Baird Financial Group Inc. Boosts Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Baird Financial Group Inc. raised its position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 387,582 shares of the semiconductor company's stock after purchasing an additional 15,550 shares during the quarter. Baird Financial Group Inc. owned 0.16% of Amkor Technology worth $9,957,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AMKR. Mercer Global Advisors Inc. ADV acquired a new position in Amkor Technology during the fourth quarter valued at approximately $245,000. Northern Trust Corp raised its stake in shares of Amkor Technology by 16.2% in the 4th quarter. Northern Trust Corp now owns 895,413 shares of the semiconductor company's stock valued at $23,003,000 after acquiring an additional 124,671 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Amkor Technology by 469.0% during the 4th quarter. Voya Investment Management LLC now owns 83,455 shares of the semiconductor company's stock valued at $2,144,000 after acquiring an additional 68,788 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Amkor Technology by 112.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,578 shares of the semiconductor company's stock worth $400,000 after purchasing an additional 8,247 shares during the period. Finally, Transce3nd LLC acquired a new stake in Amkor Technology in the 4th quarter valued at $383,000. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Stock Performance

AMKR opened at $17.62 on Thursday. The stock has a market cap of $4.35 billion, a PE ratio of 12.32 and a beta of 1.86. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $44.86. The business's 50 day moving average is $17.95 and its 200-day moving average is $22.97.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $1.32 billion for 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%. Amkor Technology's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.24 EPS. On average, analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were paid a dividend of $0.0827 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.33 annualized dividend and a yield of 1.88%. Amkor Technology's dividend payout ratio is currently 25.78%.

Insiders Place Their Bets

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 transaction of $119,056.41. Following the sale, the executive vice president now directly owns 1,388 shares of the company's stock, valued at $30,105.72. The trade was 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 at this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $21.85, for a total value of $18,999,995.25. Following the completion of the transaction, the insider now directly owns 10,020,870 shares in the company, valued at $218,956,009.50. This represents a 7.98 % decrease in their position. The disclosure for this sale can be found here. 26.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMKR. KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. JPMorgan Chase & Co. decreased their price target on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th. B. Riley lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. Morgan Stanley lowered their price target on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Finally, DA Davidson cut their price objective on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $28.00.

About Amkor Technology

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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