. This is a boost from Amkor Technology's previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, December 4th. Amkor Technology's dividend payout ratio (DPR) is 20.95%.

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.