67,552 Shares in Amkor Technology, Inc. $AMKR Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the third quarter, Holdings Channel reports. The fund bought 67,552 shares of the semiconductor company’s stock, valued at approximately $1,918,000.

Several other institutional investors also recently modified their holdings of the stock. Sequoia Financial Advisors LLC bought a new stake in Amkor Technology during the second quarter worth approximately $311,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Amkor Technology by 5.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 394,690 shares of the semiconductor company’s stock valued at $8,285,000 after buying an additional 18,737 shares during the last quarter. CWM LLC grew its position in shares of Amkor Technology by 85.3% in the second quarter. CWM LLC now owns 51,940 shares of the semiconductor company’s stock valued at $1,090,000 after purchasing an additional 23,914 shares during the last quarter. WINTON GROUP Ltd grew its holdings in Amkor Technology by 70.4% in the 2nd quarter. WINTON GROUP Ltd now owns 97,108 shares of the semiconductor company’s stock valued at $2,038,000 after buying an additional 40,129 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Amkor Technology by 118.5% in the second quarter. Allianz Asset Management GmbH now owns 353,370 shares of the semiconductor company’s stock worth $7,417,000 after acquiring an additional 191,626 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Performance

Shares of AMKR stock opened at $48.33 on Friday. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $55.17. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 38.66 and a beta of 1.99. The company has a 50-day simple moving average of $44.52 and a 200 day simple moving average of $33.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 1.77.

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd were issued a $0.0835 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s payout ratio is presently 26.40%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. The Goldman Sachs Group restated a “neutral” rating on shares of Amkor Technology in a research report on Friday, January 9th. B. Riley increased their price objective on Amkor Technology from $29.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. William Blair raised Amkor Technology to a “neutral” rating in a research note on Monday, January 12th. DA Davidson raised their price objective on Amkor Technology from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, Zacks Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Amkor Technology currently has a consensus rating of “Hold” and an average target price of $39.14.

Insider Activity

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction on Monday, November 17th. The stock was sold at an average price of $31.68, for a total value of $316,800.00. Following the completion of the transaction, the chief executive officer directly owned 346,699 shares of the company’s stock, valued at $10,983,424.32. The trade was a 2.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gil C. Tily sold 20,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $46.44, for a total value of $928,800.00. Following the sale, the director directly owned 123,806 shares in the company, valued at approximately $5,749,550.64. This trade represents a 13.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 96,000 shares of company stock worth $4,085,910. Insiders own 26.90% of the company’s stock.

Amkor Technology Company Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.