Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 9.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 58,677 shares of the semiconductor company’s stock after selling 6,415 shares during the quarter. Corient Private Wealth LLC’s holdings in Amkor Technology were worth $1,507,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Highland Capital Management LLC raised its holdings in Amkor Technology by 6.6% in the fourth 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 period. 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 worth $56,000 after acquiring an additional 580 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Amkor Technology by 2.0% in the 4th quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company’s stock valued at $1,020,000 after acquiring an additional 782 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Amkor Technology by 0.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company’s stock valued at $2,461,000 after acquiring an additional 785 shares in the last quarter. Finally, Freedom Investment Management Inc. boosted its position in Amkor Technology by 5.4% during the 3rd quarter. Freedom Investment Management Inc. now owns 15,476 shares of the semiconductor company’s stock worth $474,000 after purchasing an additional 792 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMKR shares. Needham & Company LLC restated a “buy” rating and set a $34.00 price objective on shares of Amkor Technology in a research note on Tuesday, February 11th. Morgan Stanley reduced their price target on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. B. Riley lowered their price objective 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. JPMorgan Chase & Co. dropped their price objective 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. Finally, Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Amkor Technology Trading Down 1.0 %

NASDAQ AMKR opened at $19.69 on Wednesday. The company’s fifty day moving average price is $22.43 and its two-hundred day moving average price is $25.93. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 13.77 and a beta of 1.88. Amkor Technology, Inc. has a 12 month low of $18.87 and a 12 month 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) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. As a group, research analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, March 13th. Amkor Technology’s dividend payout ratio is presently 23.08%.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $21.85, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kevin Engel sold 5,489 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the sale, the executive vice president now owns 1,388 shares in the company, valued at $30,105.72. The trade was a 79.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is owned by insiders.

Amkor Technology Company Profile

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.