Covestor Ltd Has $314,000 Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Covestor Ltd raised its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 47.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,263 shares of the semiconductor company’s stock after acquiring an additional 3,314 shares during the period. Covestor Ltd’s holdings in Amkor Technology were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. 1620 Investment Advisors Inc. purchased a new position in Amkor Technology during the second quarter valued at approximately $31,000. Capital Performance Advisors LLP purchased a new position in shares of Amkor Technology during the 3rd quarter valued at $39,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Amkor Technology during the 2nd quarter valued at $40,000. Headlands Technologies LLC acquired a new position in shares of Amkor Technology in the first quarter worth $43,000. Finally, Larson Financial Group LLC raised its holdings in shares of Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 1,130 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director Winston J. Churchill sold 20,000 shares of the firm’s 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 owns 19,871 shares in the company, valued at approximately $655,146.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related 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 completion of the sale, the director now owns 19,871 shares in the company, valued at approximately $655,146.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’s stock in a transaction dated 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 owns 204,971 shares in the company, valued at $6,458,636.21. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 31.40% of the company’s stock.

Amkor Technology Price Performance

Shares of Amkor Technology stock opened at $27.36 on Friday. Amkor Technology, Inc. has a 1-year low of $22.90 and a 1-year high of $44.86. The firm has a fifty day simple moving average of $29.62 and a 200-day simple moving average of $33.06. 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 stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 18.49 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. On average, sell-side analysts expect that Amkor Technology, Inc. will post 1.42 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd were given a $0.079 dividend. This represents a $0.32 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, September 3rd. Amkor Technology’s dividend payout ratio is currently 20.95%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Morgan Stanley lowered their target price 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. StockNews.com downgraded Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. DA Davidson reduced their target price on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Needham & Company LLC decreased their target price on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group cut their price target 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.63.

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.