American Century Companies Inc. Has $69.59 Million Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

American Century Companies Inc. raised its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 24.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,709,002 shares of the semiconductor company's stock after acquiring an additional 530,771 shares during the period. American Century Companies Inc. owned about 1.10% of Amkor Technology worth $69,594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AMKR. Neo Ivy Capital Management acquired a new position in shares of Amkor Technology in the 3rd quarter valued at approximately $930,000. Geode Capital Management LLC boosted its holdings in shares of Amkor Technology by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company's stock valued at $64,101,000 after buying an additional 131,106 shares during the period. Covea Finance increased its position in shares of Amkor Technology by 47.1% during the fourth quarter. Covea Finance now owns 62,500 shares of the semiconductor company's stock worth $1,606,000 after acquiring an additional 20,000 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of Amkor Technology during the third quarter worth $1,126,000. Finally, Petrus Trust Company LTA acquired a new stake in shares of Amkor Technology during the third quarter worth $606,000. 42.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amkor Technology

In related news, EVP Kevin Engel sold 5,489 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the transaction, the executive vice president now owns 1,388 shares in the company, valued at approximately $30,105.72. This represents a 79.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction dated 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 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. Corporate insiders own 31.40% of the company's stock.

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Amkor Technology Stock Down 0.1 %

Shares of NASDAQ AMKR traded down $0.02 during trading hours on Friday, hitting $18.30. The company had a trading volume of 2,932,504 shares, compared to its average volume of 1,591,205. Amkor Technology, Inc. has a 1-year low of $18.20 and a 1-year high of $44.86. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The firm's 50 day moving average is $22.01 and its 200-day moving average is $25.74. The stock has a market capitalization of $4.52 billion, a P/E ratio of 12.80 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced 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 net margin of 5.60% and a return on equity of 8.59%. On average, analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be given a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, March 13th. Amkor Technology's dividend payout ratio (DPR) is presently 23.08%.

Wall Street Analysts Forecast Growth

AMKR has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their target price on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. B. Riley decreased their price objective on Amkor Technology from $38.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Morgan Stanley cut their target price on Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Melius downgraded Amkor Technology from a "buy" rating to a "hold" rating and reduced their price target for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. Finally, Melius Research downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

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.