Intech Investment Management LLC Has $582,000 Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Intech Investment Management LLC grew its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 131.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,664 shares of the semiconductor company's stock after buying an additional 12,892 shares during the period. Intech Investment Management LLC's holdings in Amkor Technology were worth $582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMKR. SBI Securities Co. Ltd. purchased a new position in shares of Amkor Technology during the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp lifted its holdings in shares of Amkor Technology by 353.7% during the 4th 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. Larson Financial Group LLC raised its holdings in shares of Amkor Technology by 46.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company's stock valued at $56,000 after buying an additional 580 shares during the period. Quarry LP lifted its position in shares of Amkor Technology by 421.8% during the third quarter. Quarry LP now owns 3,136 shares of the semiconductor company's stock worth $96,000 after purchasing an additional 2,535 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Amkor Technology by 36.9% in the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after purchasing an additional 922 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

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Insider Buying and Selling

In related news, EVP Kevin Engel sold 5,489 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were 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 of the company's stock, valued at approximately $30,105.72. This represents a 79.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction dated 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 completion of the transaction, the insider now owns 10,020,870 shares in the company, valued at $218,956,009.50. The trade was a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 31.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AMKR shares. Melius cut shares of Amkor Technology from a "buy" rating to a "hold" rating and dropped their target price for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Morgan Stanley decreased their target price 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. JPMorgan Chase & Co. dropped their target price on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. B. Riley cut their target price on shares of 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, Needham & Company LLC restated a "buy" rating and issued a $34.00 price target on shares of Amkor Technology in a research report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Amkor Technology has a consensus rating of "Moderate Buy" and a consensus target price of $31.50.

Amkor Technology Stock Down 0.1 %

AMKR stock traded down $0.02 during mid-day trading on Friday, hitting $18.30. The stock had a trading volume of 2,932,504 shares, compared to its average volume of 1,587,585. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 12.80 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 1-year low of $18.14 and a 1-year high of $44.86. The company has a fifty day moving average of $22.16 and a 200 day moving average of $25.83.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) 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 expect 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 will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, March 13th. Amkor Technology's dividend payout ratio is 23.08%.

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.