Guggenheim Capital LLC Has $754,000 Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Guggenheim Capital LLC trimmed its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 87.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,352 shares of the semiconductor company's stock after selling 197,363 shares during the period. Guggenheim Capital LLC's holdings in Amkor Technology were worth $754,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. MML Investors Services LLC purchased a new position in shares of Amkor Technology in the 3rd quarter valued at about $267,000. Barclays PLC boosted its stake in shares of Amkor Technology by 99.5% during the 3rd quarter. Barclays PLC now owns 405,400 shares of the semiconductor company's stock worth $12,406,000 after acquiring an additional 202,218 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of Amkor Technology by 7.9% in the 3rd quarter. Retirement Systems of Alabama now owns 137,679 shares of the semiconductor company's stock worth $4,213,000 after acquiring an additional 10,069 shares during the period. Principal Financial Group Inc. boosted its position in Amkor Technology by 212.6% during the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock worth $41,647,000 after purchasing an additional 925,644 shares in the last quarter. Finally, Covea Finance increased its position in shares of Amkor Technology by 47.1% in the fourth quarter. Covea Finance now owns 62,500 shares of the semiconductor company's stock valued at $1,606,000 after buying an additional 20,000 shares in the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Stock Up 0.0 %

Amkor Technology stock traded up $0.00 during midday trading on Tuesday, hitting $17.48. 633,997 shares of the stock were exchanged, compared to its average volume of 1,751,120. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $44.86. The firm has a market cap of $4.32 billion, a P/E ratio of 12.08 and a beta of 1.88. 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 company has a 50 day moving average price of $18.55 and a two-hundred day moving average price of $23.51.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.09. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates 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 for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 EPS. On average, sell-side analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were paid a $0.0827 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a yield of 1.89%. Amkor Technology's payout ratio is currently 23.08%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. 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. Melius cut shares of Amkor Technology from a "buy" rating to a "hold" rating and lowered their target price for the stock from $34.00 to $30.00 in a research note on Monday, January 6th. Morgan Stanley lowered their price objective on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. Seven equities research 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 stock has an average rating of "Hold" and a consensus price target of $28.63.

Insider Transactions at Amkor Technology

In other news, EVP Kevin Engel sold 5,489 shares of the business'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 sale, the executive vice president now owns 1,388 shares of the company's stock, valued at approximately $30,105.72. The trade was a 79.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of the business's 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 completion of the sale, the insider now owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. This trade represents a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 26.90% of the company's stock.

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.