Raymond James & Associates Invests in Amkor Technology, Inc.

Raymond James & Associates has recently made a significant investment in Amkor Technology, Inc. (NASDAQ: AMKR) during the third quarter, as detailed in their latest filing with the SEC. The firm acquired 168,236 shares of the semiconductor company, which amounts to an investment of about $5,148,000. Following this acquisition, Raymond James & Associates holds approximately 0.07% of Amkor Technology.

A variety of other institutional investors and hedge funds have also been adjusting their positions in Amkor Technology. Notably, M&G Plc purchased a new stake valued at around $11,435,000 in the first quarter. Similarly, Duality Advisers LP and Capital World Investors bought stakes worth $849,000 and $9,288,000, respectively, during the same period. Vanguard Group Inc. increased its stake by 1.5%, owning 14,976,630 shares valued at $482,847,000 after an additional purchase of 219,638 shares. Finally, Quantbot Technologies LP also acquired shares worth approximately $1,257,000. Currently, institutional investors and hedge funds hold about 42.76% of Amkor Technology's stock.

Amkor Technology's Stock Performance

Amkor Technology's stock was priced at $26.00 at the market opening on Friday. The company maintains a 50-day moving average of $30.21 and a 200-day moving average of $33.13. With a market capitalization of $6.41 billion, the company has a price-to-earnings ratio of 17.57 and a beta of 1.84. Over the past year, Amkor's stock has seen a low of $21.92 and a high of $44.86. Key financial ratios include a debt-to-equity ratio of 0.21, a quick ratio of 1.83, and a current ratio of 2.06.

• Amkor Stock Performance Highlights

Recently, Amkor Technology released its quarterly earnings results on October 28th. The company reported earnings per share (EPS) of $0.49 for the quarter, which fell slightly short of analysts' expectations of $0.50 by $0.01. The firm posted a return on equity of 8.98% and a net margin of 5.68%. The revenue reported for the quarter was $1.86 billion, surpassing anticipated revenue of $1.84 billion. Compared to the same time last year, the revenue increased by 2.2% as they had posted an EPS of $0.54 in the prior year.

Dividend Announcement from Amkor Technology

In addition to earnings results, Amkor Technology announced a quarterly dividend which was paid on September 23rd. Shareholders who held shares on September 3rd received a dividend of $0.079 per share, equating to an annualized dividend of $0.32 and a yield of 1.22%. The ex-dividend date for this payment was on September 3rd, and the company currently maintains a dividend payout ratio of 20.95%.

Insider Trades in Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology on October 15th for an average price of $31.51, totaling $315,100. This transaction slightly reduced his ownership, leaving him with 204,971 shares valued at approximately $6,458,636. Additionally, Director Winston J. Churchill sold 20,000 shares at an average price of $32.97, amounting to $659,400, which also resulted in a minor decrease in his shareholdings.

Analysts and Price Targets for Amkor Technology

Several analysts have recently evaluated Amkor Technology shares and provided updated price targets. JPMorgan Chase & Co. reduced its target from $48.00 to $42.00 while maintaining an "overweight" rating for the stock. StockNews.com downgraded the stock from "buy" to "hold". DA Davidson lowered its target from $40.00 to $36.00, indicating a "buy" rating. The Goldman Sachs Group also adjusted their price goal from $36.00 to $32.00, setting a "neutral" rating. Finally, Morgan Stanley decreased their target from $35.00 to $26.00 and kept an "equal weight" rating. At present, four analysts rate the stock as a hold, while six recommend buying it, leading to an overall consensus rating of "Moderate Buy" with an average target price of $35.63.

Overview of Amkor Technology

Amkor Technology, Inc. specializes in outsourced semiconductor packaging and testing services across various regions, including the United States, Japan, Europe, and Asia Pacific. They provide numerous services including wafer bumping, wafer probing, packaging design, and various testing services. The company delivers innovative solutions for mobile devices and has a strong market presence in the semiconductor industry.

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