Gotham Asset Management LLC Cuts Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Gotham Asset Management LLC lessened its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,491 shares of the semiconductor company's stock after selling 23,093 shares during the quarter. Gotham Asset Management LLC owned approximately 0.06% of Amkor Technology worth $3,866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in Amkor Technology in the 4th quarter worth $27,000. Jones Financial Companies Lllp raised its stake in Amkor Technology by 353.7% in 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. boosted its position in Amkor Technology by 421.0% during the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 1,242 shares in the last quarter. Hurley Capital LLC purchased a new stake in shares of Amkor Technology in the 4th quarter worth about $43,000. Finally, Blue Trust Inc. boosted its position in shares of Amkor Technology by 36.9% in the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 922 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology 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 transaction, the insider now owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. The trade was a 7.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kevin Engel sold 5,489 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the sale, the executive vice president now directly owns 1,388 shares in the company, valued at approximately $30,105.72. This represents a 79.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 26.90% of the company's stock.

Amkor Technology Stock Performance

Shares of Amkor Technology stock traded up $0.14 during trading hours on Tuesday, reaching $19.40. 156,511 shares of the stock traded hands, compared to its average volume of 1,808,192. Amkor Technology, Inc. has a one year low of $14.03 and a one year high of $44.86. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 13.56 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. The company has a 50 day moving average price of $17.83 and a 200 day moving average price of $22.39.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $0.24 earnings per share. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, June 5th. Amkor Technology's dividend payout ratio is presently 25.78%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AMKR shares. 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 reduced their target price on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Morgan Stanley lowered their price target on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Needham & Company LLC decreased their target price on Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. lowered 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. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.