Dimensional Fund Advisors LP Sells 366,971 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Dimensional Fund Advisors LP lowered its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,032,455 shares of the semiconductor company's stock after selling 366,971 shares during the period. Dimensional Fund Advisors LP owned approximately 5.28% of Amkor Technology worth $334,809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMKR. Norges Bank acquired a new position in shares of Amkor Technology during the fourth quarter valued at about $32,479,000. Vanguard Group Inc. increased its holdings in Amkor Technology by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company's stock worth $402,414,000 after purchasing an additional 1,092,002 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Amkor Technology by 212.6% in 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 during the last quarter. Alliancebernstein L.P. grew its holdings in Amkor Technology by 15.8% during the fourth quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company's stock worth $104,853,000 after buying an additional 556,761 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Amkor Technology by 24.4% in the 4th quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company's stock valued at $69,594,000 after buying an additional 530,771 shares during the last quarter. Institutional investors own 42.76% of the company's stock.

Amkor Technology Stock Performance

Shares of AMKR stock traded up $0.16 on Friday, hitting $17.55. 2,113,765 shares of the stock were exchanged, compared to its average volume of 1,746,394. Amkor Technology, Inc. has a one year low of $14.03 and a one year high of $44.86. The firm's 50 day moving average is $18.65 and its two-hundred day moving average is $23.70. The firm has a market capitalization of $4.34 billion, a PE ratio of 12.27 and a beta of 1.88. 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 (NASDAQ:AMKR - Get Free Report) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. 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. 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 dividend on an annualized basis and a dividend yield of 1.88%. Amkor Technology's payout ratio is 23.08%.

Wall Street Analyst Weigh In

AMKR has been the subject of several recent analyst reports. Morgan Stanley reduced their target price on shares of Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price objective on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Melius Research downgraded Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $34.00 target price on shares of Amkor Technology in a report on Tuesday, February 11th. 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 given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $31.50.

Insider Buying and Selling

In other news, EVP Kevin Engel sold 5,489 shares of the business's stock in a transaction on 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 directly owns 1,388 shares in the company, valued at $30,105.72. The trade was a 79.82 % decrease in their position. The transaction 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 the company's stock in a transaction on 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 transaction, the insider now directly 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 disclosure for this sale can be found here. 26.90% of the stock is currently owned by insiders.

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.