Bridgeway Capital Management LLC Sells 46,750 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Bridgeway Capital Management LLC decreased its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 36.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,600 shares of the semiconductor company's stock after selling 46,750 shares during the quarter. Bridgeway Capital Management LLC's holdings in Amkor Technology were worth $2,122,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Amkor Technology during the fourth quarter worth $27,000. Jones Financial Companies Lllp lifted its position in Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after buying an additional 1,160 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Amkor Technology by 421.0% in the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 1,242 shares during the last quarter. Hurley Capital LLC acquired a new position in shares of Amkor Technology in the 4th quarter worth approximately $43,000. Finally, Blue Trust Inc. grew its position in Amkor Technology by 36.9% in the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after acquiring an additional 922 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Insider Buying and Selling

In other news, 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 completion of the transaction, the insider now owns 10,020,870 shares of the company's stock, valued at approximately $218,956,009.50. This represents a 7.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 directly owns 1,388 shares of the company's stock, valued at approximately $30,105.72. This trade represents a 79.82% 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 Price Performance

Shares of Amkor Technology stock traded up $0.42 during trading on Tuesday, hitting $20.05. The stock had a trading volume of 1,921,590 shares, compared to its average volume of 1,798,518. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The business has a fifty day moving average of $17.83 and a two-hundred day moving average of $22.64. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $44.86. The firm has a market cap of $4.95 billion, a P/E ratio of 14.02 and a beta of 1.86.

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

Amkor Technology Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th were issued a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, March 13th. Amkor Technology's dividend payout ratio is 25.78%.

Analyst Ratings Changes

AMKR has been the subject of a number of research analyst reports. B. Riley downgraded Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Needham & Company LLC cut their price target on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Morgan Stanley decreased their target price on 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. KeyCorp restated a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. dropped their price target on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.