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

Jacobs Levy Equity Management Inc. lifted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 110.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 674,785 shares of the semiconductor company's stock after buying an additional 354,457 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.27% of Amkor Technology worth $17,335,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AMKR. Deutsche Bank AG increased its stake in Amkor Technology by 43.5% during the fourth quarter. Deutsche Bank AG now owns 19,174 shares of the semiconductor company's stock worth $493,000 after acquiring an additional 5,816 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Amkor Technology by 4.2% in the 4th quarter. Baird Financial Group Inc. now owns 387,582 shares of the semiconductor company's stock worth $9,957,000 after purchasing an additional 15,550 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Amkor Technology during the 4th quarter valued at approximately $245,000. Northern Trust Corp raised its holdings in Amkor Technology by 16.2% during the 4th quarter. Northern Trust Corp now owns 895,413 shares of the semiconductor company's stock valued at $23,003,000 after buying an additional 124,671 shares during the period. Finally, Voya Investment Management LLC lifted its position in Amkor Technology by 469.0% in the fourth quarter. Voya Investment Management LLC now owns 83,455 shares of the semiconductor company's stock worth $2,144,000 after buying an additional 68,788 shares during the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on AMKR. DA Davidson dropped their price objective on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley reduced their price objective on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. B. Riley cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. decreased their price target on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. Finally, Needham & Company LLC cut their price objective on Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $28.00.

Amkor Technology Stock Down 1.0%

Shares of AMKR stock traded down $0.19 on Friday, hitting $19.73. The stock had a trading volume of 1,797,352 shares, compared to its average volume of 1,807,086. Amkor Technology, Inc. has a one year low of $14.03 and a one year high of $44.86. The business has a 50 day moving average price of $17.82 and a 200 day moving average price of $22.54. The company has a market cap of $4.87 billion, a PE ratio of 13.80 and a beta of 1.86. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The company's revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. Research analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be paid a $0.0827 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.33 annualized dividend and a yield of 1.68%. Amkor Technology's dividend payout ratio (DPR) is presently 25.78%.

Insider Buying and Selling at Amkor Technology

In other news, EVP Kevin Engel sold 5,489 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 1,388 shares in the company, valued at approximately $30,105.72. This represents a 79.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $18,999,995.25. Following the completion of the sale, the insider now directly owns 10,020,870 shares of the company's stock, valued at $218,956,009.50. The trade was a 7.98% decrease in their position. The disclosure for this sale can be found here. 26.90% of the stock is owned by insiders.

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.