Sei Investments Co. Has $14.79 Million Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Sei Investments Co. lifted its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 11.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 575,849 shares of the semiconductor company's stock after acquiring an additional 59,822 shares during the period. Sei Investments Co. owned 0.23% of Amkor Technology worth $14,794,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMKR. American Century Companies Inc. raised its position in shares of Amkor Technology by 24.4% in the fourth quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company's stock valued at $69,594,000 after purchasing an additional 530,771 shares during the period. 1620 Investment Advisors Inc. lifted its position in Amkor Technology by 24.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company's stock worth $122,000 after acquiring an additional 942 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Amkor Technology by 41.2% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 274,000 shares of the semiconductor company's stock valued at $7,036,000 after acquiring an additional 80,000 shares during the period. Intech Investment Management LLC grew its position in shares of Amkor Technology by 131.9% in the fourth quarter. Intech Investment Management LLC now owns 22,664 shares of the semiconductor company's stock valued at $582,000 after purchasing an additional 12,892 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Amkor Technology by 8.6% in the fourth quarter. Royce & Associates LP now owns 426,548 shares of the semiconductor company's stock valued at $10,958,000 after purchasing an additional 33,798 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In related news, EVP Kevin Engel sold 5,489 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of the firm'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 transaction 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. The trade was 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 insiders.

Amkor Technology Price Performance

Shares of NASDAQ:AMKR traded down $0.24 during midday trading on Monday, reaching $18.06. The company's stock had a trading volume of 2,144,828 shares, compared to its average volume of 1,593,410. The business's fifty day simple moving average is $22.01 and its 200-day simple moving average is $25.70. The company has a market capitalization of $4.46 billion, a P/E ratio of 12.63 and a beta of 1.88. 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, Inc. has a fifty-two week low of $17.61 and a fifty-two week high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, topping 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 research analysts expect 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 will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be given 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 dividend yield of 1.83%. Amkor Technology's payout ratio is currently 23.08%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMKR. Morgan Stanley decreased their target price on Amkor Technology from $26.00 to $24.00 and set an "equal weight" 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 research note on Monday, January 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $34.00 target price on shares of Amkor Technology in a research report on Tuesday, February 11th. Melius downgraded shares of Amkor Technology from a "buy" rating to a "hold" rating and reduced their price target for the company from $34.00 to $30.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped 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. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average 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.