Janney Montgomery Scott LLC Makes New $494,000 Investment in Amkor Technology, Inc. (NASDAQ:AMKR)

Janney Montgomery Scott LLC purchased a new position in Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 29,000 shares of the semiconductor company’s stock, valued at approximately $494,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Amkor Technology by 1.1% in the first quarter. Vanguard Group Inc. now owns 12,002,251 shares of the semiconductor company’s stock worth $260,689,000 after buying an additional 132,938 shares during the last quarter. BlackRock Inc. grew its position in Amkor Technology by 1.3% in the first quarter. BlackRock Inc. now owns 11,864,830 shares of the semiconductor company’s stock worth $257,703,000 after buying an additional 155,412 shares during the last quarter. SW Investment Management LLC grew its position in Amkor Technology by 13.5% in the second quarter. SW Investment Management LLC now owns 3,405,561 shares of the semiconductor company’s stock worth $57,724,000 after buying an additional 405,561 shares during the last quarter. State Street Corp grew its position in Amkor Technology by 3.3% in the first quarter. State Street Corp now owns 3,355,040 shares of the semiconductor company’s stock worth $72,871,000 after buying an additional 106,685 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Amkor Technology by 28.6% in the second quarter. AQR Capital Management LLC now owns 2,954,554 shares of the semiconductor company’s stock worth $49,312,000 after buying an additional 656,355 shares during the last quarter. Institutional investors and hedge funds own 38.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AMKR. StockNews.com assumed coverage on shares of Amkor Technology in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. DA Davidson lowered their price objective on shares of Amkor Technology to $30.00 in a research report on Friday, November 4th.

Insider Activity

In other news, CFO Megan Faust sold 6,000 shares of the business’s stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $29.28, for a total transaction of $175,680.00. Following the transaction, the chief financial officer now directly owns 8,512 shares in the company, valued at approximately $249,231.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Guillaume Marie Jean Rutten sold 60,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $22.00, for a total value of $1,320,000.00. Following the completion of the sale, the chief executive officer now directly owns 200,000 shares in the company, valued at $4,400,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Megan Faust sold 6,000 shares of the company’s stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $29.28, for a total transaction of $175,680.00. Following the completion of the sale, the chief financial officer now owns 8,512 shares of the company’s stock, valued at $249,231.36. The disclosure for this sale can be found here. Insiders have sold a total of 253,076 shares of company stock worth $6,616,042 in the last ninety days. Corporate insiders own 56.50% of the company’s stock.

Amkor Technology Trading Up 0.4 %

NASDAQ AMKR opened at $29.03 on Monday. Amkor Technology, Inc. has a twelve month low of $14.89 and a twelve month high of $31.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.42 and a current ratio of 1.79. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 8.74 and a beta of 1.67. The firm’s 50 day moving average price is $26.98 and its two-hundred day moving average price is $22.14.

Amkor Technology (NASDAQ:AMKR – Get Rating) last posted its quarterly earnings data on Monday, October 31st. The semiconductor company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.32. Amkor Technology had a net margin of 11.84% and a return on equity of 25.47%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the company posted $0.74 EPS. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. Equities analysts anticipate that Amkor Technology, Inc. will post 3.14 EPS for the current year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 27th. Stockholders of record on Tuesday, December 6th were issued a dividend of $0.075 per share. This is a boost from Amkor Technology’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, December 5th. Amkor Technology’s payout ratio is currently 9.04%.

Amkor Technology Company Profile

(Get Rating)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services. Its services include design, package characterization, test and wafer bumping services. The firm’s operations include production facilities, product development centers, and sales and support offices. The company was founded in 1986 and is headquartered in Tempe, AZ.