Acadian Asset Management LLC Invests $99,000 in Amkor Technology, Inc. (NASDAQ:AMKR)

Acadian Asset Management LLC bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) during the second quarter, HoldingsChannel reports. The institutional investor bought 3,342 shares of the semiconductor company’s stock, valued at approximately $99,000.

A number of other large investors have also recently bought and sold shares of AMKR. Nisa Investment Advisors LLC lifted its holdings in Amkor Technology by 350.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,311 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 1,020 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Amkor Technology during the first quarter valued at approximately $38,000. Chilton Capital Management LLC purchased a new position in shares of Amkor Technology during the first quarter valued at approximately $52,000. Cerity Partners LLC acquired a new stake in Amkor Technology during the first quarter worth approximately $40,427,000. Finally, Advisors Asset Management Inc. grew its stake in Amkor Technology by 57.3% in the 1st quarter. Advisors Asset Management Inc. now owns 2,936 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 1,069 shares during the period. Institutional investors and hedge funds own 38.69% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Megan Faust sold 2,700 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $22.68, for a total value of $61,236.00. Following the completion of the sale, the chief financial officer now owns 35,394 shares in the company, valued at $802,735.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $22.68, for a total transaction of $61,236.00. Following the completion of the sale, the chief financial officer now directly owns 35,394 shares of the company’s stock, valued at approximately $802,735.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $23.84, for a total transaction of $119,200.00. Following the sale, the executive vice president now directly owns 20,815 shares in the company, valued at approximately $496,229.60. The disclosure for this sale can be found here. Insiders have sold a total of 10,013,100 shares of company stock worth $232,511,953 over the last quarter. 53.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Morgan Stanley initiated coverage on Amkor Technology in a report on Thursday, November 9th. They set an “equal weight” rating and a $27.00 price objective on the stock. UBS Group began coverage on Amkor Technology in a research note on Thursday, November 16th. They issued a “buy” rating and a $31.00 price target on the stock. DA Davidson upped their price objective on shares of Amkor Technology from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, B. Riley assumed coverage on shares of Amkor Technology in a research report on Thursday, November 16th. They set a “buy” rating and a $35.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amkor Technology has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

Amkor Technology Stock Performance

Amkor Technology stock opened at $27.08 on Tuesday. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 16.41 and a beta of 1.85. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $31.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 1.65. The stock’s 50-day moving average is $22.90 and its 200-day moving average is $25.16.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. Amkor Technology had a net margin of 6.11% and a return on equity of 10.79%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm posted $1.24 earnings per share. Amkor Technology’s revenue for the quarter was down 12.6% compared to the same quarter last year. Equities analysts anticipate that Amkor Technology, Inc. will post 1.39 earnings per share for the current year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Tuesday, December 5th will be issued a $0.079 dividend. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Monday, December 4th. Amkor Technology’s dividend payout ratio is currently 18.18%.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and 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.