Amkor Technology, Inc. (NASDAQ:AMKR) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 5.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 280,890 shares of the semiconductor company’s stock after acquiring an additional 14,389 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Amkor Technology were worth $8,595,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MetLife Investment Management LLC lifted its position in shares of 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 acquiring an additional 3,956 shares during the last quarter. Glenmede Trust Co. NA lifted 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 acquiring an additional 293,462 shares during the last quarter. Bridgewater Associates LP lifted its position in shares of Amkor Technology by 5.1% during the 3rd quarter. Bridgewater Associates LP now owns 444,127 shares of the semiconductor company’s stock valued at $13,590,000 after acquiring an additional 21,476 shares during the last quarter. Freedom Investment Management Inc. lifted its position in shares of Amkor Technology by 5.4% during the 3rd quarter. Freedom Investment Management Inc. now owns 15,476 shares of the semiconductor company’s stock valued at $474,000 after acquiring an additional 792 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of 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 acquiring an additional 99,143 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owns 204,971 shares in the company, valued at $6,458,636.21. This trade represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 31.40% of the company’s stock.

Amkor Technology Price Performance

AMKR opened at $26.79 on Tuesday. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 18.10 and a beta of 1.84. Amkor Technology, Inc. has a 1 year low of $24.10 and a 1 year high of $44.86. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average price of $27.89 and a 200 day moving average price of $32.19.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data 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). The firm 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%. Amkor Technology’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. Analysts forecast 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 issued a dividend of $0.0827 per share. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a yield of 1.23%. The ex-dividend date is Wednesday, December 4th. Amkor Technology’s dividend payout ratio (DPR) is 22.30%.

Analyst Ratings Changes

AMKR has been the subject of a number of recent research reports. StockNews.com downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Morgan Stanley decreased their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. JPMorgan Chase & Co. decreased their target price on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Needham & Company LLC decreased their target price on Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Finally, DA Davidson decreased their target price 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Amkor Technology has an average rating of “Moderate Buy” and a consensus target price of $36.29.

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.