Amkor Technology, Inc. (NASDAQ:AMKR) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 68.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 212,809 shares of the semiconductor company’s stock after purchasing an additional 86,148 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Amkor Technology worth $6,512,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AMKR. 1620 Investment Advisors Inc. acquired a new stake in Amkor Technology in the second quarter valued at approximately $31,000. Capital Performance Advisors LLP acquired a new stake in Amkor Technology in the third quarter valued at approximately $39,000. Ashton Thomas Private Wealth LLC acquired a new stake in Amkor Technology in the second quarter valued at approximately $40,000. Larson Financial Group LLC raised its holdings in Amkor Technology by 911.3% in the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,130 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in Amkor Technology in the second quarter valued at approximately $52,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Insider Transactions at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction on Tuesday, October 15th. The shares were 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 in the company, valued at $6,458,636.21. This trade represents a 4.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $659,400.00. Following the completion of the transaction, the director now owns 19,871 shares in the company, valued at approximately $655,146.87. This trade represents a 50.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.40% of the company’s stock.

Amkor Technology Stock Performance

Shares of AMKR opened at $26.54 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.55 billion, a PE ratio of 17.93 and a beta of 1.85. The company’s 50 day simple moving average is $28.85 and its 200-day simple moving average is $32.69. Amkor Technology, Inc. has a 12-month low of $24.10 and a 12-month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. As a group, equities analysts predict that Amkor Technology, Inc. will post 1.42 EPS for the current year.

Amkor Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.0827 per share. The ex-dividend date is Wednesday, December 4th. This is a positive change 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%. Amkor Technology’s dividend payout ratio (DPR) is 20.95%.

Wall Street Analysts Forecast Growth

AMKR has been the topic of several analyst reports. Needham & Company LLC reduced their target price on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group cut their price objective on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. KeyCorp cut their price objective on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut their price objective 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.