Alliancebernstein L.P. Buys 556,761 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Alliancebernstein L.P. lifted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 15.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,081,481 shares of the semiconductor company's stock after acquiring an additional 556,761 shares during the period. Alliancebernstein L.P. owned approximately 1.65% of Amkor Technology worth $104,853,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Neo Ivy Capital Management acquired a new stake in shares of Amkor Technology in the third quarter valued at approximately $930,000. Geode Capital Management LLC boosted its position in shares of 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 worth $64,101,000 after acquiring an additional 131,106 shares in the last quarter. Covea Finance raised its position in Amkor Technology by 47.1% during the fourth quarter. Covea Finance now owns 62,500 shares of the semiconductor company's stock valued at $1,606,000 after purchasing an additional 20,000 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of Amkor Technology in the 3rd quarter valued at $1,126,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Amkor Technology during the 4th quarter worth $5,666,000. 42.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amkor Technology news, EVP Kevin Engel sold 5,489 shares of the firm'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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Agnes C. Kim sold 869,565 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total value of $18,999,995.25. Following the sale, the insider now owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. This represents a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by insiders.

Amkor Technology Stock Up 1.2 %

Shares of AMKR stock traded up $0.18 during trading hours on Monday, reaching $15.06. The company had a trading volume of 997,293 shares, compared to its average volume of 1,653,508. The business has a fifty day simple moving average of $21.11 and a 200-day simple moving average of $25.24. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 10.56 and a beta of 1.88. 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, Inc. has a 12 month low of $14.03 and a 12 month high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, topping the consensus estimate 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, research analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th were paid a dividend of $0.0827 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.33 annualized dividend and a dividend yield of 2.20%. Amkor Technology's payout ratio is 23.08%.

Analyst Ratings Changes

AMKR has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price 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. Needham & Company LLC restated a "buy" rating and set a $34.00 price objective 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 cut their price target for the company from $34.00 to $30.00 in a research note on Monday, January 6th. Melius Research downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their target price on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $31.50.

Amkor Technology 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.