Amkor Technology, Inc. (NASDAQ:AMKR) Stock Holdings Trimmed by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC cut its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 46.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,094 shares of the semiconductor company's stock after selling 32,437 shares during the period. O Shaughnessy Asset Management LLC's holdings in Amkor Technology were worth $953,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in Amkor Technology during the fourth quarter valued at $32,479,000. Vanguard Group Inc. boosted its holdings in Amkor Technology by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company's stock worth $402,414,000 after buying an additional 1,092,002 shares during the period. Wellington Management Group LLP lifted its stake in Amkor Technology by 522.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,134,106 shares of the semiconductor company's stock worth $34,704,000 after purchasing an additional 951,764 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Amkor Technology by 212.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock worth $41,647,000 after buying an additional 925,644 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Amkor Technology by 24.4% during the fourth quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company's stock worth $69,594,000 after acquiring an additional 530,771 shares in the last quarter. Institutional investors own 42.76% of the company's stock.

Amkor Technology Stock Performance

NASDAQ AMKR traded up $0.55 during mid-day trading on Friday, reaching $16.54. 2,409,764 shares of the stock were exchanged, compared to its average volume of 1,697,635. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $44.86. 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 business's 50 day moving average is $19.98 and its 200-day moving average is $24.60. The company has a market capitalization of $4.09 billion, a P/E ratio of 11.57 and a beta of 1.88.

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

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were paid a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, March 13th. Amkor Technology's payout ratio is 23.08%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley reduced their price target on 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. decreased their price target on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and issued a $34.00 price target on shares of Amkor Technology in a report on Tuesday, February 11th. Melius cut Amkor Technology from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Finally, B. Riley lowered their price target 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. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.50.

Insiders Place Their Bets

In related 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 transaction of $119,056.41. Following the transaction, the executive vice president now owns 1,388 shares of the company's stock, valued at $30,105.72. This represents a 79.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 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. Corporate insiders own 31.40% 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.