67,552 Shares in Amkor Technology, Inc. $AMKR Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 67,552 shares of the semiconductor company’s stock, valued at approximately $1,918,000.

A number of other large investors have also modified their holdings of the stock. American Century Companies Inc. boosted its holdings in Amkor Technology by 30.0% in the second quarter. American Century Companies Inc. now owns 3,818,331 shares of the semiconductor company’s stock valued at $80,147,000 after purchasing an additional 880,738 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Amkor Technology by 38.3% during the second quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock worth $74,541,000 after buying an additional 985,727 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Amkor Technology by 1.2% in the second quarter. Geode Capital Management LLC now owns 2,255,475 shares of the semiconductor company’s stock worth $47,349,000 after buying an additional 27,432 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Amkor Technology by 15.1% in the second quarter. Bank of New York Mellon Corp now owns 1,692,661 shares of the semiconductor company’s stock valued at $35,529,000 after acquiring an additional 222,507 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Amkor Technology by 31.0% during the 2nd quarter. First Trust Advisors LP now owns 1,685,552 shares of the semiconductor company’s stock valued at $35,380,000 after acquiring an additional 398,927 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Insiders Place Their Bets

In other Amkor Technology news, Director Gil C. Tily sold 20,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $46.44, for a total transaction of $928,800.00. Following the sale, the director directly owned 123,806 shares in the company, valued at approximately $5,749,550.64. The trade was a 13.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark N. Rogers sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $49.28, for a total transaction of $246,400.00. Following the transaction, the executive vice president owned 23,862 shares in the company, valued at $1,175,919.36. This represents a 17.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 96,000 shares of company stock valued at $4,085,910. Corporate insiders own 26.90% of the company’s stock.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $48.33 on Friday. The firm’s 50 day moving average is $44.52 and its two-hundred day moving average is $33.41. The firm has a market capitalization of $11.95 billion, a P/E ratio of 38.66 and a beta of 1.99. The company has a current ratio of 1.77, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $55.17.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were issued a $0.0835 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a yield of 0.7%. Amkor Technology’s dividend payout ratio is currently 26.40%.

Analyst Ratings Changes

Several research firms have recently weighed in on AMKR. Zacks Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. William Blair raised Amkor Technology to a “neutral” rating in a report on Monday, January 12th. UBS Group lowered Amkor Technology from a “buy” rating to a “neutral” rating and upped their price target for the company from $38.00 to $55.00 in a research report on Monday, January 12th. JPMorgan Chase & Co. lifted their price objective on shares of Amkor Technology from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Finally, Needham & Company LLC increased their target price on shares of Amkor Technology from $37.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $39.14.

Amkor Technology Company Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.