36,791 Shares in Amkor Technology, Inc. (NASDAQ:AMKR) Bought by Holocene Advisors LP

Holocene Advisors LP acquired a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,791 shares of the semiconductor company’s stock, valued at approximately $1,126,000.

A number of other institutional investors also recently bought and sold shares of AMKR. Valley Wealth Managers Inc. lifted its stake in shares of Amkor Technology by 115.1% in the 3rd quarter. Valley Wealth Managers Inc. now owns 730,701 shares of the semiconductor company’s stock worth $22,359,000 after purchasing an additional 391,002 shares during the period. Intech Investment Management LLC bought a new position in Amkor Technology in the second quarter worth approximately $874,000. General American Investors Co. Inc. purchased a new position in shares of Amkor Technology during the 3rd quarter worth $3,060,000. Chase Investment Counsel Corp bought a new stake in shares of Amkor Technology during the 2nd quarter valued at $3,481,000. Finally, Principal Financial Group Inc. increased its stake in shares of Amkor Technology by 212.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock worth $41,647,000 after purchasing an additional 925,644 shares in the last quarter. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $26.28 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 17.76 and a beta of 1.84. The firm has a fifty day moving average price of $27.97 and a 200 day moving average price of $32.24. Amkor Technology, Inc. has a fifty-two week low of $24.10 and a fifty-two week high of $44.86.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data 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 analysts’ expectations of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. As a group, sell-side analysts expect that Amkor Technology, Inc. will post 1.42 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.26%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, December 4th. Amkor Technology’s dividend payout ratio is 22.30%.

Insider Activity

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the sale, the chief executive officer now directly owns 204,971 shares in the company, valued at approximately $6,458,636.21. This represents a 4.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 31.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on AMKR shares. Morgan Stanley cut their price target 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. KeyCorp reduced their target price on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. DA Davidson lowered their price target on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Needham & Company LLC decreased their price objective 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. Finally, StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Amkor Technology presently has a consensus rating of “Moderate Buy” and a consensus price target 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.