Vanguard Group Inc. Cuts Holdings in Amkor Technology, Inc. $AMKR

Vanguard Group Inc. decreased its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm owned 15,704,172 shares of the semiconductor company’s stock after selling 75,675 shares during the quarter. Vanguard Group Inc. owned 0.06% of Amkor Technology worth $620,001,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMKR. Salomon & Ludwin LLC purchased a new position in shares of Amkor Technology during the third quarter valued at about $25,000. Bessemer Group Inc. grew its position in shares of Amkor Technology by 72.1% during the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 391 shares in the last quarter. IFP Advisors Inc grew its position in Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 447 shares in the last quarter. Advisors Asset Management Inc. grew its position in Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 854 shares in the last quarter. Finally, FNY Investment Advisers LLC grew its position in Amkor Technology by 83.5% in the third quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $71.09 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. The company has a market cap of $17.62 billion, a P/E ratio of 40.62 and a beta of 2.29. Amkor Technology, Inc. has a 1 year low of $17.18 and a 1 year high of $79.23. The firm has a 50-day simple moving average of $52.93 and a two-hundred day simple moving average of $45.59.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.10. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The firm’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. Research analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were paid a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, March 12th. Amkor Technology’s payout ratio is currently 18.86%.

Insider Activity

In other news, CEO Kevin K. Engel sold 12,500 shares of Amkor Technology stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $48.75, for a total transaction of $609,375.00. Following the completion of the sale, the chief executive officer owned 2,953 shares of the company’s stock, valued at approximately $143,958.75. The trade was a 80.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Guillaume Marie Jean Rutten sold 20,000 shares of Amkor Technology stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $48.80, for a total transaction of $976,000.00. Following the sale, the director directly owned 543,866 shares of the company’s stock, valued at $26,540,660.80. This represents a 3.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 42,500 shares of company stock valued at $2,105,225. Corporate insiders own 26.40% of the company’s stock.

Analyst Ratings Changes

AMKR has been the subject of several recent research reports. UBS Group set a $43.00 price target on Amkor Technology in a research report on Tuesday, February 10th. The Goldman Sachs Group lifted their price target on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. lifted their price target on Amkor Technology from $32.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Amkor Technology has a consensus rating of “Hold” and an average price target of $62.75.

Amkor Technology Company Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.