Amkor Technology, Inc. (NASDAQ:AMKR) Holdings Boosted by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 24.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,525 shares of the semiconductor company's stock after acquiring an additional 42,394 shares during the quarter. Kennedy Capital Management LLC owned about 0.09% of Amkor Technology worth $5,537,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages have weighed in on AMKR. Melius lowered 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 research report on Monday, January 6th. B. Riley reduced their target price on Amkor Technology from $38.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price target on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Morgan Stanley decreased their price target 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. Finally, Melius Research downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Amkor Technology presently has a consensus rating of "Hold" and an average target price of $31.50.

Amkor Technology Price Performance

Shares of Amkor Technology stock traded down $0.03 on Thursday, hitting $16.12. 612,316 shares of the company traded hands, compared to its average volume of 1,708,620. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $44.86. The stock has a market capitalization of $3.98 billion, a P/E ratio of 11.29 and a beta of 1.88. The business has a 50-day simple moving average of $19.51 and a 200 day simple moving average of $24.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11.

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 net margin of 5.60% and a return on equity of 8.59%. 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. Investors of record on Thursday, March 13th were issued a $0.0827 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.33 annualized dividend and a yield of 2.05%. Amkor Technology's dividend payout ratio (DPR) is 23.08%.

Insider Buying and Selling

In other news, major shareholder Agnes C. Kim sold 869,565 shares of the company's 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 sale, the insider now owns 10,020,870 shares of the company's stock, valued at $218,956,009.50. This represents a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total transaction of $119,056.41. Following the transaction, the executive vice president now directly owns 1,388 shares in the company, valued at $30,105.72. The trade was a 79.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 26.90% of the company's stock.

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.