Ameriprise Financial Inc. Sells 106,206 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Ameriprise Financial Inc. lowered its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 43.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,452 shares of the semiconductor company's stock after selling 106,206 shares during the period. Ameriprise Financial Inc. owned approximately 0.05% of Amkor Technology worth $3,480,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Amkor Technology during the 4th quarter worth approximately $32,479,000. Vanguard Group Inc. grew its stake 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 buying an additional 1,092,002 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Amkor Technology by 44.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,972,293 shares of the semiconductor company's stock valued at $50,665,000 after acquiring an additional 611,209 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Amkor Technology by 15.8% in the fourth quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company's stock valued at $104,853,000 after buying an additional 556,761 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Amkor Technology by 24.4% during the 4th quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company's stock worth $69,594,000 after acquiring an additional 530,771 shares during the period. 42.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMKR has been the topic of several analyst reports. Needham & Company LLC lowered their target price on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. DA Davidson cut their target price on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. B. Riley downgraded Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. Finally, Morgan Stanley reduced their target price on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amkor Technology presently has a consensus rating of "Hold" and an average price target of $28.00.

Amkor Technology Price Performance

Shares of NASDAQ AMKR traded up $0.24 on Thursday, hitting $18.72. The company's stock had a trading volume of 1,675,109 shares, compared to its average volume of 1,837,858. 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 market capitalization of $4.62 billion, a price-to-earnings ratio of 13.09 and a beta of 1.86. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $44.86. The stock has a 50 day moving average of $17.72 and a 200-day moving average of $22.05.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $0.24 EPS. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. As a group, research analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Thursday, June 5th. Amkor Technology's dividend payout ratio is currently 25.78%.

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.