KLP Kapitalforvaltning AS Invests $570,000 in Amkor Technology, Inc. (NASDAQ:AMKR)

KLP Kapitalforvaltning AS purchased a new position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,200 shares of the semiconductor company's stock, valued at approximately $570,000.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Amkor Technology by 5.6% in the 3rd quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company's stock worth $102,688,000 after purchasing an additional 176,528 shares during the last quarter. American Century Companies Inc. grew its stake in Amkor Technology by 24.4% in the fourth quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company's stock worth $69,594,000 after purchasing an additional 530,771 shares in the last quarter. Geode Capital Management LLC raised its stake in Amkor Technology by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company's stock valued at $64,101,000 after buying an additional 131,106 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Amkor Technology by 6.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,006,273 shares of the semiconductor company's stock valued at $51,541,000 after buying an additional 127,361 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Amkor Technology by 44.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,972,293 shares of the semiconductor company's stock worth $50,665,000 after buying an additional 611,209 shares during the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Stock Performance

Shares of NASDAQ:AMKR traded up $0.49 on Monday, hitting $15.37. The company's stock had a trading volume of 3,652,629 shares, compared to its average volume of 1,663,764. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 10.75 and a beta of 1.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. The stock's 50-day moving average is $20.94 and its two-hundred day moving average is $25.12. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th were paid a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Thursday, March 13th. Amkor Technology's dividend payout ratio is presently 23.08%.

Analyst Ratings Changes

Several research firms recently issued reports on AMKR. Melius Research lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. 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. Needham & Company LLC restated a "buy" rating and issued a $34.00 target price on shares of Amkor Technology in a research note on Tuesday, February 11th. Finally, Melius downgraded Amkor Technology from a "buy" rating to a "hold" rating and cut their price target for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $31.50.

Insider Activity

In other Amkor Technology news, EVP Kevin Engel sold 5,489 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the transaction, the executive vice president now owns 1,388 shares of the company's stock, valued at approximately $30,105.72. This represents a 79.82 % decrease in their ownership of the stock. 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 the stock in a transaction on 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 sale, 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 position. The disclosure for this sale can be found here. 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.