Headlands Technologies LLC Has $649,000 Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Headlands Technologies LLC lifted its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 438.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,261 shares of the semiconductor company's stock after purchasing an additional 20,568 shares during the period. Headlands Technologies LLC's holdings in Amkor Technology were worth $649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new position in Amkor Technology during the 4th quarter worth approximately $32,479,000. Vanguard Group Inc. raised its position in shares of Amkor Technology by 7.5% during the fourth 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 during the period. Wellington Management Group LLP grew its position in shares of Amkor Technology by 522.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,134,106 shares of the semiconductor company's stock valued at $34,704,000 after purchasing an additional 951,764 shares during the period. Principal Financial Group Inc. raised its holdings in Amkor Technology by 212.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock worth $41,647,000 after buying an additional 925,644 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Amkor Technology by 15.8% in the fourth quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company's stock valued at $104,853,000 after buying an additional 556,761 shares during the period. Institutional investors own 42.76% of the company's stock.

Amkor Technology Price Performance

Shares of NASDAQ AMKR traded up $0.29 during trading hours on Monday, hitting $15.17. 1,095,318 shares of the stock were exchanged, compared to its average volume of 1,653,851. Amkor Technology, Inc. has a 1-year low of $14.03 and a 1-year high of $44.86. The company's fifty day simple moving average is $21.11 and its two-hundred day simple moving average is $25.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. The company has a market cap of $3.75 billion, a PE ratio of 10.48 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued 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 return on equity of 8.59% and a net margin of 5.60%. On average, sell-side analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current 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 $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Thursday, March 13th. Amkor Technology's payout ratio is 23.08%.

Insider Activity at Amkor Technology

In related 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 sale, the executive vice president now owns 1,388 shares of the company's stock, valued at $30,105.72. This trade represents a 79.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. This trade 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 company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on AMKR shares. Melius Research lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their price target on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Morgan Stanley dropped their price objective 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. 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 note on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $34.00 price target on shares of Amkor Technology in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.