Inspire Investing LLC Sells 14,999 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Inspire Investing LLC cut its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 52.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,479 shares of the semiconductor company’s stock after selling 14,999 shares during the quarter. Inspire Investing LLC’s holdings in Amkor Technology were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in shares of Amkor Technology by 4.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,410,504 shares of the semiconductor company’s stock worth $46,927,000 after purchasing an additional 63,104 shares during the last quarter. M&G Plc bought a new position in Amkor Technology during the first quarter worth about $11,435,000. Duality Advisers LP acquired a new position in shares of Amkor Technology during the 1st quarter worth about $849,000. Capital World Investors bought a new stake in shares of Amkor Technology in the 1st quarter valued at about $9,288,000. Finally, Vanguard Group Inc. increased its stake in shares of Amkor Technology by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 14,976,630 shares of the semiconductor company’s stock valued at $482,847,000 after acquiring an additional 219,638 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Stock Up 1.5 %

Shares of Amkor Technology stock opened at $30.95 on Friday. Amkor Technology, Inc. has a 52-week low of $17.58 and a 52-week high of $44.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 2.08. The business’s 50 day simple moving average is $31.04 and its 200 day simple moving average is $33.37. The firm has a market cap of $7.61 billion, a PE ratio of 20.36 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the company earned $0.26 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that Amkor Technology, Inc. will post 1.55 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were issued a $0.079 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Tuesday, September 3rd. Amkor Technology’s payout ratio is 20.39%.

Insider Activity 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 that occurred on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the completion of 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Winston J. Churchill sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the sale, the director now directly owns 19,871 shares of the company’s stock, valued at approximately $655,146.87. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the transaction, the chief executive officer now owns 204,971 shares of the company’s stock, valued at $6,458,636.21. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, July 2nd. B. Riley upped their price objective on shares of Amkor Technology from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. JPMorgan Chase & Co. began coverage on Amkor Technology in a report on Monday, July 1st. They set an “overweight” rating and a $48.00 target price on the stock. Needham & Company LLC boosted their target price on Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, KeyCorp began coverage on Amkor Technology in a research report on Friday, September 20th. They set an “overweight” rating and a $38.00 price target on the stock. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.75.

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.