Massachusetts Financial Services Co. MA Acquires 849 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Massachusetts Financial Services Co. MA lifted its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKRFree Report) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,276 shares of the semiconductor company’s stock after buying an additional 849 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Amkor Technology were worth $3,012,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Comerica Bank purchased a new stake in shares of Amkor Technology during the 2nd quarter valued at approximately $3,357,000. M&G Investment Management Ltd. purchased a new stake in shares of Amkor Technology during the 2nd quarter valued at approximately $8,479,000. Portolan Capital Management LLC lifted its stake in shares of Amkor Technology by 236.0% during the 2nd quarter. Portolan Capital Management LLC now owns 311,456 shares of the semiconductor company’s stock valued at $9,266,000 after buying an additional 218,759 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Amkor Technology during the 3rd quarter valued at approximately $855,000. Finally, Strs Ohio lifted its stake in shares of Amkor Technology by 9.0% during the 3rd quarter. Strs Ohio now owns 43,700 shares of the semiconductor company’s stock valued at $987,000 after buying an additional 3,600 shares in the last quarter. 38.69% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Stock Performance

Amkor Technology stock opened at $31.20 on Monday. The firm’s fifty day moving average price is $31.68 and its 200-day moving average price is $27.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.65 and a current ratio of 2.31. The stock has a market cap of $7.67 billion, a P/E ratio of 21.37 and a beta of 2.00. Amkor Technology, Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $34.44.

Amkor Technology (NASDAQ:AMKRGet Free Report) last posted its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The business’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the company posted $0.67 EPS. On average, equities research analysts expect that Amkor Technology, Inc. will post 1.63 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Tuesday, December 5th were given a dividend of $0.079 per share. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.32 annualized dividend and a dividend yield of 1.01%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio (DPR) is 21.23%.

Insider Activity

In other news, Director Roger Anthony Carolin sold 20,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $28.31, for a total transaction of $566,200.00. Following the sale, the director now owns 48,392 shares in the company, valued at approximately $1,369,977.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Roger Anthony Carolin sold 20,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $28.31, for a total transaction of $566,200.00. Following the transaction, the director now owns 48,392 shares of the company’s stock, valued at approximately $1,369,977.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Megan Faust sold 2,700 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $32.00, for a total transaction of $86,400.00. Following the transaction, the chief financial officer now directly owns 35,394 shares in the company, valued at approximately $1,132,608. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,400 shares of company stock worth $723,313. 53.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on AMKR. UBS Group began coverage on shares of Amkor Technology in a research note on Thursday, November 16th. They issued a “buy” rating and a $31.00 target price on the stock. StockNews.com upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Morgan Stanley began coverage on shares of Amkor Technology in a research note on Thursday, November 9th. They issued an “equal weight” rating and a $27.00 target price on the stock. Finally, B. Riley increased their target price on shares of Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.50.

Read Our Latest Report on AMKR

Amkor Technology Company Profile

(Free Report)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and 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.

Read More

Want to see what other hedge funds are holding AMKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amkor Technology, Inc. (NASDAQ:AMKRFree Report).

Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

Receive News & Ratings for Amkor Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amkor Technology and related companies with MarketBeat.com's FREE daily email newsletter.