First Eagle Investment Management LLC Has $13.65 Million Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

First Eagle Investment Management LLC trimmed its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 9.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 531,300 shares of the semiconductor company's stock after selling 56,599 shares during the period. First Eagle Investment Management LLC owned 0.22% of Amkor Technology worth $13,649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Swiss National Bank increased its stake in shares of Amkor Technology by 0.8% in the 4th quarter. Swiss National Bank now owns 218,100 shares of the semiconductor company's stock valued at $5,603,000 after buying an additional 1,800 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Amkor Technology in the 4th quarter valued at $2,821,000. Raymond James Financial Inc. acquired a new stake in shares of Amkor Technology in the 4th quarter valued at $5,666,000. Proficio Capital Partners LLC acquired a new stake in shares of Amkor Technology in the 4th quarter valued at $310,000. Finally, M&T Bank Corp increased its stake in shares of Amkor Technology by 6.5% in the 4th quarter. M&T Bank Corp now owns 38,580 shares of the semiconductor company's stock valued at $991,000 after buying an additional 2,369 shares during the period. 42.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley decreased their price objective on 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. Needham & Company LLC reaffirmed a "buy" rating and set a $34.00 price objective on shares of Amkor Technology in a research note on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price objective on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. B. Riley decreased 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. Finally, Melius Research cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $31.50.

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Amkor Technology Stock Up 0.1 %

Shares of Amkor Technology stock traded up $0.02 during trading on Wednesday, reaching $19.57. The stock had a trading volume of 1,727,504 shares, compared to its average volume of 1,464,564. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 13.69 and a beta of 1.88. The stock has a fifty day moving average price of $23.03 and a two-hundred day moving average price of $26.30. Amkor Technology, Inc. has a 52 week low of $18.87 and a 52 week high of $44.86. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. Sell-side analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be issued a $0.0827 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.69%. Amkor Technology's dividend payout ratio (DPR) is 23.08%.

Insider Activity

In related 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 sale, the executive vice president now owns 1,388 shares of the company's stock, valued at approximately $30,105.72. The trade was a 79.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now directly owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. This trade represents a 7.98 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 31.40% 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.