30,368 Shares in Amkor Technology, Inc. (NASDAQ:AMKR) Bought by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 30,368 shares of the semiconductor company’s stock, valued at approximately $930,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valley Wealth Managers Inc. increased its holdings in Amkor Technology by 115.1% in the third quarter. Valley Wealth Managers Inc. now owns 730,701 shares of the semiconductor company’s stock worth $22,359,000 after buying an additional 391,002 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Amkor Technology during the 2nd quarter valued at $874,000. General American Investors Co. Inc. acquired a new stake in shares of Amkor Technology in the 3rd quarter valued at $3,060,000. Chase Investment Counsel Corp acquired a new position in Amkor Technology during the second quarter worth $3,481,000. Finally, Principal Financial Group Inc. raised its holdings in Amkor Technology by 212.6% during the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock valued at $41,647,000 after buying an additional 925,644 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Up 2.4 %

Shares of AMKR stock opened at $26.69 on Thursday. Amkor Technology, Inc. has a one year low of $24.10 and a one year high of $44.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The stock has a fifty day moving average price of $27.77 and a 200 day moving average price of $32.10. The stock has a market cap of $6.58 billion, a P/E ratio of 18.03 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm posted $0.54 earnings per share. Amkor Technology’s revenue was up 2.2% on a year-over-year basis. Analysts predict that Amkor Technology, Inc. will post 1.42 earnings per share for the current year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 4th will be paid a $0.0827 dividend. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.33 annualized dividend and a yield of 1.24%. Amkor Technology’s payout ratio is currently 22.30%.

Insider Buying and Selling at Amkor Technology

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the sale, the chief executive officer now owns 204,971 shares in the company, valued at approximately $6,458,636.21. This represents a 4.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 31.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMKR. Needham & Company LLC lowered their price objective on Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group decreased their price objective on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Morgan Stanley dropped their target price on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a report 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 report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.29.

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.