Glenmede Trust Co. NA increased its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating ) by 7.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,160 shares of the semiconductor company’s stock after acquiring an additional 5,049 shares during the period. The holdings of Glenmede Trust Co. NA’s holdings in Amkor Technology were worth $1,247,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in AMKR. Raymond James & Associates boosted its holdings in Amkor Technology by 4.0% in the first quarter. Raymond James & Associates now owns 79,509 shares of the semiconductor company’s stock valued at $1,727,000 after acquiring an additional 3,030 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Amkor Technology in the first quarter worth about $868,000. Bank of New York Mellon Corp increased its stake in Amkor Technology by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 1,334,042 shares of the semiconductor company’s stock valued at $28,975,000 after buying an additional 10,751 shares during the period. Private Advisor Group LLC acquired a new position in Amkor Technology in the first quarter valued at about $330,000. Finally, MetLife Investment Management LLC boosted its stake in Amkor Technology by 40.3% in the first quarter. MetLife Investment Management LLC now owns 117,317 shares of the semiconductor company’s stock valued at $2,548,000 after buying an additional 33,685 shares during the period. 38.07% of the shares are owned by institutional investors and hedge funds.
In other news: Principal Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $26.00, for a total transaction of $520,000.00. Following the sale, the director now owns 14,394 shares in the company, valued at $374,244. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. In related news, CFO Megan Faust sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $28.95, for a total transaction of $868,500.00. Following the transaction, the chief financial officer now directly owns 8,512 shares of the company’s stock, valued at $246,422.40. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which is available through the SEC’s website. In addition, director Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $26.00, for a total transaction of $520,000.00. Following the transaction, the director now directly owns 14,394 shares in the company, valued at $374,244. Disclosure of this sale can be found here. Insiders have sold 253,076 shares of company stock worth $6,616,042 over the last 90 days. 56.50% of the shares are owned by company insiders.
Promote and demote an analyst
A number of research analysts have issued reports on AMKR shares. StockNews.com began coverage on shares of Amkor Technology in a research note on Wednesday, October 12th. They assign a “buy” rating to the company. DA Davidson cut their target price on shares of Amkor Technology to $30.00 in a research report on Friday, November 4th.
Amkor Technology Price Performance
Shares of NASDAQ AMKR traded down $0.68 during midday trading on Monday, hitting $29.02. The company’s stock had a trading volume of 245,959 shares, compared to its average volume of 988,129. The company has a current ratio of 1.79, a quick ratio of 1.42 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $27.18 and a 200-day moving average of $22.62. Amkor Technology, Inc. has a one year low of $14.89 and a one year high of $31.36. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 8.95 and a beta of 1.67.
Amkor Technology (NASDAQ:AMKR – Get Rating) last posted its earnings results on Monday, October 31. The semiconductor company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.32. Amkor Technology had a net margin of 11.84% and a return on equity of 25.47%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. On average, stock analysts expect Amkor Technology, Inc. to post 3.14 EPS for the current year.
Amkor Technology increases dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 27th. Shareholders of record on Tuesday, December 6th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, December 5th. This represents a dividend of $0.30 on an annualized basis and a dividend yield of 1.03%. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.05. Amkor Technology’s payout ratio is currently 9.04%.
About Amkor Technology
Amkor Technology, Inc provides outsourced semiconductor packaging and testing services. Its services include design, package characterization, testing and wafer bumping services. The company’s operations include manufacturing facilities, product development centers, and sales and support offices. The company was founded in 1986 and is headquartered in Tempe, Arizona.
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