LSV Asset Management Lowers Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

LSV Asset Management lowered its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,265,054 shares of the semiconductor company's stock after selling 134,184 shares during the period. LSV Asset Management owned approximately 2.13% of Amkor Technology worth $135,259,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMKR. Bessemer Group Inc. lifted its position in shares of Amkor Technology by 421.0% during the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 1,242 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Amkor Technology in the fourth quarter worth $5,666,000. Faithward Advisors LLC grew its holdings in shares of Amkor Technology by 6.0% during the 4th quarter. Faithward Advisors LLC now owns 105,699 shares of the semiconductor company's stock worth $2,715,000 after purchasing an additional 5,985 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Amkor Technology in the fourth quarter valued at about $9,549,000. Finally, Bank of Montreal Can boosted its stake in shares of Amkor Technology by 8.1% in the 4th quarter. Bank of Montreal Can now owns 17,995 shares of the semiconductor company's stock valued at $462,000 after purchasing an additional 1,346 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Stock Down 4.2 %

Amkor Technology stock traded down $0.72 during trading hours on Wednesday, hitting $16.36. 548,045 shares of the stock traded hands, compared to its average volume of 1,703,137. Amkor Technology, Inc. has a one year low of $14.03 and a one year high of $44.86. The company has a market cap of $4.04 billion, a PE ratio of 11.44 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. The firm's 50-day moving average price is $19.67 and its two-hundred day moving average price is $24.40.

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

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th were issued a $0.0827 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 2.02%. Amkor Technology's dividend payout ratio (DPR) is presently 23.08%.

Analyst Ratings Changes

A number of analysts have commented on the stock. B. Riley lowered their target price on shares of Amkor Technology from $38.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Morgan Stanley reduced 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 report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price objective on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Needham & Company LLC reissued a "buy" rating and issued a $34.00 target price on shares of Amkor Technology in a research report on Tuesday, February 11th. Finally, Melius cut Amkor Technology from a "buy" rating to a "hold" rating and decreased their price target for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $31.50.

Insider Activity

In other news, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction that occurred 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 transaction, the insider now owns 10,020,870 shares of the company's stock, valued at $218,956,009.50. The trade was a 7.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin Engel sold 5,489 shares of the firm's 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 transaction, 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 disclosure for this sale can be found here. Corporate insiders own 26.90% of the company's stock.

Amkor Technology 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.