Massachusetts Financial Services Co. MA Has $4.70 Million Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Massachusetts Financial Services Co. MA raised its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,072 shares of the semiconductor company's stock after purchasing an additional 22,081 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.07% of Amkor Technology worth $4,703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Amkor Technology during the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp boosted its stake in 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 during the last quarter. Blue Trust Inc. grew its holdings in Amkor Technology by 36.9% during the 4th 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. 1620 Investment Advisors Inc. increased its position in shares of Amkor Technology by 24.6% in the 4th quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company's stock worth $122,000 after purchasing an additional 942 shares during the last quarter. Finally, Ulland Investment Advisors LLC raised its stake in shares of Amkor Technology by 168.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 7,190 shares of the semiconductor company's stock valued at $185,000 after purchasing an additional 4,510 shares in the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Stock Performance

Shares of AMKR stock traded up $0.55 during trading hours on Friday, reaching $16.54. The stock had a trading volume of 2,409,764 shares, compared to its average volume of 1,697,635. The firm has a market capitalization of $4.09 billion, a PE ratio of 11.57 and a beta of 1.88. The firm has a 50-day simple moving average of $19.98 and a 200-day simple moving average of $24.60. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve 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 announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating 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, equities analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were given a dividend of $0.0827 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a yield of 2.00%. Amkor Technology's dividend payout ratio (DPR) is presently 23.08%.

Insiders Place Their Bets

In related news, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 10,020,870 shares of the company's stock, valued at $218,956,009.50. This represents a 7.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the executive vice president now owns 1,388 shares of the company's stock, valued at $30,105.72. The trade was a 79.82 % 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 insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on AMKR shares. JPMorgan Chase & Co. lowered their price objective on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Melius Research downgraded Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Needham & Company LLC restated a "buy" rating and set a $34.00 price objective on shares of Amkor Technology in a research note on Tuesday, February 11th. B. Riley lowered 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, Melius cut shares of Amkor Technology from a "buy" rating to a "hold" rating and dropped their target price for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Five 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, the stock has a consensus rating of "Moderate Buy" and a consensus 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.