Ceredex Value Advisors LLC Has $46.80 Million Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Ceredex Value Advisors LLC boosted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 30.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,821,700 shares of the semiconductor company's stock after buying an additional 429,200 shares during the quarter. Ceredex Value Advisors LLC owned 0.74% of Amkor Technology worth $46,799,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in Amkor Technology during the 4th quarter valued at about $27,000. Jones Financial Companies Lllp grew its holdings in shares of Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 1,160 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Amkor Technology by 421.0% in the fourth 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 during the last quarter. Hurley Capital LLC acquired a new stake in Amkor Technology during the fourth quarter valued at $43,000. Finally, Blue Trust Inc. boosted its position in Amkor Technology by 36.9% during the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after purchasing an additional 922 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 of the company's stock, valued at $218,956,009.50. The trade was a 7.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 1,388 shares of the company's stock, valued at $30,105.72. This trade represents a 79.82 % decrease in their position. The disclosure for this sale can be found here. 26.90% of the stock is currently owned by company insiders.

Amkor Technology Stock Performance

Shares of AMKR traded down $0.18 during mid-day trading on Friday, hitting $15.97. The company's stock had a trading volume of 1,690,209 shares, compared to its average volume of 1,718,717. The stock's 50-day moving average is $19.23 and its two-hundred day moving average is $24.15. The firm has a market capitalization of $3.95 billion, a PE ratio of 11.17 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 one year low of $14.03 and a one year high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (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%. As a group, sell-side analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th were issued a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Thursday, March 13th. Amkor Technology's payout ratio is presently 23.08%.

Analysts Set New Price Targets

AMKR has been the subject of a number of recent research reports. KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a research note on Thursday. B. Riley reduced 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. Melius Research downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Finally, Melius cut 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. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" 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.