Amkor Technology, Inc. (NASDAQ:AMKR) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 162.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 194,000 shares of the semiconductor company’s stock after purchasing an additional 120,208 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Amkor Technology were worth $5,936,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. 1620 Investment Advisors Inc. purchased a new position in shares of Amkor Technology in the 2nd quarter worth $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in Amkor Technology during the second quarter worth about $40,000. Larson Financial Group LLC raised its holdings in shares of 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 purchasing an additional 1,130 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Amkor Technology in the 3rd quarter valued at about $39,000. Finally, Rothschild Investment LLC acquired a new position in shares of Amkor Technology in the 2nd quarter valued at about $52,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Stock Performance

Shares of Amkor Technology stock opened at $26.54 on Monday. 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 1 year low of $24.10 and a 1 year high of $44.86. The firm’s 50-day simple moving average is $28.85 and its 200-day simple moving average is $32.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). The firm had revenue of $1.86 billion during 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%. Amkor Technology’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. Equities analysts forecast that Amkor Technology, Inc. will post 1.42 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.25%. 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 20.95%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com downgraded Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. The Goldman Sachs Group reduced their price target on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. JPMorgan Chase & Co. decreased their target price on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. KeyCorp dropped their price target on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Finally, Morgan Stanley dropped their target price 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Amkor Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.29.

Insider Activity

In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the firm’s 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 sale, the director now directly owns 19,871 shares in the company, valued at approximately $655,146.87. This trade represents a 50.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the transaction, the chief executive officer now owns 204,971 shares of the company’s stock, valued at $6,458,636.21. This represents a 4.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 31.40% of the company’s stock.

About Amkor Technology

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.