Captrust Financial Advisors Boosts Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Captrust Financial Advisors grew its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 74.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,450 shares of the semiconductor company’s stock after purchasing an additional 4,886 shares during the quarter. Captrust Financial Advisors’ holdings in Amkor Technology were worth $350,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new position in Amkor Technology during the 2nd quarter worth $31,000. Capital Performance Advisors LLP acquired a new position in shares of Amkor Technology during the third quarter valued at about $39,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Amkor Technology during the second quarter valued at about $40,000. Larson Financial Group LLC boosted its stake in 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 in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in Amkor Technology in the 2nd quarter worth approximately $52,000. 42.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 204,971 shares in the company, valued at approximately $6,458,636.21. This represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 31.40% of the stock is currently owned by company insiders.

Amkor Technology Stock Up 0.6 %

Shares of AMKR stock opened at $26.54 on Friday. Amkor Technology, Inc. has a twelve month low of $24.10 and a twelve month high of $44.86. The stock has a market cap of $6.55 billion, a P/E ratio of 17.93 and a beta of 1.84. The stock has a 50 day moving average of $27.64 and a 200 day moving average of $32.01. 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 (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the company posted $0.54 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Amkor Technology, Inc. will post 1.42 EPS for the current year.

Amkor Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 4th will be paid a $0.0827 dividend. This represents a $0.33 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s payout ratio is currently 22.30%.

Analyst Upgrades and Downgrades

AMKR has been the subject of a number of research analyst reports. DA Davidson decreased their price target on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Morgan Stanley reduced their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Needham & Company LLC dropped their price target on Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. StockNews.com cut Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group dropped their target price 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. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.