Amkor Technology, Inc. $AMKR Shares Purchased by M&G PLC

M&G PLC lifted its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 55.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 160,217 shares of the semiconductor company’s stock after acquiring an additional 56,878 shares during the quarter. M&G PLC’s holdings in Amkor Technology were worth $8,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in Amkor Technology by 12.5% during the first quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 135 shares during the period. Arista Wealth Management LLC raised its position in shares of Amkor Technology by 1.2% in the second quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock worth $1,176,000 after acquiring an additional 157 shares during the period. CoreCap Advisors LLC raised its position in shares of Amkor Technology by 56.4% in the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 158 shares during the period. Arizona State Retirement System boosted its stake in shares of Amkor Technology by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 34,189 shares of the semiconductor company’s stock worth $2,948,000 after acquiring an additional 240 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its stake in shares of Amkor Technology by 6.7% during the 3rd quarter. Wedbush Securities Inc. now owns 4,395 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 275 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Zacks Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. B. Riley Financial cut their price target on Amkor Technology from $41.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday. Needham & Company LLC reduced their price target on Amkor Technology from $90.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, October 27th. Bank of America started coverage on Amkor Technology in a research report on Thursday, August 27th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Morgan Stanley dropped their price objective on Amkor Technology from $70.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 27th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.12.

Insider Activity at Amkor Technology

In other news, Director Douglas Alexander sold 5,000 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the director owned 29,109 shares of the company’s stock, valued at $1,600,995. The trade was a 14.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Rogers sold 5,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $59.78, for a total transaction of $298,900.00. Following the transaction, the executive vice president owned 38,904 shares of the company’s stock, valued at approximately $2,325,681.12. This trade represents a 11.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,000 shares of company stock worth $704,870 in the last ninety days. 26.40% of the stock is owned by company insiders.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $34.47 on Wednesday. The firm has a market cap of $8.54 billion, a PE ratio of 13.90, a PEG ratio of 0.44 and a beta of 2.39. The firm has a fifty day moving average of $45.98 and a 200 day moving average of $56.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.89 and a current ratio of 2.17. Amkor Technology, Inc. has a one year low of $29.76 and a one year high of $96.68.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, October 26th. The semiconductor company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.04 billion. Amkor Technology had a return on equity of 13.32% and a net margin of 8.30%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. As a group, research analysts predict that Amkor Technology, Inc. will post 2.50 EPS for the current fiscal year.

Amkor Technology Profile

Amkor Technology is a provider of outsourced semiconductor packaging and test services. It works with semiconductor companies to assemble and test integrated circuits before they are incorporated into electronic products. Its services include advanced packaging, wafer bumping, flip-chip packaging, wafer-level packaging, system-in-package solutions, and semiconductor testing. These technologies support applications in markets such as communications, automotive, computing, and consumer electronics.