MML Investors Services LLC Purchases New Shares in Amkor Technology, Inc. (NASDAQ:AMKR)

MML Investors Services LLC acquired a new position in Amkor Technology, Inc. (NASDAQ:AMKR) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,735 shares of the semiconductor company’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMKR. Allspring Global Investments Holdings LLC boosted its stake in shares of Amkor Technology by 13.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 19,110 shares of the semiconductor company’s stock valued at $765,000 after buying an additional 2,206 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Amkor Technology by 3.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,906 shares of the semiconductor company’s stock worth $997,000 after acquiring an additional 859 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Amkor Technology in the 2nd quarter worth about $1,299,000. Signaturefd LLC raised its stake in shares of Amkor Technology by 67.3% in the 2nd quarter. Signaturefd LLC now owns 4,553 shares of the semiconductor company’s stock valued at $182,000 after purchasing an additional 1,832 shares in the last quarter. Finally, Atlas Capital Advisors LLC lifted its position in shares of Amkor Technology by 115.5% during the second quarter. Atlas Capital Advisors LLC now owns 17,486 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 9,370 shares during the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’s stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 31.40% of the company’s stock.

Amkor Technology Trading Up 0.8 %

Amkor Technology stock opened at $26.47 on Thursday. 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 firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 17.89 and a beta of 1.84. The firm has a 50-day moving average price of $26.93 and a two-hundred day moving average price of $31.64.

Amkor Technology (NASDAQ:AMKR) last issued 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 business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Sell-side analysts expect that Amkor Technology, Inc. will post 1.42 earnings per share for the current year.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were paid a dividend of $0.0827 per share. 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%. The ex-dividend date of this dividend was Wednesday, December 4th. Amkor Technology’s payout ratio is currently 22.30%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley lowered their price objective 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. DA Davidson dropped 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. StockNews.com downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. dropped their target price on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group decreased their price target on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.29.

About Amkor Technology

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.