Wellington Management Group LLP Raises Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Wellington Management Group LLP lifted its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 34.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,529,348 shares of the semiconductor company's stock after buying an additional 395,242 shares during the quarter. Wellington Management Group LLP owned approximately 0.62% of Amkor Technology worth $39,289,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AMKR. SBI Securities Co. Ltd. purchased a new position in Amkor Technology during the 4th quarter valued at approximately $27,000. Jones Financial Companies Lllp boosted its position 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 during the last quarter. Blue Trust Inc. grew its holdings in shares of Amkor Technology by 36.9% in 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 in the last quarter. Quarry LP increased its position 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 last quarter. Finally, 1620 Investment Advisors Inc. raised its stake in Amkor Technology by 24.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company's stock valued at $122,000 after purchasing an additional 942 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently weighed in on AMKR shares. Morgan Stanley reduced 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 report on Tuesday, February 11th. Melius Research cut 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 issued a $34.00 price objective on shares of Amkor Technology in a research note on Tuesday, February 11th. Melius cut 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. Finally, JPMorgan Chase & Co. decreased their price target on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $31.50.

Insider Activity at Amkor Technology

In related news, 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 directly owns 10,020,870 shares in the company, 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 the SEC website. Also, EVP Kevin Engel sold 5,489 shares of the company's 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 sale, the executive vice president now directly owns 1,388 shares of the company's stock, valued at approximately $30,105.72. This trade represents 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 owned by company insiders.

Amkor Technology Trading Up 3.4 %

AMKR traded up $0.55 during trading hours on Friday, reaching $16.54. 2,409,764 shares of the company's stock traded hands, compared to its average volume of 1,697,635. The firm has a 50-day moving average price of $19.98 and a 200 day moving average price of $24.60. The firm has a market capitalization of $4.09 billion, a PE ratio of 11.57 and a beta of 1.88. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a 52-week low of $14.03 and a 52-week high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its earnings results 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, sell-side analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Cuts Dividend

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

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.