Mutual of America Capital Management LLC Has $1.87 Million Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Mutual of America Capital Management LLC raised its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 3.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 61,253 shares of the semiconductor company’s stock after purchasing an additional 2,055 shares during the period. Mutual of America Capital Management LLC’s holdings in Amkor Technology were worth $1,874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMKR. Valley Wealth Managers Inc. grew its holdings in Amkor Technology by 115.1% during the third quarter. Valley Wealth Managers Inc. now owns 730,701 shares of the semiconductor company’s stock worth $22,359,000 after buying an additional 391,002 shares in the last quarter. KBC Group NV boosted its holdings in Amkor Technology by 1.2% during the 3rd quarter. KBC Group NV now owns 102,015 shares of the semiconductor company’s stock worth $3,122,000 after acquiring an additional 1,225 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Amkor Technology by 68.0% in the 3rd quarter. Victory Capital Management Inc. now owns 212,809 shares of the semiconductor company’s stock worth $6,512,000 after acquiring an additional 86,148 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Amkor Technology by 16.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,505 shares of the semiconductor company’s stock valued at $260,000 after purchasing an additional 1,191 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Amkor Technology by 5.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 60,181 shares of the semiconductor company’s stock valued at $1,842,000 after purchasing an additional 3,008 shares in the last quarter. 42.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of Amkor Technology stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the sale, the director now directly owns 19,871 shares in the company, valued at approximately $655,146.87. The trade was a 50.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 204,971 shares of the company’s stock, valued at $6,458,636.21. This trade represents a 4.65 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is owned by company insiders.

Amkor Technology Price Performance

Shares of Amkor Technology stock opened at $26.54 on Monday. The business’s 50 day simple moving average is $28.85 and its two-hundred day simple moving average is $32.69. Amkor Technology, Inc. has a one year low of $24.10 and a one year high of $44.86. 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 $6.55 billion, a P/E ratio of 17.93 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results 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 business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts forecast 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. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.25%. 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 payout ratio is presently 20.95%.

Analyst Ratings Changes

Several equities research analysts have commented on AMKR shares. Needham & Company LLC dropped 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 report on Tuesday, October 29th. StockNews.com downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Morgan Stanley lowered their price objective on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. The Goldman Sachs Group cut their target price 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. Finally, DA Davidson cut 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. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.