Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 81.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,506 shares of the semiconductor company’s stock after selling 66,496 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Amkor Technology were worth $474,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Glenmede Trust Co. NA lifted its stake in Amkor Technology by 642.0% in the third quarter. Glenmede Trust Co. NA now owns 339,172 shares of the semiconductor company’s stock valued at $10,379,000 after buying an additional 293,462 shares during the last quarter. Bridgewater Associates LP lifted its holdings in Amkor Technology by 5.1% in the third quarter. Bridgewater Associates LP now owns 444,127 shares of the semiconductor company’s stock worth $13,590,000 after purchasing an additional 21,476 shares during the period. Freedom Investment Management Inc. grew its position in Amkor Technology by 5.4% in the 3rd 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 in the last quarter. BNP Paribas Financial Markets increased its stake in Amkor Technology by 510.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 118,579 shares of the semiconductor company’s stock valued at $3,629,000 after buying an additional 99,143 shares during the period. Finally, FMR LLC raised its position in shares of Amkor Technology by 35.7% during the 3rd quarter. FMR LLC now owns 1,555,392 shares of the semiconductor company’s stock worth $47,595,000 after buying an additional 409,241 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Stock Up 3.2 %

AMKR opened at $27.28 on Tuesday. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 18.43 and a beta of 1.85. The firm’s 50-day simple moving average is $28.41 and its 200-day simple moving average is $32.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. Amkor Technology, Inc. has a twelve month low of $24.10 and a twelve month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 earnings per share. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.42 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The business 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 $0.0827 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.21%. Amkor Technology’s payout ratio is currently 22.30%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMKR. StockNews.com cut Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their target price on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a 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 for the company in a report 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. Finally, DA Davidson dropped their target price on Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Amkor Technology has a consensus rating of “Moderate Buy” and a consensus price target of $36.29.

Insider Transactions at Amkor Technology

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 stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the sale, the chief executive officer now owns 204,971 shares in the company, valued at $6,458,636.21. The trade was a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 31.40% of the stock is owned by company 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.