Voya Investment Management LLC grew its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 469.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,455 shares of the semiconductor company's stock after buying an additional 68,788 shares during the period. Voya Investment Management LLC's holdings in Amkor Technology were worth $2,144,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in AMKR. Tower Research Capital LLC TRC grew its position in Amkor Technology by 112.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,578 shares of the semiconductor company's stock worth $400,000 after acquiring an additional 8,247 shares in the last quarter. Transce3nd LLC bought a new position in shares of Amkor Technology during the 4th quarter valued at approximately $383,000. MetLife Investment Management LLC raised its holdings in Amkor Technology by 9.2% during the 4th quarter. MetLife Investment Management LLC now owns 63,939 shares of the semiconductor company's stock valued at $1,643,000 after buying an additional 5,372 shares during the period. First Trust Advisors LP lifted its position in Amkor Technology by 7.9% in the fourth 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 last quarter. Finally, Forum Financial Management LP boosted its stake in Amkor Technology by 23.4% during the fourth quarter. Forum Financial Management LP now owns 8,637 shares of the semiconductor company's stock worth $222,000 after buying an additional 1,639 shares during the period. 42.76% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Amkor Technology
In other news, major shareholder Agnes C. Kim sold 869,565 shares of the business's stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of the firm's stock in a transaction 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 owns 1,388 shares of the company's stock, valued at $30,105.72. This trade represents a 79.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 26.90% of the company's stock.
Amkor Technology Stock Up 0.8 %
Shares of AMKR stock traded up $0.14 on Wednesday, hitting $17.62. The stock had a trading volume of 1,592,762 shares, compared to its average volume of 1,773,194. 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 $18.02 and a 200 day moving average price of $23.01. The company has a market cap of $4.35 billion, a PE ratio of 12.32 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 Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were issued a $0.0827 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a yield of 1.88%. Amkor Technology's dividend payout ratio is presently 25.78%.
Analyst Ratings Changes
Several brokerages have recently weighed in on AMKR. JPMorgan Chase & Co. reduced 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. B. Riley lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 21st. DA Davidson cut their target price on Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Needham & Company LLC dropped their price objective on Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Morgan Stanley reduced their target price on 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. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Amkor Technology has a consensus rating of "Hold" and a consensus target price of $28.00.
Read Our Latest Report on AMKR
Amkor Technology Company Profile
(
Free Report)
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.
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