Bridgewater Associates LP increased its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 18.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 526,238 shares of the semiconductor company's stock after purchasing an additional 82,111 shares during the quarter. Bridgewater Associates LP owned 0.21% of Amkor Technology worth $13,519,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Amkor Technology during the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp increased its position in shares of Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock valued at $38,000 after buying an additional 1,160 shares during the period. Bessemer Group Inc. raised its position in shares of Amkor Technology by 421.0% in the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 1,242 shares in the last quarter. Hurley Capital LLC purchased a new position in Amkor Technology during the fourth quarter valued at $43,000. Finally, Blue Trust Inc. boosted its stake in Amkor Technology by 36.9% during the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock worth $88,000 after acquiring an additional 922 shares in the last quarter. Institutional investors own 42.76% of the company's stock.
Insiders Place Their Bets
In other news, 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 transaction of $119,056.41. Following 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 filing with the SEC, which is available at the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction dated 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 sale, the insider now owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. The trade was a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.90% of the stock is currently owned by insiders.
Analysts Set New Price Targets
AMKR has been the topic of several recent analyst reports. KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Melius lowered shares of 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 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. Morgan Stanley reduced their price objective on Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Finally, Needham & Company LLC restated a "buy" rating and set a $34.00 price target on shares of Amkor Technology in a research note on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $31.50.
View Our Latest Report on Amkor Technology
Amkor Technology Stock Up 1.0 %
NASDAQ AMKR traded up $0.15 on Tuesday, reaching $16.04. 298,160 shares of the stock traded hands, compared to its average volume of 1,719,145. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 11.22 and a beta of 1.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $44.86. The company has a fifty day moving average price of $19.11 and a 200-day moving average price of $23.98.
Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (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%. As a group, research analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.
Amkor Technology Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were given a $0.0827 dividend. This represents a $0.33 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, March 13th. Amkor Technology's payout ratio is 23.08%.
Amkor Technology Profile
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Free Report)
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.
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