62,273 Shares in Amkor Technology, Inc. $AMKR Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,273 shares of the semiconductor company’s stock, valued at approximately $3,262,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Amkor Technology in the second quarter valued at approximately $1,060,005,000. Jefferies Financial Group Inc. acquired a new position in shares of Amkor Technology during the 2nd quarter worth approximately $13,491,000. Public Employees Retirement System of Ohio acquired a new position in shares of Amkor Technology during the 2nd quarter worth approximately $3,575,000. Vontobel Holding Ltd. purchased a new stake in Amkor Technology in the 3rd quarter valued at approximately $3,339,000. Finally, Corient Private Wealth LP lifted its stake in Amkor Technology by 142.7% in the 2nd quarter. Corient Private Wealth LP now owns 158,037 shares of the semiconductor company’s stock valued at $13,628,000 after buying an additional 92,929 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AMKR shares. The Goldman Sachs Group set a $56.00 price target on Amkor Technology in a research report on Tuesday, October 27th. Morgan Stanley reduced their price objective on Amkor Technology from $70.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 27th. Bank of America started coverage on Amkor Technology in a research note on Thursday, August 27th. They set a “buy” rating and a $70.00 price objective on the stock. B. Riley Financial cut their target price on shares of Amkor Technology from $46.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, October 27th. Finally, Zacks Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Amkor Technology currently has an average rating of “Hold” and a consensus target price of $62.50.

Insider Activity

In other news, EVP Mark Rogers sold 5,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $59.78, for a total transaction of $298,900.00. Following the transaction, the executive vice president directly owned 38,904 shares in the company, valued at $2,325,681.12. This represents a 11.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Megan Faust sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $46.92, for a total value of $46,920.00. Following the sale, the chief financial officer directly owned 133,105 shares of the company’s stock, valued at approximately $6,245,286.60. This trade represents a 0.75% 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 sold a total of 13,000 shares of company stock valued at $724,320 in the last 90 days. 26.40% of the stock is currently owned by insiders.

Amkor Technology Trading Up 7.6%

AMKR stock traded up $2.33 during midday trading on Friday, hitting $32.82. The stock had a trading volume of 7,212,895 shares, compared to its average volume of 5,524,238. The company’s 50-day moving average price is $46.50 and its 200 day moving average price is $56.70. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.17 and a quick ratio of 1.89. The firm has a market cap of $8.13 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 0.46 and a beta of 2.39. Amkor Technology, Inc. has a 12-month low of $29.76 and a 12-month 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 (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business 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%. Amkor Technology’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. On average, equities research analysts predict that Amkor Technology, Inc. will post 2.50 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd were paid a dividend of $0.0835 per share. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.0%. Amkor Technology’s dividend payout ratio is currently 13.31%.

About Amkor Technology

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The company helps semiconductor manufacturers and electronics companies assemble, package and test integrated circuits before they are incorporated into finished electronic products.

Amkor’s services include wafer bumping, wafer-level packaging, flip-chip packaging, system-in-package solutions, fan-out packaging, leadframe and laminate-based packaging, and semiconductor testing. Its products and services support applications including mobile and consumer electronics, communications, automotive, computing, industrial equipment, and memory devices.

Founded in 1968, Amkor has grown into a global semiconductor supply-chain partner with manufacturing and testing operations across regions including Asia, Europe and the United States.