Amkor Technology, Inc. (NASDAQ:AMKR) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 68.0% in the third quarter, Holdings Channel.com reports. The fund owned 212,809 shares of the semiconductor company’s stock after buying an additional 86,148 shares during the quarter. Victory Capital Management Inc.’s holdings in Amkor Technology were worth $6,512,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Driehaus Capital Management LLC acquired a new position in shares of Amkor Technology during the 2nd quarter worth $58,379,000. Ceredex Value Advisors LLC acquired a new position in shares of Amkor Technology during the 3rd quarter worth $42,610,000. Millennium Management LLC raised its stake in shares of Amkor Technology by 359.7% during the 2nd quarter. Millennium Management LLC now owns 1,360,292 shares of the semiconductor company’s stock worth $54,439,000 after buying an additional 1,064,404 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Amkor Technology by 212.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock worth $41,647,000 after buying an additional 925,644 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Amkor Technology by 54.4% during the 2nd quarter. American Century Companies Inc. now owns 1,673,314 shares of the semiconductor company’s stock worth $66,966,000 after buying an additional 589,530 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Trading Up 0.7 %

NASDAQ AMKR opened at $26.54 on Friday. Amkor Technology, Inc. has a 12 month low of $24.10 and a 12 month high of $44.86. The company has a 50-day moving average of $28.85 and a 200-day moving average of $32.69. 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 company has a market cap of $6.55 billion, a P/E ratio of 17.93 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). Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company earned $0.54 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts predict that Amkor Technology, Inc. will post 1.42 earnings per share for the current year.

Amkor Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 4th will be given a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Wednesday, December 4th. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is 20.95%.

Insider Buying and Selling

In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 of the company’s stock, valued at $655,146.87. This trade represents a 50.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the sale, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at $6,458,636.21. This trade represents a 4.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 31.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. The Goldman Sachs Group cut their price target on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. KeyCorp cut their target price on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Needham & Company LLC cut their target price on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. DA Davidson cut their target price on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Finally, StockNews.com downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Amkor Technology has an average rating of “Moderate Buy” and an average price target of $36.29.

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.