Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 72.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,092 shares of the semiconductor company’s stock after selling 23,726 shares during the period. HighTower Advisors LLC’s holdings in Amkor Technology were worth $277,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Amkor Technology in the 2nd quarter valued at about $40,000. Larson Financial Group LLC grew its holdings in Amkor Technology by 911.3% in the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 1,130 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Amkor Technology in the third quarter valued at approximately $39,000. Rothschild Investment LLC acquired a new position in shares of Amkor Technology during the 2nd quarter worth approximately $52,000. Finally, Ulland Investment Advisors LLC acquired a new position in shares of Amkor Technology during the 3rd quarter worth approximately $82,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Insider Activity at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction on Tuesday, October 15th. The shares were 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 owns 204,971 shares of the company’s stock, 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 document filed with the SEC, which is available through this link. Company insiders own 31.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMKR. Morgan Stanley dropped their price target on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Needham & Company LLC dropped 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 report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price target on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, KeyCorp cut their price objective on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.29.

Amkor Technology Stock Performance

NASDAQ AMKR opened at $26.27 on Tuesday. The business’s 50 day moving average is $27.19 and its two-hundred day moving average is $31.77. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 17.75 and a beta of 1.84. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. Amkor Technology, Inc. has a 12-month low of $24.10 and a 12-month high of $44.86.

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

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were given a dividend of $0.0827 per share. The ex-dividend date was Wednesday, December 4th. 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 1.26%. Amkor Technology’s payout ratio is 22.30%.

About Amkor Technology

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.