Captrust Financial Advisors Grows Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Captrust Financial Advisors increased its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 74.4% in the 3rd quarter, Holdings Channel reports. The firm owned 11,450 shares of the semiconductor company’s stock after purchasing an additional 4,886 shares during the period. Captrust Financial Advisors’ holdings in Amkor Technology were worth $350,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. acquired a new stake in Amkor Technology during the 2nd quarter worth $31,000. Ashton Thomas Private Wealth LLC acquired a new position in Amkor Technology during the second quarter worth about $40,000. Larson Financial Group LLC grew its stake in Amkor Technology by 911.3% during the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,130 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Amkor Technology during the 3rd quarter valued at about $39,000. Finally, Rothschild Investment LLC acquired a new stake in Amkor Technology in the 2nd quarter valued at about $52,000. 42.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. DA Davidson cut their price target on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. The Goldman Sachs Group cut their target price on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. Morgan Stanley dropped their price objective on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Needham & Company LLC reduced their target price on shares of 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, JPMorgan Chase & Co. decreased their target price on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.29.

Amkor Technology Trading Up 0.6 %

NASDAQ AMKR opened at $26.54 on Friday. Amkor Technology, Inc. has a 12 month low of $24.10 and a 12 month high of $44.86. The stock has a market capitalization of $6.55 billion, a P/E ratio of 17.93 and a beta of 1.84. The firm’s 50-day moving average is $27.64 and its two-hundred day moving average is $32.01. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data 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 company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The business’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. On average, sell-side analysts anticipate that Amkor Technology, Inc. will post 1.42 earnings per share for the current year.

Amkor Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 4th will be issued a $0.0827 dividend. This represents a $0.33 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, December 4th. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s payout ratio is currently 22.30%.

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the sale, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at $6,458,636.21. This represents a 4.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.40% of the stock is owned by corporate insiders.

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.