Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC cut its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 48.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,974 shares of the semiconductor company's stock after selling 30,863 shares during the quarter. Verition Fund Management LLC's holdings in Amkor Technology were worth $1,009,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Captrust Financial Advisors increased its holdings in Amkor Technology by 74.4% in the 3rd quarter. Captrust Financial Advisors now owns 11,450 shares of the semiconductor company's stock worth $350,000 after acquiring an additional 4,886 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Amkor Technology by 5.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 280,890 shares of the semiconductor company's stock valued at $8,595,000 after purchasing an additional 14,389 shares during the period. MetLife Investment Management LLC increased its stake in shares of Amkor Technology by 7.2% during the third quarter. MetLife Investment Management LLC now owns 58,567 shares of the semiconductor company's stock worth $1,792,000 after purchasing an additional 3,956 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Amkor Technology by 642.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 339,172 shares of the semiconductor company's stock worth $10,379,000 after purchasing an additional 293,462 shares during the last quarter. Finally, Bridgewater Associates LP lifted its stake in Amkor Technology by 5.1% in the 3rd quarter. Bridgewater Associates LP now owns 444,127 shares of the semiconductor company's stock valued at $13,590,000 after buying an additional 21,476 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction that occurred on 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. This trade represents a 4.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 31.40% of the company's stock.

Amkor Technology Trading Up 1.9 %

AMKR stock traded up $0.51 during trading on Monday, reaching $26.79. 1,518,796 shares of the stock were exchanged, compared to its average volume of 1,314,849. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 18.10 and a beta of 1.84. The business has a 50 day moving average price of $27.89 and a 200-day moving average price of $32.19. Amkor Technology, Inc. has a 1 year low of $24.10 and a 1 year high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. On average, research analysts predict 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. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.0827 per share. The ex-dividend date is Wednesday, December 4th. 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 dividend yield of 1.23%. Amkor Technology's dividend payout ratio is currently 22.30%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. The Goldman Sachs Group cut their price objective on Amkor Technology from $36.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price objective on Amkor Technology from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. DA Davidson lowered their target price on shares of Amkor Technology from $40.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, October 29th. Morgan Stanley reduced their target price 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. Finally, Needham & Company LLC lowered their price target 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, October 29th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.