Lazard Asset Management LLC Boosts Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Lazard Asset Management LLC increased its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 60.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,787 shares of the semiconductor company's stock after acquiring an additional 28,698 shares during the period. Lazard Asset Management LLC's holdings in Amkor Technology were worth $1,945,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. lifted its position in shares of Amkor Technology by 110.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 674,785 shares of the semiconductor company's stock worth $17,335,000 after purchasing an additional 354,457 shares in the last quarter. Deutsche Bank AG increased its stake in Amkor Technology by 43.5% during the 4th quarter. Deutsche Bank AG now owns 19,174 shares of the semiconductor company's stock worth $493,000 after buying an additional 5,816 shares during the period. Baird Financial Group Inc. lifted its holdings in Amkor Technology by 4.2% during the 4th quarter. Baird Financial Group Inc. now owns 387,582 shares of the semiconductor company's stock worth $9,957,000 after buying an additional 15,550 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Amkor Technology in the 4th quarter valued at approximately $245,000. Finally, Northern Trust Corp grew its stake in shares of Amkor Technology by 16.2% in the fourth quarter. Northern Trust Corp now owns 895,413 shares of the semiconductor company's stock worth $23,003,000 after acquiring an additional 124,671 shares in the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMKR has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price objective on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley decreased their price objective on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. DA Davidson lowered their price objective on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a research 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. Finally, KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a research note on Thursday, April 17th. Seven investment 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 a consensus rating of "Hold" and a consensus price target of $28.00.

Amkor Technology Stock Up 0.6%

AMKR stock traded up $0.12 during trading on Tuesday, hitting $19.38. 1,061,780 shares of the company's stock were exchanged, compared to its average volume of 1,815,591. The business has a 50-day moving average price of $17.84 and a two-hundred day moving average price of $22.37. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 13.55 and a beta of 1.86. Amkor Technology, Inc. has a 52-week low of $14.03 and a 52-week high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued 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. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. The company's revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. As a group, equities research analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, June 5th. Amkor Technology's payout ratio is 25.78%.

Insider Transactions at Amkor Technology

In other news, major shareholder Agnes C. Kim sold 869,565 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now owns 10,020,870 shares of the company's stock, valued at approximately $218,956,009.50. The trade was a 7.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 of the company's stock, valued at $30,105.72. This trade represents a 79.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 26.90% of the company's stock.

Amkor Technology Company 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.