Landscape Capital Management L.L.C. Invests $491,000 in Amkor Technology, Inc. (NASDAQ:AMKR)

Landscape Capital Management L.L.C. purchased a new stake in Amkor Technology, Inc. (NASDAQ:AMKR) in the third quarter, Holdings Channel reports. The firm purchased 16,056 shares of the semiconductor company’s stock, valued at approximately $491,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 1620 Investment Advisors Inc. purchased a new stake in shares of Amkor Technology in the 2nd quarter worth $31,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Amkor Technology in the second quarter valued at about $40,000. Larson Financial Group LLC raised its holdings in shares of Amkor Technology by 911.3% in the second quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,130 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Amkor Technology in the third quarter worth about $39,000. Finally, Rothschild Investment LLC bought a new position in Amkor Technology during the 2nd quarter worth about $52,000. Institutional investors own 42.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on AMKR shares. DA Davidson reduced their price target 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. Morgan Stanley lowered their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. The Goldman Sachs Group cut their price target on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. StockNews.com cut Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, Needham & Company LLC cut their target price on Amkor Technology from $45.00 to $34.00 and set a “buy” rating on the stock in a research note 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. Based on data from MarketBeat, Amkor Technology has a consensus rating of “Moderate Buy” and an average target price of $36.29.

Insider Transactions at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 204,971 shares of the company’s stock, valued at approximately $6,458,636.21. This trade represents a 4.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Winston J. Churchill sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the completion of the sale, the director now directly owns 19,871 shares in the company, valued at $655,146.87. This trade represents a 50.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.40% of the company’s stock.

Amkor Technology Trading Up 0.7 %

Shares of NASDAQ:AMKR opened at $26.54 on Friday. The business’s 50-day moving average is $28.85 and its 200 day moving average is $32.69. 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 1 year low of $24.10 and a 1 year high of $44.86. The firm has a market capitalization of $6.55 billion, a P/E ratio of 17.93 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). The company had revenue of $1.86 billion for 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 business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. On average, research analysts predict that Amkor Technology, Inc. will post 1.42 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th will be issued a $0.0827 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio (DPR) is currently 20.95%.

About Amkor Technology

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.