Hel Ved Capital Management Ltd Has $7.31 Million Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Hel Ved Capital Management Ltd lowered its position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 16.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 284,545 shares of the semiconductor company's stock after selling 57,250 shares during the period. Amkor Technology accounts for approximately 2.1% of Hel Ved Capital Management Ltd's portfolio, making the stock its 12th biggest holding. Hel Ved Capital Management Ltd owned approximately 0.12% of Amkor Technology worth $7,310,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Amkor Technology by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company's stock valued at $402,414,000 after acquiring an additional 1,092,002 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Amkor Technology by 15.8% during the fourth quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company's stock worth $104,853,000 after acquiring an additional 556,761 shares during the last quarter. State Street Corp raised its stake in Amkor Technology by 5.6% during the 3rd quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company's stock valued at $102,688,000 after acquiring an additional 176,528 shares during the last quarter. American Century Companies Inc. raised its position in Amkor Technology by 24.4% during the 4th quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company's stock worth $69,594,000 after buying an additional 530,771 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Amkor Technology by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company's stock valued at $54,209,000 after purchasing an additional 15,211 shares during the period. Hedge funds and other institutional investors own 42.76% of the company's stock.

Insider Buying and Selling

In related news, EVP Kevin Engel sold 5,489 shares of the 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 completion of the sale, the executive vice president now directly owns 1,388 shares in the company, valued at approximately $30,105.72. This trade represents a 79.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction on 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 transaction, the insider now 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. 31.40% of the stock is owned by corporate insiders.

Amkor Technology Stock Performance

AMKR traded down $2.18 during trading on Thursday, reaching $15.80. 1,051,578 shares of the company were exchanged, compared to its average volume of 2,292,776. The firm has a 50 day moving average of $20.30 and a 200 day moving average of $24.80. The stock has a market cap of $3.90 billion, a P/E ratio of 11.05 and a beta of 1.88. 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, Inc. has a 52 week low of $14.03 and a 52 week high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. On average, sell-side analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th were issued a $0.0827 dividend. This represents a $0.33 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Thursday, March 13th. Amkor Technology's dividend payout ratio (DPR) is presently 23.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. B. Riley reduced their price target on shares of Amkor Technology from $38.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC restated a "buy" rating and set a $34.00 target price on shares of Amkor Technology in a research report on Tuesday, February 11th. Melius Research lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. Finally, Morgan Stanley reduced their target price on shares of Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

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.