Amkor Technology, Inc. (NASDAQ:AMKR) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 10.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,393 shares of the semiconductor company’s stock after acquiring an additional 14,012 shares during the period. Massachusetts Financial Services Co. MA owned about 0.06% of Amkor Technology worth $6,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. WINTON GROUP Ltd increased its holdings in shares of Amkor Technology by 3.5% during the 2nd quarter. WINTON GROUP Ltd now owns 29,708 shares of the semiconductor company’s stock valued at $1,189,000 after purchasing an additional 998 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Amkor Technology by 13.6% in the second quarter. Envestnet Asset Management Inc. now owns 431,233 shares of the semiconductor company’s stock valued at $17,258,000 after buying an additional 51,711 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Amkor Technology by 10.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,781 shares of the semiconductor company’s stock worth $1,552,000 after acquiring an additional 3,768 shares during the period. Valley Wealth Managers Inc. purchased a new stake in shares of Amkor Technology during the 2nd quarter worth about $13,595,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of Amkor Technology by 4.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 89,986 shares of the semiconductor company’s stock valued at $3,601,000 after purchasing an additional 3,447 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Stock Down 2.2 %

Shares of AMKR opened at $30.96 on Friday. The stock has a fifty day simple moving average of $33.12 and a two-hundred day simple moving average of $33.66. The company has a quick ratio of 1.83, a current ratio of 2.08 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $7.61 billion, a PE ratio of 20.37 and a beta of 1.85. Amkor Technology, Inc. has a 52-week low of $17.58 and a 52-week high of $44.86.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.45 billion. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. Amkor Technology’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. As a group, equities analysts forecast that Amkor Technology, Inc. will post 1.53 EPS for the current year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd will be given a $0.079 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.02%. Amkor Technology’s dividend payout ratio is currently 20.39%.

Wall Street Analyst Weigh In

Several analysts have commented on AMKR shares. Needham & Company LLC raised their price objective on Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. KeyCorp began coverage on shares of Amkor Technology in a report on Friday. They set an “overweight” rating and a $38.00 price objective on the stock. Morgan Stanley boosted their target price 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. JPMorgan Chase & Co. assumed coverage on shares of Amkor Technology in a research note on Monday, July 1st. They issued an “overweight” rating and a $48.00 price target on the stock. Finally, B. Riley boosted their price objective on Amkor Technology from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.75.

Insider Activity

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $42.94, for a total value of $1,073,500.00. Following the sale, the chief executive officer now directly owns 128,333 shares in the company, valued at approximately $5,510,619.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Winston J. Churchill sold 20,000 shares of the business’s 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 Securities & Exchange Commission, which is available through this link. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $42.94, for a total value of $1,073,500.00. Following the transaction, 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. Corporate insiders own 31.40% of the company’s stock.

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.