Lazard Asset Management LLC Has $1.95 Million Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Lazard Asset Management LLC raised its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 60.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,787 shares of the semiconductor company's stock after purchasing an additional 28,698 shares during the period. Lazard Asset Management LLC's holdings in Amkor Technology were worth $1,945,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMKR. SBI Securities Co. Ltd. bought a new stake in Amkor Technology during the fourth quarter valued at $27,000. Jones Financial Companies Lllp increased its stake in Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 1,160 shares during the last quarter. Bessemer Group Inc. increased its stake in Amkor Technology by 421.0% during the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 1,242 shares during the last quarter. Hurley Capital LLC bought a new stake in Amkor Technology during the fourth quarter valued at $43,000. Finally, Blue Trust Inc. grew its position in shares of Amkor Technology by 36.9% during the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock worth $88,000 after acquiring an additional 922 shares during the last quarter. Institutional investors own 42.76% of the company's stock.

Amkor Technology Price Performance

AMKR stock traded down $0.44 during trading on Friday, hitting $18.27. The company had a trading volume of 1,474,220 shares, compared to its average volume of 1,821,432. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 12.78 and a beta of 1.86. The business has a 50 day moving average of $17.78 and a 200 day moving average of $22.24. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $44.86. 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 (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.28 billion. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The company's quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 earnings per share. As a group, research analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, June 5th. Amkor Technology's payout ratio is 25.78%.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology 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 transaction of $119,056.41. Following the completion of the sale, the executive vice president now directly owns 1,388 shares of the company's stock, valued at approximately $30,105.72. This represents a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Agnes C. Kim sold 869,565 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the sale, the insider now directly owns 10,020,870 shares of the company's stock, valued at $218,956,009.50. This 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 corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on AMKR shares. 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 research report on Tuesday, April 29th. JPMorgan Chase & Co. lowered their price target on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. KeyCorp restated a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Needham & Company LLC lowered their price target on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, DA Davidson lowered their price target on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $28.00.

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.