Valley Wealth Managers Inc. Has $22.36 Million Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Valley Wealth Managers Inc. boosted its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 115.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 730,701 shares of the semiconductor company's stock after purchasing an additional 391,002 shares during the period. Amkor Technology makes up about 1.7% of Valley Wealth Managers Inc.'s investment portfolio, making the stock its 17th biggest holding. Valley Wealth Managers Inc. owned approximately 0.30% of Amkor Technology worth $22,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in Amkor Technology by 1.3% in the second quarter. SG Americas Securities LLC now owns 23,694 shares of the semiconductor company's stock worth $948,000 after acquiring an additional 296 shares during the last quarter. CWM LLC raised its holdings in shares of Amkor Technology by 15.1% during the second quarter. CWM LLC now owns 2,359 shares of the semiconductor company's stock valued at $94,000 after buying an additional 309 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Amkor Technology by 8.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,188 shares of the semiconductor company's stock valued at $168,000 after buying an additional 333 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Amkor Technology by 1.7% during the third quarter. Ritholtz Wealth Management now owns 21,717 shares of the semiconductor company's stock valued at $665,000 after buying an additional 357 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Amkor Technology by 3.5% during the first quarter. QRG Capital Management Inc. now owns 11,837 shares of the semiconductor company's stock valued at $382,000 after buying an additional 405 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amkor Technology

In related news, Director Winston J. Churchill sold 20,000 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were 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. The trade was a 50.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.40% of the company's stock.

Amkor Technology Stock Down 3.2 %

Shares of NASDAQ:AMKR traded down $0.83 during trading on Friday, reaching $25.19. 1,033,581 shares of the company traded hands, compared to its average volume of 1,330,952. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. Amkor Technology, Inc. has a 1-year low of $24.10 and a 1-year high of $44.86. The firm has a fifty day simple moving average of $29.30 and a 200 day simple moving average of $32.94. The firm has a market cap of $6.21 billion, a P/E ratio of 17.38 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm posted $0.54 EPS. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. Analysts anticipate that Amkor Technology, Inc. will post 1.42 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.0827 per share. This is a positive change 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 dividend on an annualized basis and a yield of 1.31%. Amkor Technology's payout ratio is currently 20.95%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMKR shares. Needham & Company LLC cut their price target on Amkor Technology from $45.00 to $34.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. StockNews.com cut Amkor Technology from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. KeyCorp dropped their target price on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. DA Davidson decreased their price target on shares of Amkor Technology from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th. Finally, Morgan Stanley decreased their price target on shares of Amkor Technology from $35.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.63.

Amkor Technology 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.