Massachusetts Financial Services Co. MA boosted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating) by 9.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,149 shares of the semiconductor company’s stock after purchasing an additional 22,345 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.11% of Amkor Technology worth $4,401,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMKR. AQR Capital Management LLC boosted its stake in Amkor Technology by 28.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,954,554 shares of the semiconductor company’s stock worth $49,312,000 after purchasing an additional 656,355 shares during the period. SW Investment Management LLC boosted its position in shares of Amkor Technology by 13.5% during the 2nd quarter. SW Investment Management LLC now owns 3,405,561 shares of the semiconductor company’s stock valued at $57,724,000 after acquiring an additional 405,561 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Amkor Technology by 73.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 934,799 shares of the semiconductor company’s stock valued at $15,844,000 after acquiring an additional 395,819 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Amkor Technology by 63.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 898,438 shares of the semiconductor company’s stock valued at $19,514,000 after acquiring an additional 348,491 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Amkor Technology by 109.3% during the 1st quarter. Renaissance Technologies LLC now owns 446,400 shares of the semiconductor company’s stock valued at $9,696,000 after acquiring an additional 233,100 shares during the last quarter. 38.07% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Amkor Technology news, CFO Megan Faust sold 6,000 shares of the stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $29.28, for a total value of $175,680.00. Following the sale, the chief financial officer now owns 8,512 shares in the company, valued at $249,231.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Amkor Technology news, CFO Megan Faust sold 6,000 shares of the stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $29.28, for a total value of $175,680.00. Following the sale, the chief financial officer now owns 8,512 shares in the company, valued at $249,231.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $26.00, for a total value of $520,000.00. Following the completion of the sale, the director now owns 14,394 shares in the company, valued at approximately $374,244. The disclosure for this sale can be found here. Insiders have sold a total of 122,000 shares of company stock worth $3,411,100 over the last quarter. Company insiders own 56.50% of the company’s stock.
Amkor Technology Stock Performance
Amkor Technology (NASDAQ:AMKR – Get Rating) last released its quarterly earnings results on Monday, February 13th. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). Amkor Technology had a net margin of 11.84% and a return on equity of 25.47%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company posted $0.88 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts anticipate that Amkor Technology, Inc. will post 3.14 earnings per share for the current year.
Amkor Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Tuesday, February 28th will be paid a $0.075 dividend. The ex-dividend date is Monday, February 27th. This represents a $0.30 dividend on an annualized basis and a yield of 1.09%. Amkor Technology’s payout ratio is 9.04%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on AMKR shares. DA Davidson lowered their target price on Amkor Technology to $30.00 in a research report on Friday, November 4th. StockNews.com downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday.
Amkor Technology Profile
Amkor Technology, Inc provides outsourced semiconductor packaging and test services. Its services include design, package characterization, test and wafer bumping services. The firm’s operations include production facilities, product development centers, and sales and support offices. The company was founded in 1986 and is headquartered in Tempe, AZ.
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