Russell Investments Group Ltd. Has $4.45 Million Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Russell Investments Group Ltd. increased its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 25.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 173,355 shares of the semiconductor company's stock after purchasing an additional 35,397 shares during the period. Russell Investments Group Ltd. owned 0.07% of Amkor Technology worth $4,453,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Highland Capital Management LLC lifted its holdings in Amkor Technology by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company's stock valued at $201,000 after purchasing an additional 482 shares during the last quarter. Robotti Robert raised its position in shares of Amkor Technology by 0.3% in the fourth quarter. Robotti Robert now owns 215,837 shares of the semiconductor company's stock valued at $5,545,000 after purchasing an additional 705 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Amkor Technology by 2.0% during the 4th quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company's stock worth $1,020,000 after buying an additional 782 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of Amkor Technology by 0.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company's stock worth $2,461,000 after buying an additional 785 shares during the period. Finally, Blue Trust Inc. grew its stake in Amkor Technology by 36.9% in the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after buying an additional 922 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. B. Riley lowered their price objective on Amkor Technology from $38.00 to $32.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a research note on Thursday. Needham & Company LLC reissued a "buy" rating and issued a $34.00 price objective on shares of Amkor Technology in a report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Finally, Morgan Stanley cut 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. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Amkor Technology currently has a consensus rating of "Hold" and a consensus target price of $31.50.

Insider Activity

In related news, major shareholder Agnes C. Kim sold 869,565 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the transaction, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 1,388 shares in the company, valued at approximately $30,105.72. This represents a 79.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.90% of the stock is owned by corporate insiders.

Amkor Technology Price Performance

NASDAQ:AMKR traded down $0.18 during mid-day trading on Friday, reaching $15.97. The stock had a trading volume of 1,690,209 shares, compared to its average volume of 1,715,995. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $44.86. The stock has a market capitalization of $3.95 billion, a PE ratio of 11.17 and a beta of 1.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The stock has a 50-day simple moving average of $19.34 and a two-hundred day simple moving average of $24.25.

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, beating analysts' consensus estimates 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 analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Cuts Dividend

The company also recently declared 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 2.07%. The ex-dividend date was Thursday, March 13th. Amkor Technology's payout ratio is 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.