Amkor Technology, Inc. (NASDAQ:AMKR) Stock Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 571,448 shares of the semiconductor company's stock after purchasing an additional 44,689 shares during the period. Envestnet Asset Management Inc. owned 0.23% of Amkor Technology worth $14,680,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of Amkor Technology by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company's stock worth $64,101,000 after purchasing an additional 131,106 shares during the period. Covea Finance grew its stake in Amkor Technology by 47.1% during the fourth quarter. Covea Finance now owns 62,500 shares of the semiconductor company's stock worth $1,606,000 after buying an additional 20,000 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Amkor Technology in the fourth quarter worth $5,666,000. Blue Trust Inc. raised its stake in shares of Amkor Technology by 36.9% in the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after acquiring an additional 922 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Amkor Technology by 212.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock valued at $41,647,000 after acquiring an additional 925,644 shares during the period. Hedge funds and other institutional investors own 42.76% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on AMKR. KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. B. Riley downgraded Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday. Melius Research lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Morgan Stanley lowered 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 report on Tuesday, February 11th. Finally, Melius cut shares of Amkor Technology from a "buy" rating to a "hold" rating and reduced their target price for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $31.50.

Amkor Technology Stock Up 0.4 %

Shares of NASDAQ:AMKR traded up $0.07 during midday trading on Tuesday, reaching $15.96. The company had a trading volume of 1,787,964 shares, compared to its average volume of 1,728,710. The stock has a market capitalization of $3.94 billion, a P/E ratio of 11.16 and a beta of 1.88. The stock's fifty day moving average price is $18.99 and its 200-day moving average price is $23.92. 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 one year low of $14.03 and a one year high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its 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%. Equities research analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were issued a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, March 13th. Amkor Technology's dividend payout ratio is presently 23.08%.

Insider Transactions at Amkor Technology

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 10,020,870 shares of the company's stock, valued at $218,956,009.50. This trade represents a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kevin Engel sold 5,489 shares of the company'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 value of $119,056.41. Following the transaction, the executive vice president now directly owns 1,388 shares of the company's stock, valued at $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. Insiders own 26.90% of the company's stock.

Amkor Technology Company 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.