American Century Companies Inc. Acquires 589,530 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

American Century Companies Inc. grew its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 54.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,673,314 shares of the semiconductor company’s stock after acquiring an additional 589,530 shares during the quarter. American Century Companies Inc. owned 0.68% of Amkor Technology worth $66,966,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in Amkor Technology by 1.3% during the 2nd quarter. SG Americas Securities LLC now owns 23,694 shares of the semiconductor company’s stock worth $948,000 after buying an additional 296 shares during the period. CWM LLC increased its position in shares of Amkor Technology by 15.1% during the second quarter. CWM LLC now owns 2,359 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 309 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of Amkor Technology by 0.3% during the first quarter. Retirement Systems of Alabama now owns 129,621 shares of the semiconductor company’s stock worth $4,179,000 after acquiring an additional 344 shares during the period. QRG Capital Management Inc. lifted its position in Amkor Technology by 3.5% in the 1st quarter. QRG Capital Management Inc. now owns 11,837 shares of the semiconductor company’s stock valued at $382,000 after acquiring an additional 405 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Amkor Technology by 3.5% in the 4th quarter. Assetmark Inc. now owns 12,874 shares of the semiconductor company’s stock worth $428,000 after purchasing an additional 438 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Insider Transactions at Amkor Technology

In related news, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the sale, the director now owns 19,871 shares in the company, valued at approximately $655,146.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the transaction, the director now directly owns 19,871 shares of the company’s stock, valued at approximately $655,146.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $42.94, for a total transaction of $1,073,500.00. Following the sale, the chief executive officer now owns 128,333 shares of the company’s stock, valued at $5,510,619.02. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by corporate insiders.

Amkor Technology Price Performance

NASDAQ:AMKR opened at $30.66 on Monday. The stock has a market capitalization of $7.55 billion, a PE ratio of 20.17 and a beta of 1.85. Amkor Technology, Inc. has a 1-year low of $17.58 and a 1-year high of $44.86. The firm has a fifty day simple moving average of $34.24 and a 200 day simple moving average of $33.74. The company has a current ratio of 2.08, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. On average, research analysts expect that Amkor Technology, Inc. will post 1.53 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd will be given a $0.079 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.03%. Amkor Technology’s payout ratio is 20.39%.

Wall Street Analysts Forecast Growth

AMKR has been the topic of a number of research reports. JPMorgan Chase & Co. began coverage on Amkor Technology in a report on Monday, July 1st. They issued an “overweight” rating and a $48.00 price target on the stock. B. Riley boosted their target price on Amkor Technology from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Morgan Stanley raised their price target on shares of Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 2nd. Finally, Needham & Company LLC boosted their price objective on shares of Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.14.

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.