Harvest Fund Management Co. Ltd raised its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 41.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 274,000 shares of the semiconductor company's stock after purchasing an additional 80,000 shares during the quarter. Harvest Fund Management Co. Ltd owned about 0.11% of Amkor Technology worth $7,036,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. raised its position in shares of Amkor Technology by 24,383.3% in the 3rd quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company's stock worth $115,899,000 after buying an additional 3,772,095 shares during the period. State Street Corp increased its position in shares of Amkor Technology by 5.6% in the third quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company's stock worth $102,688,000 after acquiring an additional 176,528 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Amkor Technology by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company's stock valued at $64,101,000 after acquiring an additional 131,106 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Amkor Technology by 6.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,006,273 shares of the semiconductor company's stock valued at $51,541,000 after acquiring an additional 127,361 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Amkor Technology by 44.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,972,293 shares of the semiconductor company's stock worth $50,665,000 after purchasing an additional 611,209 shares during the period. Institutional investors and hedge funds own 42.76% of the company's stock.
Amkor Technology Price Performance
Shares of Amkor Technology stock remained flat at $19.42 on Friday. The stock had a trading volume of 14,880,287 shares, compared to its average volume of 1,519,435. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The business's 50-day simple moving average is $22.65 and its 200-day simple moving average is $26.08. The firm has a market capitalization of $4.79 billion, a PE ratio of 13.58 and a beta of 1.88. Amkor Technology, Inc. has a 12 month low of $18.87 and a 12 month high of $44.86.
Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share 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%. Equities research analysts forecast 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 will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, March 13th. Amkor Technology's payout ratio is currently 23.08%.
Insider Transactions at Amkor Technology
In related news, EVP Kevin Engel sold 5,489 shares of the firm's stock in a transaction 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 directly owns 1,388 shares in the company, valued at $30,105.72. This trade represents a 79.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Agnes C. Kim sold 869,565 shares of the business's stock in a transaction 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 sale, the insider now owns 10,020,870 shares of the company's stock, valued at approximately $218,956,009.50. The trade was a 7.98 % decrease in their position. The disclosure for this sale can be found here. Insiders own 31.40% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on AMKR shares. Needham & Company LLC reissued a "buy" rating and issued a $34.00 price objective on shares of Amkor Technology in a research report on Tuesday, February 11th. Melius Research lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Morgan Stanley decreased their price target on Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. 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 research note on Tuesday, February 11th. Finally, B. Riley decreased 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. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Amkor Technology has an average rating of "Moderate Buy" and an average price target of $31.50.
Check Out Our Latest Report on AMKR
About Amkor Technology
(
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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