Cerity Partners LLC Reduces Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Cerity Partners LLC lessened its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 41.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,488 shares of the semiconductor company's stock after selling 134,660 shares during the quarter. Cerity Partners LLC owned 0.08% of Amkor Technology worth $4,868,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of Amkor Technology during the fourth quarter valued at about $27,000. Jones Financial Companies Lllp raised its holdings in shares of Amkor Technology by 353.7% during the fourth 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 in the last quarter. Hurley Capital LLC purchased a new stake in Amkor Technology in the fourth quarter worth $43,000. Blue Trust Inc. raised its holdings in Amkor Technology by 36.9% in the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 922 shares in the last quarter. Finally, 1620 Investment Advisors Inc. lifted its holdings in Amkor Technology by 24.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company's stock worth $122,000 after buying an additional 942 shares during the period. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Price Performance

Shares of Amkor Technology stock traded down $0.18 during trading on Thursday, reaching $15.97. 1,690,204 shares of the stock traded hands, compared to its average volume of 1,712,728. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 11.17 and a beta of 1.88. Amkor Technology, Inc. has a 52-week low of $14.03 and a 52-week high of $44.86. The business has a fifty day simple moving average of $19.51 and a two-hundred day simple moving average of $24.35.

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, 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%. Sell-side analysts expect 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 was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were paid a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 2.07%. The ex-dividend date was Thursday, March 13th. Amkor Technology's payout ratio is currently 23.08%.

Insider Buying and Selling at Amkor Technology

In related news, major shareholder Agnes C. Kim sold 869,565 shares of the business'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 value of $18,999,995.25. Following the completion of the transaction, the insider now owns 10,020,870 shares of the company's stock, valued at $218,956,009.50. The trade was a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kevin Engel sold 5,489 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the sale, the executive vice president now directly owns 1,388 shares in the company, valued at approximately $30,105.72. The trade was a 79.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 26.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMKR. Needham & Company LLC restated a "buy" rating and set a $34.00 target price on shares of Amkor Technology in a report 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 report on Tuesday, February 11th. Melius lowered Amkor Technology from a "buy" rating to a "hold" rating and reduced their price objective for the company from $34.00 to $30.00 in a research report on Monday, January 6th. KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a report on Thursday. Finally, Morgan Stanley cut their target price on Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating on the stock 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" 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.