Price T Rowe Associates Inc. MD Decreases Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Price T Rowe Associates Inc. MD lowered its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 140,104 shares of the semiconductor company's stock after selling 26,177 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.06% of Amkor Technology worth $3,600,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Amkor Technology during the 4th quarter valued at about $27,000. Jones Financial Companies Lllp lifted its position in Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 1,160 shares during the period. Bessemer Group Inc. raised its holdings in Amkor Technology by 421.0% in the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 1,242 shares during the period. Hurley Capital LLC acquired a new stake in Amkor Technology in the fourth quarter worth $43,000. Finally, Blue Trust Inc. raised its holdings in Amkor Technology by 36.9% in the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 922 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Trading Up 0.9%

Shares of NASDAQ:AMKR traded up $0.16 during trading on Friday, reaching $18.16. The stock had a trading volume of 1,728,188 shares, compared to its average volume of 1,789,799. The firm's fifty day moving average is $17.85 and its 200 day moving average is $22.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $44.86. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 12.70 and a beta of 1.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $1.28 billion. During the same period in the prior year, the firm posted $0.24 EPS. The company's quarterly revenue was down 3.2% on a year-over-year basis. As a group, equities analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were issued a dividend of $0.0827 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.33 annualized dividend and a yield of 1.82%. Amkor Technology's payout ratio is 25.78%.

Insiders Place Their Bets

In other Amkor Technology news, EVP Kevin Engel sold 5,489 shares of the 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 completion of the transaction, the executive vice president now owns 1,388 shares in the company, valued at $30,105.72. This trade represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of the 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 of the company's stock, valued at $218,956,009.50. This represents a 7.98% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 26.90% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMKR. Needham & Company LLC lowered their price objective on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company 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. B. Riley cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 21st. JPMorgan Chase & Co. decreased their price target on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a report on Tuesday, April 29th. Finally, Morgan Stanley reduced 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 report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Amkor Technology presently has an average rating of "Hold" and a consensus price target of $28.00.

Amkor Technology 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.