Jacobs Levy Equity Management Inc. Purchases 71,625 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Jacobs Levy Equity Management Inc. increased its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 28.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 320,328 shares of the semiconductor company’s stock after buying an additional 71,625 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.13% of Amkor Technology worth $9,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. SG Americas Securities LLC lifted its stake 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 purchasing an additional 296 shares during the last quarter. CWM LLC increased its position in Amkor Technology by 15.1% during the 2nd quarter. CWM LLC now owns 2,359 shares of the semiconductor company’s stock valued at $94,000 after buying an additional 309 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Amkor Technology by 8.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,188 shares of the semiconductor company’s stock valued at $168,000 after purchasing an additional 333 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Amkor Technology by 1.7% in the 3rd quarter. Ritholtz Wealth Management now owns 21,717 shares of the semiconductor company’s stock worth $665,000 after acquiring an additional 357 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in Amkor Technology by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 25,314 shares of the semiconductor company’s stock worth $1,013,000 after buying an additional 461 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following 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 trade represents a 4.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 31.40% of the stock is owned by corporate insiders.

Amkor Technology Stock Down 2.0 %

Shares of Amkor Technology stock opened at $26.01 on Friday. Amkor Technology, Inc. has a 52-week low of $24.10 and a 52-week high of $44.86. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.41 billion, a P/E ratio of 17.57 and a beta of 1.84. The company has a 50 day moving average of $28.06 and a 200 day moving average of $32.29.

Amkor Technology (NASDAQ:AMKR) 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). Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, research analysts forecast 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 paid 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 annualized dividend and a dividend yield of 1.27%. Amkor Technology’s payout ratio is 20.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group cut their price target 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. KeyCorp decreased their target price on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut their target price on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research note 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 for the company in a research note on Tuesday, October 29th. Finally, DA Davidson dropped their price target on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.