Amkor Technology, Inc. (NASDAQ:AMKR) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 522.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,134,106 shares of the semiconductor company’s stock after buying an additional 951,764 shares during the period. Wellington Management Group LLP’s holdings in Amkor Technology were worth $34,704,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CWM LLC boosted its position in shares of Amkor Technology by 15.1% during the second quarter. CWM LLC now owns 2,359 shares of the semiconductor company’s stock worth $94,000 after buying an additional 309 shares during the period. SG Americas Securities LLC grew its stake in shares of Amkor Technology by 1.3% in the second quarter. SG Americas Securities LLC now owns 23,694 shares of the semiconductor company’s stock worth $948,000 after purchasing an additional 296 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Amkor Technology by 158.3% in the second quarter. Blue Trust Inc. now owns 2,255 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 1,382 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Amkor Technology during the second quarter valued at $293,000. Finally, Riverwater Partners LLC lifted its holdings in Amkor Technology by 51.9% in the second quarter. Riverwater Partners LLC now owns 30,883 shares of the semiconductor company’s stock worth $1,236,000 after purchasing an additional 10,556 shares during the period. 42.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMKR shares. JPMorgan Chase & Co. lowered their target price on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. DA Davidson lowered their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Needham & Company LLC decreased their price target on Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Morgan Stanley dropped their price objective on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group decreased their target price on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.29.

Insider Activity

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology 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 transaction, the chief executive officer now owns 204,971 shares in the company, valued at approximately $6,458,636.21. The trade was a 4.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 31.40% of the stock is owned by company insiders.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR opened at $26.38 on Friday. The company has a market capitalization of $6.51 billion, a PE ratio of 17.82 and a beta of 1.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The stock has a fifty day moving average of $27.72 and a 200-day moving average of $32.06. Amkor Technology, Inc. has a one year low of $24.10 and a one year high of $44.86.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. As a group, equities analysts anticipate that Amkor Technology, Inc. will post 1.42 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th will be given a $0.0827 dividend. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, December 4th. Amkor Technology’s dividend payout ratio (DPR) is 22.30%.

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.