Riverwater Partners LLC Has $1.28 Million Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Riverwater Partners LLC boosted its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 39.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 42,946 shares of the semiconductor company’s stock after buying an additional 12,063 shares during the period. Riverwater Partners LLC’s holdings in Amkor Technology were worth $1,276,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Guidance Capital Inc. bought a new stake in shares of Amkor Technology during the third quarter worth $315,000. Lecap Asset Management Ltd. bought a new position in Amkor Technology during the 3rd quarter worth about $570,000. Palouse Capital Management Inc. bought a new stake in shares of Amkor Technology in the third quarter valued at about $127,000. Vest Financial LLC boosted its position in shares of Amkor Technology by 66.9% during the third quarter. Vest Financial LLC now owns 49,525 shares of the semiconductor company’s stock worth $1,515,000 after buying an additional 19,852 shares during the period. Finally, Raymond James & Associates acquired a new stake in Amkor Technology in the 3rd quarter valued at approximately $5,148,000. Institutional investors own 42.76% of the company’s stock.

Insider Activity

In related news, Director Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’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 in the company, valued at $6,458,636.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Winston J. Churchill sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total value of $659,400.00. Following the completion of the sale, the director now directly owns 19,871 shares in the company, valued at approximately $655,146.87. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is owned by company insiders.

Amkor Technology Stock Down 1.6 %

AMKR opened at $29.48 on Thursday. The stock’s fifty day simple moving average is $30.91 and its 200 day simple moving average is $33.36. Amkor Technology, Inc. has a 1-year low of $17.58 and a 1-year high of $44.86. The stock has a market cap of $7.25 billion, a PE ratio of 19.39 and a beta of 1.84. The company has a current ratio of 2.08, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.45 billion. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. As a group, research analysts expect that Amkor Technology, Inc. will post 1.55 earnings per share for the current year.

Amkor Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd were given a $0.079 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Tuesday, September 3rd. Amkor Technology’s payout ratio is 20.39%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AMKR shares. JPMorgan Chase & Co. initiated coverage on shares of Amkor Technology in a research report on Monday, July 1st. They issued an “overweight” rating and a $48.00 target price for the company. StockNews.com raised Amkor Technology from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Morgan Stanley increased their price target on Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 2nd. KeyCorp began coverage on Amkor Technology in a research report on Friday, September 20th. They set an “overweight” rating and a $38.00 price target on the stock. Finally, Needham & Company LLC increased their price objective on Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amkor Technology has an average rating of “Moderate Buy” and a consensus price target of $40.75.

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.