Amkor Technology, Inc. (NASDAQ:AMKR) Stock Holdings Lifted by Freedom Investment Management Inc.

Freedom Investment Management Inc. raised its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,476 shares of the semiconductor company’s stock after purchasing an additional 792 shares during the period. Freedom Investment Management Inc.’s holdings in Amkor Technology were worth $474,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. raised its position in Amkor Technology by 24,383.3% during the third quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company’s stock valued at $115,899,000 after acquiring an additional 3,772,095 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Amkor Technology during the 2nd quarter worth $58,379,000. Ceredex Value Advisors LLC bought a new position in shares of Amkor Technology during the 3rd quarter valued at $42,610,000. Millennium Management LLC lifted its stake in shares of Amkor Technology by 359.7% in the 2nd quarter. Millennium Management LLC now owns 1,360,292 shares of the semiconductor company’s stock valued at $54,439,000 after purchasing an additional 1,064,404 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Amkor Technology by 212.6% in the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock worth $41,647,000 after purchasing an additional 925,644 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total value of $315,100.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 31.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley cut their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. StockNews.com lowered Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price target on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. KeyCorp reduced their price objective on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Finally, Needham & Company LLC lowered their target price on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.29.

Amkor Technology Trading Up 1.6 %

Shares of AMKR stock opened at $26.44 on Friday. The firm has a market capitalization of $6.52 billion, a P/E ratio of 17.86 and a beta of 1.85. Amkor Technology, Inc. has a 1 year low of $24.10 and a 1 year high of $44.86. The firm’s fifty day simple moving average is $28.50 and its 200 day simple moving average is $32.51. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21.

Amkor Technology (NASDAQ:AMKR) last posted 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 return on equity of 8.98% and a net margin of 5.68%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that Amkor Technology, Inc. will post 1.42 EPS for the current year.

Amkor Technology Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend 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 1.25%. Amkor Technology’s payout ratio is currently 22.30%.

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.