Ceredex Value Advisors LLC Purchases 429,200 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Ceredex Value Advisors LLC boosted its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,821,700 shares of the semiconductor company's stock after purchasing an additional 429,200 shares during the quarter. Ceredex Value Advisors LLC owned about 0.74% of Amkor Technology worth $46,799,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Jump Financial LLC raised its stake in shares of Amkor Technology by 26.7% during the 4th quarter. Jump Financial LLC now owns 19,000 shares of the semiconductor company's stock worth $488,000 after purchasing an additional 4,000 shares during the period. Bridgewater Associates LP raised its stake in shares of Amkor Technology by 18.5% in the fourth quarter. Bridgewater Associates LP now owns 526,238 shares of the semiconductor company's stock valued at $13,519,000 after buying an additional 82,111 shares during the period. Sterling Capital Management LLC grew its stake in shares of Amkor Technology by 12.8% during the 4th quarter. Sterling Capital Management LLC now owns 21,695 shares of the semiconductor company's stock worth $557,000 after acquiring an additional 2,460 shares during the period. Kennedy Capital Management LLC lifted its position in shares of Amkor Technology by 24.5% during the fourth quarter. Kennedy Capital Management LLC now owns 215,525 shares of the semiconductor company's stock worth $5,537,000 after acquiring an additional 42,394 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in Amkor Technology by 421.0% in the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 1,242 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Stock Down 2.6 %

Shares of Amkor Technology stock traded down $0.41 during trading on Monday, hitting $15.56. The company's stock had a trading volume of 658,447 shares, compared to its average volume of 1,716,747. The company has a fifty day simple moving average of $19.23 and a two-hundred day simple moving average of $24.08. 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 has a market capitalization of $3.84 billion, a PE ratio of 10.88 and a beta of 1.88. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share 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%. Equities research analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current 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 given a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Thursday, March 13th. Amkor Technology's dividend payout ratio is currently 23.08%.

Analyst Ratings Changes

Several brokerages have issued reports on AMKR. B. Riley dropped their target price on shares of Amkor Technology from $38.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. cut their price objective on Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a research note on Thursday. Morgan Stanley cut their price target on shares of Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Finally, Melius Research lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $31.50.

Insider Buying and Selling

In other news, EVP Kevin Engel sold 5,489 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 1,388 shares of the company's stock, valued at $30,105.72. This represents a 79.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the company's 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 transaction, the insider now owns 10,020,870 shares in the company, valued at $218,956,009.50. The trade was a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.90% of the stock is owned by insiders.

Amkor Technology Company 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.