Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Earnest Partners LLC

Earnest Partners LLC reduced its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,328,571 shares of the semiconductor company's stock after selling 19,725 shares during the period. Earnest Partners LLC owned approximately 0.94% of Amkor Technology worth $59,821,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMKR. Melius downgraded shares of Amkor Technology from a "buy" rating to a "hold" rating and reduced their price target for the company from $34.00 to $30.00 in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a report on Tuesday. B. Riley cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Melius Research lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, Morgan Stanley cut their target price on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $28.00.

Amkor Technology Trading Up 3.8 %

AMKR stock traded up $0.66 on Friday, hitting $18.14. 1,866,827 shares of the company were exchanged, compared to its average volume of 1,767,777. 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 stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 12.69 and a beta of 1.88. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $44.86. The business's fifty day moving average is $18.24 and its two-hundred day moving average is $23.33.

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 for the quarter, hitting the consensus estimate 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 return on equity of 8.59% and a net margin of 5.60%. The business's quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. As a group, research analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were given 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 yield of 1.82%. Amkor Technology's dividend payout ratio (DPR) is 25.78%.

Insiders Place Their Bets

In other news, EVP Kevin Engel sold 5,489 shares of the company'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 owns 1,388 shares in the company, valued at approximately $30,105.72. This represents a 79.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 owns 10,020,870 shares of the company's stock, valued at $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. 26.90% of the stock is 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.