Intech Investment Management LLC Purchases 12,892 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Intech Investment Management LLC grew its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 131.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,664 shares of the semiconductor company’s stock after purchasing an additional 12,892 shares during the period. Intech Investment Management LLC’s holdings in Amkor Technology were worth $582,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Highland Capital Management LLC increased its stake in Amkor Technology by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 482 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Amkor Technology by 46.3% in the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after acquiring an additional 580 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Amkor Technology by 2.0% during the fourth quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company’s stock worth $1,020,000 after acquiring an additional 782 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in Amkor Technology by 0.8% during the fourth quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company’s stock valued at $2,461,000 after purchasing an additional 785 shares during the last quarter. Finally, Freedom Investment Management Inc. boosted its position in Amkor Technology by 5.4% during the third quarter. Freedom Investment Management Inc. now owns 15,476 shares of the semiconductor company’s stock valued at $474,000 after purchasing an additional 792 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective on shares of Amkor Technology in a research note on Tuesday, February 11th. B. Riley cut their price target on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Morgan Stanley cut their target price on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Finally, Melius downgraded Amkor Technology from a “buy” rating to a “hold” rating and lowered their price target for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Amkor Technology has an average rating of “Moderate Buy” and a consensus price target of $31.50.

Amkor Technology Stock Up 2.4 %

AMKR opened at $19.88 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. The company has a market capitalization of $4.91 billion, a P/E ratio of 13.90 and a beta of 1.88. Amkor Technology, Inc. has a fifty-two week low of $18.87 and a fifty-two week high of $44.86. The stock has a fifty day moving average of $22.54 and a 200-day moving average of $25.99.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. On average, equities analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, March 13th. Amkor Technology’s dividend payout ratio (DPR) is currently 23.08%.

Insider Buying and Selling

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the sale, the insider now directly owns 10,020,870 shares in the company, valued at $218,956,009.50. This represents a 7.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kevin Engel sold 5,489 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the completion of the sale, the executive vice president now directly owns 1,388 shares in the company, valued at approximately $30,105.72. This represents a 79.82 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is owned by company insiders.

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.