Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC cut its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 4.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,612 shares of the semiconductor company’s stock after selling 466 shares during the period. Integrated Investment Consultants LLC’s holdings in Amkor Technology were worth $325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. bought a new position in shares of Amkor Technology during the second quarter worth about $31,000. Capital Performance Advisors LLP bought a new position in Amkor Technology in the 3rd quarter worth about $39,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Amkor Technology in the second quarter valued at approximately $40,000. Larson Financial Group LLC grew its holdings in Amkor Technology by 911.3% in the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock worth $50,000 after buying an additional 1,130 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in Amkor Technology during the 2nd quarter valued at $52,000. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Stock Up 0.7 %

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

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 earnings per share. Equities research analysts forecast that Amkor Technology, Inc. will post 1.42 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders 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 yield of 1.25%. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s payout ratio is presently 20.95%.

Analysts Set New Price Targets

AMKR has been the subject of several recent analyst reports. KeyCorp decreased their price target on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. JPMorgan Chase & Co. dropped their price target on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Morgan Stanley decreased their price objective on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group cut their target price on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.29.

Insider Buying and Selling at Amkor Technology

In other news, Director Winston J. Churchill sold 20,000 shares of the 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 completion of the sale, the director now owns 19,871 shares in the company, valued at $655,146.87. This represents a 50.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 owns 204,971 shares in the company, valued at $6,458,636.21. This represents a 4.65 % decrease in their position. The disclosure for this sale can be found here. 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.