Amkor Technology, Inc. (NASDAQ:AMKR) Holdings Boosted by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. grew its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,808 shares of the semiconductor company’s stock after purchasing an additional 1,233 shares during the period. Whalen Wealth Management Inc.’s holdings in Amkor Technology were worth $484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted 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 period. Earnest Partners LLC boosted its stake in shares of Amkor Technology by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 2,423,255 shares of the semiconductor company’s stock valued at $96,979,000 after buying an additional 75,364 shares during the period. American Century Companies Inc. grew its holdings in shares of Amkor Technology by 54.4% during 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 acquired a new position in shares of Amkor Technology in the second quarter worth $58,379,000. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of Amkor Technology during the third quarter worth $42,610,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Trading Up 0.8 %

AMKR stock opened at $25.39 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 17.16 and a beta of 1.85. The business has a fifty day moving average price of $29.17 and a 200 day moving average price of $32.87. Amkor Technology, Inc. has a fifty-two week low of $24.10 and a fifty-two week high of $44.86.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. Amkor Technology’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. Analysts expect that Amkor Technology, Inc. will post 1.42 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost 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 (DPR) is currently 20.95%.

Insider Buying and Selling

In other 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 shares were 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 in the company, valued at $6,458,636.21. This represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Winston J. Churchill sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total transaction of $659,400.00. Following the sale, the director now owns 19,871 shares in the company, valued at approximately $655,146.87. The trade was 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 company insiders.

Analyst Upgrades and Downgrades

AMKR has been the topic of a number of research reports. KeyCorp dropped their price objective 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 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 report on Tuesday, October 29th. Needham & Company LLC dropped their price objective 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. 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 note on Tuesday, October 29th. Finally, StockNews.com lowered Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Amkor Technology currently has an average rating of “Moderate Buy” and an average target price of $36.29.

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.