Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC trimmed its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,612 shares of the semiconductor company’s stock after selling 466 shares during the period. Integrated Investment Consultants LLC’s holdings in Amkor Technology were worth $325,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AMKR. 1620 Investment Advisors Inc. acquired a new stake in Amkor Technology during the second quarter worth about $31,000. Capital Performance Advisors LLP acquired a new stake in Amkor Technology during the 3rd quarter worth approximately $39,000. Ashton Thomas Private Wealth LLC purchased a new position in Amkor Technology in the second quarter valued at approximately $40,000. Larson Financial Group LLC lifted its position in Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 1,130 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in Amkor Technology during the second quarter worth approximately $52,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on AMKR. Needham & Company LLC cut 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. StockNews.com cut Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered their target price 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 reduced their price target on 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 Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.29.

Insider Transactions at Amkor Technology

In related news, Director Winston J. Churchill sold 20,000 shares of the company’s stock in a transaction that occurred 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 directly owns 19,871 shares of the company’s stock, valued at approximately $655,146.87. This represents a 50.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the transaction, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at approximately $6,458,636.21. This represents a 4.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 31.40% of the company’s stock.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $26.54 on Friday. 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 fifty-two week low of $24.10 and a fifty-two week high of $44.86. The business has a 50 day moving average price of $28.85 and a two-hundred day moving average price of $32.69. The firm has a market cap of $6.55 billion, a PE ratio of 17.93 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The company had revenue of $1.86 billion for 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%. 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 business posted $0.54 EPS. Sell-side analysts expect that Amkor Technology, Inc. will post 1.42 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th will be paid a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio 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.