Jacobs Levy Equity Management Inc. Grows Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Jacobs Levy Equity Management Inc. lifted its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 110.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 674,785 shares of the semiconductor company's stock after acquiring an additional 354,457 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.27% of Amkor Technology worth $17,335,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 1,092,002 shares during the last quarter. First Trust Advisors LP increased its stake in Amkor Technology by 7.9% during the 4th quarter. First Trust Advisors LP now owns 4,778,790 shares of the semiconductor company's stock worth $122,767,000 after buying an additional 350,809 shares during the period. Alliancebernstein L.P. increased its stake in Amkor Technology by 15.8% during the 4th quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company's stock worth $104,853,000 after buying an additional 556,761 shares during the period. American Century Companies Inc. increased its stake in Amkor Technology by 24.4% during the 4th quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company's stock worth $69,594,000 after buying an additional 530,771 shares during the period. Finally, Geode Capital Management LLC increased its stake in Amkor Technology by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company's stock worth $54,209,000 after buying an additional 15,211 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 transaction of $119,056.41. Following the transaction, the executive vice president now directly owns 1,388 shares in the company, valued at $30,105.72. The trade was a 79.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of the business's stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 26.90% of the stock is currently owned by insiders.

Amkor Technology Stock Down 1.0%

Shares of NASDAQ AMKR traded down $0.19 during mid-day trading on Friday, reaching $19.73. The company had a trading volume of 1,797,352 shares, compared to its average volume of 1,817,003. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $17.83 and a two-hundred day simple moving average of $22.44. The stock has a market cap of $4.87 billion, a P/E ratio of 13.80 and a beta of 1.86. 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 issued its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm posted $0.24 EPS. Amkor Technology's revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, June 5th. Amkor Technology's payout ratio is currently 25.78%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMKR shares. JPMorgan Chase & Co. cut their target price on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley cut their target price on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. B. Riley downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. DA Davidson dropped their price objective on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Amkor Technology currently has a consensus rating of "Hold" and an average price target of $28.00.

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.