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

M&G PLC increased its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 55.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,217 shares of the semiconductor company’s stock after purchasing an additional 56,878 shares during the period. M&G PLC owned 0.06% of Amkor Technology worth $8,331,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC increased its stake in Amkor Technology by 142.5% during the 3rd quarter. Kestra Investment Management LLC now owns 6,753 shares of the semiconductor company’s stock valued at $354,000 after purchasing an additional 3,968 shares in the last quarter. AlphaCore Capital LLC raised its holdings in shares of Amkor Technology by 69.4% in the third quarter. AlphaCore Capital LLC now owns 6,465 shares of the semiconductor company’s stock worth $339,000 after buying an additional 2,648 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Amkor Technology by 8.7% in the third quarter. Retirement Systems of Alabama now owns 128,132 shares of the semiconductor company’s stock worth $6,712,000 after buying an additional 10,202 shares during the last quarter. Fulcrum Asset Management LLP lifted its stake in shares of Amkor Technology by 245.6% during the third quarter. Fulcrum Asset Management LLP now owns 12,031 shares of the semiconductor company’s stock worth $651,000 after buying an additional 8,550 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Amkor Technology by 22.4% during the third quarter. Parallel Advisors LLC now owns 8,889 shares of the semiconductor company’s stock worth $466,000 after buying an additional 1,629 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amkor Technology

In related news, Director Douglas Alexander sold 5,000 shares of the firm’s stock in a transaction on 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 transaction, the director owned 29,109 shares of the company’s stock, valued at $1,600,995. This trade represents a 14.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 on Tuesday, October 13th. The shares were sold at an average price of $46.92, for a total transaction of $46,920.00. Following the transaction, the chief financial officer owned 133,105 shares of the company’s stock, valued at $6,245,286.60. This represents a 0.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 13,000 shares of company stock worth $704,870. 26.40% of the stock is currently owned by company insiders.

Amkor Technology Stock Performance

AMKR opened at $34.47 on Wednesday. Amkor Technology, Inc. has a 12-month low of $29.76 and a 12-month high of $96.68. The company has a current ratio of 2.17, a quick ratio of 1.89 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $8.54 billion, a PE ratio of 13.90, a P/E/G ratio of 0.44 and a beta of 2.39. The firm has a 50 day moving average of $45.98 and a two-hundred day moving average of $56.52.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, October 26th. The semiconductor company reported $0.76 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 net margin of 8.30% and a return on equity of 13.32%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, analysts anticipate that Amkor Technology, Inc. will post 2.50 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group set a $56.00 price objective on shares of Amkor Technology in a report on Tuesday, October 27th. Wall Street Zen lowered Amkor Technology from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. B. Riley Financial lowered their price target on Amkor Technology from $41.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday. Needham & Company LLC dropped their price target on Amkor Technology from $90.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, October 27th. Finally, Morgan Stanley dropped their price target on Amkor Technology from $70.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 27th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.12.

About Amkor Technology

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.