Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 98.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,026 shares of the semiconductor company's stock after selling 693,529 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Amkor Technology were worth $360,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AMKR. Vanguard Group Inc. increased its position in Amkor Technology by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company's stock valued at $402,414,000 after buying an additional 1,092,002 shares in the last quarter. State Street Corp grew its stake in shares of Amkor Technology by 5.6% during 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 during the last quarter. American Century Companies Inc. increased its holdings in shares of Amkor Technology by 24.4% during 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 acquiring an additional 530,771 shares in the last quarter. Geode Capital Management LLC raised its position 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 purchasing an additional 131,106 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Amkor Technology by 6.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,006,273 shares of the semiconductor company's stock worth $51,541,000 after purchasing an additional 127,361 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMKR has been the topic of a number of research analyst reports. Melius lowered shares of Amkor Technology from a "buy" rating to a "hold" rating and dropped their price objective for the company from $34.00 to $30.00 in a report on Monday, January 6th. B. Riley reduced their price objective on 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 lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a report on Thursday. Finally, Morgan Stanley decreased their price objective on shares of 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. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.50.

Amkor Technology Trading Down 1.1 %

NASDAQ:AMKR traded down $0.18 on Friday, reaching $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 firm has a market cap of $3.95 billion, a price-to-earnings ratio of 11.17 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 12-month low of $14.03 and a 12-month high of $44.86. The stock has a 50 day moving average price of $19.23 and a 200 day moving average price of $24.15.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share 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%. On average, equities analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal 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 paid a $0.0827 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 2.07%. Amkor Technology's payout ratio is presently 23.08%.

Insider Activity

In other Amkor Technology news, EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value 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. The trade was a 79.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of the business's stock in a transaction dated Monday, February 24th. The stock was 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 in the company, valued at $218,956,009.50. This trade represents a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 26.90% of the company's stock.

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.