Amkor Technology, Inc. (NASDAQ:AMKR) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 8.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,188 shares of the semiconductor company’s stock after acquiring an additional 333 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Amkor Technology were worth $168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AMKR. Pineridge Advisors LLC acquired a new position in shares of Amkor Technology during the 4th quarter valued at $28,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Amkor Technology in the second quarter valued at about $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Amkor Technology during the 2nd quarter valued at about $40,000. Headlands Technologies LLC acquired a new position in Amkor Technology during the 1st quarter worth approximately $43,000. Finally, Larson Financial Group LLC boosted its holdings 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 acquiring an additional 1,130 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Stock Performance

Shares of Amkor Technology stock opened at $30.22 on Friday. The firm has a market cap of $7.43 billion, a PE ratio of 19.88 and a beta of 1.84. Amkor Technology, Inc. has a 1 year low of $17.58 and a 1 year high of $44.86. The firm’s 50-day simple moving average is $30.85 and its 200-day simple moving average is $33.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 2.08.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. Amkor Technology’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Equities analysts forecast that Amkor Technology, Inc. will post 1.53 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd were paid a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Tuesday, September 3rd. Amkor Technology’s dividend payout ratio (DPR) is presently 20.39%.

Analysts Set New Price Targets

AMKR has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Amkor Technology in a research report on Monday, July 1st. They set an “overweight” rating and a $48.00 target price on the stock. StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Monday. KeyCorp assumed coverage on Amkor Technology in a research note on Friday, September 20th. They set an “overweight” rating and a $38.00 target price for the company. Needham & Company LLC boosted their price target on Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, Morgan Stanley raised their price objective on Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amkor Technology currently has an average rating of “Moderate Buy” and an average price target of $40.75.

Insiders Place Their Bets

In related news, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the sale, the director now owns 19,871 shares in the company, valued at $655,146.87. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of Amkor Technology stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the completion of the transaction, the director now directly owns 19,871 shares in the company, valued at $655,146.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $42.94, for a total value of $1,073,500.00. Following the sale, the chief executive officer now owns 128,333 shares in the company, valued at $5,510,619.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by corporate insiders.

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.