Barclays PLC Acquires 202,218 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Barclays PLC grew its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 99.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 405,400 shares of the semiconductor company’s stock after acquiring an additional 202,218 shares during the quarter. Barclays PLC’s holdings in Amkor Technology were worth $12,406,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AMKR. MML Investors Services LLC acquired a new stake in shares of Amkor Technology during the third quarter worth $267,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Amkor Technology in the 3rd quarter valued at about $256,000. EP Wealth Advisors LLC bought a new stake in shares of Amkor Technology in the third quarter valued at about $244,000. Wellington Management Group LLP boosted its position in shares of Amkor Technology by 522.0% during the third quarter. Wellington Management Group LLP now owns 1,134,106 shares of the semiconductor company’s stock worth $34,704,000 after buying an additional 951,764 shares during the period. Finally, State Street Corp grew its holdings in shares of Amkor Technology by 5.6% during the third quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company’s stock worth $102,688,000 after buying an additional 176,528 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Insiders Place Their Bets

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction on 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 in the company, valued at $6,458,636.21. This trade represents a 4.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 31.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AMKR shares. StockNews.com downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. KeyCorp decreased 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 report on Tuesday, October 29th. The Goldman Sachs Group cut their price target on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. DA Davidson decreased their price objective on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a report 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 report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.29.

Amkor Technology Price Performance

NASDAQ:AMKR opened at $26.54 on Monday. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. Amkor Technology, Inc. has a 12-month low of $24.10 and a 12-month high of $44.86. The stock’s 50 day moving average price is $27.64 and its two-hundred day moving average price is $32.00. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 17.93 and a beta of 1.84.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Amkor Technology, Inc. will post 1.42 earnings per share for the current year.

Amkor Technology Increases Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.33 dividend on an annualized basis and a yield of 1.25%. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is 22.30%.

Amkor Technology Company 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.