Amkor Technology, Inc. (NASDAQ:AMKR) Stock Position Lessened by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 4.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,919 shares of the semiconductor company’s stock after selling 1,117 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Amkor Technology were worth $671,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Amkor Technology by 5.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 280,890 shares of the semiconductor company’s stock valued at $8,595,000 after acquiring an additional 14,389 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Amkor Technology by 7.2% during the 3rd quarter. MetLife Investment Management LLC now owns 58,567 shares of the semiconductor company’s stock valued at $1,792,000 after purchasing an additional 3,956 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Amkor Technology by 642.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 339,172 shares of the semiconductor company’s stock valued at $10,379,000 after purchasing an additional 293,462 shares during the period. Bridgewater Associates LP raised its stake in shares of Amkor Technology by 5.1% in the 3rd quarter. Bridgewater Associates LP now owns 444,127 shares of the semiconductor company’s stock worth $13,590,000 after buying an additional 21,476 shares in the last quarter. Finally, Freedom Investment Management Inc. lifted its holdings in shares of Amkor Technology by 5.4% in the third quarter. Freedom Investment Management Inc. now owns 15,476 shares of the semiconductor company’s stock valued at $474,000 after buying an additional 792 shares during the period. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Up 1.9 %

AMKR stock opened at $26.79 on Tuesday. The company’s 50 day simple moving average is $27.89 and its 200-day simple moving average is $32.19. Amkor Technology, Inc. has a 52-week low of $24.10 and a 52-week high of $44.86. 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 firm has a market capitalization of $6.61 billion, a P/E ratio of 18.10 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR) last released its 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 net margin of 5.68% and a return on equity of 8.98%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company earned $0.54 EPS. Amkor Technology’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Amkor Technology, Inc. will post 1.42 EPS for the current 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 paid a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.23%. The ex-dividend date is Wednesday, December 4th. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s payout ratio is 22.30%.

Insider Activity

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’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 transaction, the chief executive officer now directly owns 204,971 shares in the company, valued at $6,458,636.21. The trade was a 4.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 31.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMKR shares. The Goldman Sachs Group lowered their target price on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. JPMorgan Chase & Co. dropped their target price on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a report 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. Morgan Stanley decreased their price target on shares of 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. Finally, DA Davidson cut their price objective on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company 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 company. According to data from MarketBeat, Amkor Technology 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.