Amundi Cuts Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Amundi lowered its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 51.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Amkor Technology in the fourth quarter worth about $27,000. Jones Financial Companies Lllp grew its holdings in Amkor Technology by 353.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 1,160 shares during the period. Larson Financial Group LLC grew its holdings in 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 purchasing an additional 580 shares during the period. Blue Trust Inc. grew its holdings in Amkor Technology by 36.9% in the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 922 shares during the period. Finally, Quarry LP grew its holdings in Amkor Technology by 421.8% in the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company's stock worth $96,000 after purchasing an additional 2,535 shares during the period. Hedge funds and other institutional investors own 42.76% of the company's stock.

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Amkor Technology Price Performance

Amkor Technology stock remained flat at $19.42 during midday trading on Friday. 14,880,287 shares of the company were exchanged, compared to its average volume of 1,516,137. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 13.58 and a beta of 1.88. The company's 50 day simple moving average is $22.65 and its 200 day simple moving average is $26.11. 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 - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share 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%. As a group, equities analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.0827 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a yield of 1.70%. Amkor Technology's dividend payout ratio is currently 23.08%.

Wall Street Analyst Weigh In

AMKR has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Morgan Stanley dropped their target price on shares of 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. Needham & Company LLC reiterated a "buy" rating and issued a $34.00 target price on shares of Amkor Technology in a research note on Tuesday, February 11th. Melius Research downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, B. Riley dropped their target price on shares of Amkor Technology from $38.00 to $32.00 and set a "buy" 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 given a buy rating to the company's stock. According to data from MarketBeat.com, Amkor Technology presently has an average rating of "Moderate Buy" and a consensus target price of $31.50.

Insider Buying and Selling at Amkor Technology

In other news, EVP Kevin Engel sold 5,489 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the completion of the sale, the executive vice president now directly owns 1,388 shares of the company's stock, valued at $30,105.72. This represents a 79.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the sale, the insider now directly owns 10,020,870 shares of the company's stock, 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 owned by corporate insiders.

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.