Allianz Asset Management GmbH Purchases 166,091 Shares of Amkor Technology, Inc. $AMKR

Allianz Asset Management GmbH boosted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 47.0% during the third quarter, Holdings Channel.com reports. The firm owned 519,461 shares of the semiconductor company’s stock after acquiring an additional 166,091 shares during the quarter. Allianz Asset Management GmbH’s holdings in Amkor Technology were worth $14,753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in shares of Amkor Technology by 55.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,576 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 914 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Amkor Technology by 122.2% during the third quarter. Thrivent Financial for Lutherans now owns 59,460 shares of the semiconductor company’s stock valued at $1,688,000 after purchasing an additional 32,702 shares during the period. AlphaQuest LLC purchased a new stake in Amkor Technology in the 3rd quarter worth approximately $260,000. Arizona State Retirement System increased its stake in shares of Amkor Technology by 1.4% in the third quarter. Arizona State Retirement System now owns 36,553 shares of the semiconductor company’s stock worth $1,038,000 after purchasing an additional 503 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC purchased a new stake in Amkor Technology in the 3rd quarter worth $1,918,000. 42.76% of the stock is currently owned by institutional investors.

Insider Activity at Amkor Technology

In other Amkor Technology news, EVP Kevin Engel sold 11,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $46.21, for a total transaction of $508,310.00. Following the transaction, the executive vice president owned 349 shares in the company, valued at $16,127.29. The trade was a 96.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark N. Rogers sold 20,000 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $31.69, for a total transaction of $633,800.00. Following the completion of the sale, the executive vice president directly owned 23,862 shares in the company, valued at approximately $756,186.78. This represents a 45.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 96,000 shares of company stock valued at $4,085,910 over the last three months. Corporate insiders own 26.90% of the company’s stock.

Wall Street Analysts Forecast Growth

AMKR has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Zacks Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. William Blair raised Amkor Technology to a “neutral” rating in a research note on Monday, January 12th. UBS Group downgraded Amkor Technology from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $38.00 to $55.00 in a research note on Monday, January 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Amkor Technology in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.14.

Amkor Technology Trading Up 11.5%

Shares of AMKR stock opened at $49.36 on Friday. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $55.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.77 and a quick ratio of 1.60. The stock’s 50 day simple moving average is $45.70 and its two-hundred day simple moving average is $34.36. The company has a market cap of $12.20 billion, a PE ratio of 39.49 and a beta of 2.00.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were given a $0.0835 dividend. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, December 3rd. Amkor Technology’s dividend payout ratio is 26.40%.

Amkor Technology 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.