Amkor Technology, Inc. (NASDAQ:AMKR) Shares Bought by Royce & Associates LP

Royce & Associates LP lifted its position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 426,548 shares of the semiconductor company's stock after buying an additional 33,798 shares during the quarter. Royce & Associates LP owned approximately 0.17% of Amkor Technology worth $10,958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State of New Jersey Common Pension Fund D increased its stake in Amkor Technology by 5.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 60,181 shares of the semiconductor company's stock worth $1,842,000 after purchasing an additional 3,008 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Amkor Technology by 16.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,505 shares of the semiconductor company's stock worth $260,000 after buying an additional 1,191 shares during the period. Victory Capital Management Inc. lifted its holdings in Amkor Technology by 68.0% during the 3rd quarter. Victory Capital Management Inc. now owns 212,809 shares of the semiconductor company's stock worth $6,512,000 after buying an additional 86,148 shares in the last quarter. KBC Group NV boosted its position in Amkor Technology by 1.2% in the 3rd quarter. KBC Group NV now owns 102,015 shares of the semiconductor company's stock valued at $3,122,000 after buying an additional 1,225 shares during the period. Finally, Mutual of America Capital Management LLC grew its stake in shares of Amkor Technology by 3.5% in the third quarter. Mutual of America Capital Management LLC now owns 61,253 shares of the semiconductor company's stock worth $1,874,000 after acquiring an additional 2,055 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

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Insiders Place Their Bets

In other news, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the sale, the insider now owns 10,020,870 shares in the company, valued at approximately $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 accessible through this link. Also, EVP Kevin Engel sold 5,489 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the completion of the transaction, the executive vice president now owns 1,388 shares in the company, valued at $30,105.72. This trade represents a 79.82 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Melius lowered Amkor Technology from a "buy" rating to a "hold" rating and reduced their price target for the company from $34.00 to $30.00 in a research report on Monday, January 6th. B. Riley lowered their price objective on Amkor Technology from $38.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Melius Research cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $34.00 price target on shares of Amkor Technology in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $31.50.

Amkor Technology Price Performance

Shares of Amkor Technology stock remained flat at $19.42 during trading hours on Friday. 14,880,281 shares of the stock traded hands, compared to its average volume of 1,524,332. 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 company's fifty day moving average price is $22.77 and its 200-day moving average price is $26.20. The firm has a market cap of $4.79 billion, a P/E ratio of 13.58 and a beta of 1.88. Amkor Technology, Inc. has a fifty-two week low of $18.87 and a fifty-two week high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released 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%. Sell-side analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a yield of 1.70%. Amkor Technology's dividend payout ratio is presently 23.08%.

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.