Freedom Investment Management Inc. Has $474,000 Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Freedom Investment Management Inc. grew its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 5.4% during the 3rd quarter, Holdings Channel reports. The firm owned 15,476 shares of the semiconductor company’s stock after purchasing an additional 792 shares during the quarter. Freedom Investment Management Inc.’s holdings in Amkor Technology were worth $474,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in Amkor Technology by 510.1% in the third quarter. BNP Paribas Financial Markets now owns 118,579 shares of the semiconductor company’s stock valued at $3,629,000 after buying an additional 99,143 shares in the last quarter. FMR LLC raised its stake in shares of Amkor Technology by 35.7% in the third quarter. FMR LLC now owns 1,555,392 shares of the semiconductor company’s stock valued at $47,595,000 after acquiring an additional 409,241 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Amkor Technology by 5.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 105,521 shares of the semiconductor company’s stock worth $3,229,000 after acquiring an additional 5,307 shares in the last quarter. West Tower Group LLC grew its position in Amkor Technology by 100.0% during the 3rd quarter. West Tower Group LLC now owns 4,000 shares of the semiconductor company’s stock worth $122,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in Amkor Technology by 162.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 194,000 shares of the semiconductor company’s stock valued at $5,936,000 after purchasing an additional 120,208 shares in the last quarter. Institutional investors own 42.76% of the company’s stock.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the completion of the transaction, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at approximately $6,458,636.21. The trade was a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 31.40% of the company’s stock.

Amkor Technology Price Performance

AMKR opened at $26.44 on Friday. The company has a fifty day moving average price of $28.50 and a two-hundred day moving average price of $32.51. The firm has a market capitalization of $6.52 billion, a PE ratio of 17.86 and a beta of 1.85. Amkor Technology, Inc. has a 52 week low of $24.10 and a 52 week high of $44.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06.

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

Amkor Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 4th will be issued a dividend of $0.0827 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.33 dividend on an annualized basis and a yield of 1.25%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s payout ratio is currently 22.30%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMKR. KeyCorp decreased their target price on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. DA Davidson decreased their price objective on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group reduced their target price on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Needham & Company LLC decreased their price target on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Amkor Technology has an average rating of “Moderate Buy” and an average target price of $36.29.

Amkor Technology Company Profile

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.