Amundi cut its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 51.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,137 shares of the semiconductor company’s stock after selling 57,150 shares during the quarter. Amundi’s holdings in Amkor Technology were worth $1,382,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Amkor Technology during the 4th quarter worth approximately $27,000. Jones Financial Companies Lllp increased its holdings in Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after buying an additional 1,160 shares during the last quarter. Larson Financial Group LLC raised its position in Amkor Technology by 46.3% during the third quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $56,000 after acquiring an additional 580 shares in the last quarter. Blue Trust Inc. lifted its stake in Amkor Technology by 36.9% in the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 922 shares during the last quarter. Finally, Quarry LP grew its position in shares of Amkor Technology by 421.8% in the 3rd quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock valued at $96,000 after acquiring an additional 2,535 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
AMKR has been the topic of several research analyst reports. Melius Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Morgan Stanley cut their price target on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. B. Riley decreased their price objective on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and set a $34.00 target price on shares of Amkor Technology in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.50.
Amkor Technology Stock Down 0.2 %
Shares of Amkor Technology stock opened at $19.55 on Wednesday. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 13.67 and a beta of 1.88. The stock’s 50-day moving average is $23.03 and its 200 day moving average is $26.30. Amkor Technology, Inc. has a one year low of $18.87 and a one year high of $44.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current year.
Amkor Technology Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 annualized dividend and a dividend yield of 1.69%. Amkor Technology’s payout ratio is currently 23.08%.
Insider Buying and Selling
In other news, major shareholder Agnes C. Kim sold 869,565 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the transaction, the insider now directly owns 10,020,870 shares in the company, valued at $218,956,009.50. The trade was a 7.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kevin Engel sold 5,489 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the transaction, the executive vice president now directly owns 1,388 shares of the company’s stock, valued at $30,105.72. The trade was a 79.82 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by 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.
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