Bridgewater Associates LP Acquires 21,476 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Bridgewater Associates LP lifted its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 444,127 shares of the semiconductor company’s stock after purchasing an additional 21,476 shares during the period. Bridgewater Associates LP owned 0.18% of Amkor Technology worth $13,590,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC raised its holdings in Amkor Technology by 1.3% in the second quarter. SG Americas Securities LLC now owns 23,694 shares of the semiconductor company’s stock worth $948,000 after purchasing an additional 296 shares during the period. CWM LLC increased its position in shares of Amkor Technology by 15.1% in the 2nd quarter. CWM LLC now owns 2,359 shares of the semiconductor company’s stock valued at $94,000 after buying an additional 309 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Amkor Technology by 8.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,188 shares of the semiconductor company’s stock worth $168,000 after buying an additional 333 shares during the period. Ritholtz Wealth Management raised its stake in Amkor Technology by 1.7% during the 3rd quarter. Ritholtz Wealth Management now owns 21,717 shares of the semiconductor company’s stock worth $665,000 after buying an additional 357 shares during the period. Finally, SummerHaven Investment Management LLC lifted its holdings in Amkor Technology by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 25,314 shares of the semiconductor company’s stock worth $1,013,000 after acquiring an additional 461 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amkor Technology

In other news, 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 transaction 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. The trade was a 4.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 31.40% of the company’s stock.

Amkor Technology Stock Performance

Shares of AMKR opened at $26.02 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. Amkor Technology, Inc. has a 12 month low of $24.10 and a 12 month high of $44.86. The firm has a fifty day simple moving average of $28.61 and a 200 day simple moving average of $32.56. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 17.58 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 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 analyst estimates of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. Research analysts forecast that Amkor Technology, Inc. will post 1.42 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.0827 per share. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, December 4th. This represents a $0.33 annualized dividend and a dividend yield of 1.27%. Amkor Technology’s payout ratio is 20.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley dropped their price target on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Needham & Company LLC dropped 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. StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price objective on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, 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 research report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.