MML Investors Services LLC Purchases Shares of 8,735 Amkor Technology, Inc. (NASDAQ:AMKR)

MML Investors Services LLC acquired a new position in Amkor Technology, Inc. (NASDAQ:AMKR) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 8,735 shares of the semiconductor company’s stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in Amkor Technology in the second quarter worth approximately $40,000. Larson Financial Group LLC raised its position in shares of Amkor Technology by 911.3% during the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 1,130 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Amkor Technology during the third quarter valued at $39,000. Rothschild Investment LLC purchased a new position in Amkor Technology in the 2nd quarter worth about $52,000. Finally, Ulland Investment Advisors LLC acquired a new stake in Amkor Technology during the 3rd quarter worth about $82,000. 42.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Amkor Technology Stock Up 0.8 %

AMKR opened at $26.47 on Thursday. The company has a market capitalization of $6.53 billion, a PE ratio of 17.89 and a beta of 1.84. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. Amkor Technology, Inc. has a fifty-two week low of $24.10 and a fifty-two week high of $44.86. The business has a 50-day moving average of $26.93 and a 200-day moving average of $31.64.

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

Amkor Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.0827 per share. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, December 4th. Amkor Technology’s dividend payout ratio (DPR) is 22.30%.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMKR shares. DA Davidson decreased their target price on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. The Goldman Sachs Group lowered their price objective 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 reduced their target price on Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price target on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, Morgan Stanley reduced their price objective on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Amkor Technology presently has a consensus rating of “Moderate Buy” and an average price target 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.