Orion Portfolio Solutions LLC Has $274,000 Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Orion Portfolio Solutions LLC raised its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 27.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,651 shares of the semiconductor company’s stock after purchasing an additional 2,297 shares during the period. Orion Portfolio Solutions LLC’s holdings in Amkor Technology were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMKR. Vanguard Group Inc. lifted its holdings in shares of Amkor Technology by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company’s stock worth $402,414,000 after purchasing an additional 1,092,002 shares in the last quarter. State Street Corp lifted its holdings in shares of Amkor Technology by 5.6% in the third quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company’s stock valued at $102,688,000 after purchasing an additional 176,528 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Amkor Technology by 24.4% during the fourth quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company’s stock valued at $69,594,000 after buying an additional 530,771 shares during the last quarter. Geode Capital Management LLC lifted its stake in Amkor Technology by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock valued at $64,101,000 after acquiring an additional 131,106 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Amkor Technology by 6.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,006,273 shares of the semiconductor company’s stock valued at $51,541,000 after acquiring an additional 127,361 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amkor Technology news, EVP Kevin Engel sold 5,489 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total transaction of $119,056.41. Following the completion of the transaction, the executive vice president now owns 1,388 shares in the company, valued at $30,105.72. This trade represents a 79.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of the business’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 owns 10,020,870 shares in the company, valued at $218,956,009.50. This represents a 7.98 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 31.40% of the company’s stock.

Amkor Technology Price Performance

Shares of AMKR opened at $17.98 on Thursday. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $44.86. The company has a market capitalization of $4.44 billion, a P/E ratio of 12.57 and a beta of 1.88. The firm has a 50 day moving average of $20.30 and a 200 day moving average of $24.80. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, topping 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%. As a group, equities research analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were given a dividend of $0.0827 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.33 annualized dividend and a yield of 1.84%. Amkor Technology’s dividend payout ratio (DPR) is presently 23.08%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMKR. JPMorgan Chase & Co. lowered their target price on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Morgan Stanley reduced their price objective on 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. Needham & Company LLC restated a “buy” rating and set a $34.00 price target on shares of Amkor Technology in a research report on Tuesday, February 11th. Melius lowered Amkor Technology from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Finally, B. Riley cut their target price on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.50.

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.