Knights of Columbus Asset Advisors LLC Sells 24,674 Shares of Amkor Technology, Inc. $AMKR

Key Points

• Knights of Columbus Asset Advisors cut its Amkor Technology stake by 36.5% in the fourth quarter, selling 24,674 shares and leaving it with 42,878 shares valued at about $1.69 million.
• Amkor reported strong quarterly results, with EPS of $0.33 beating estimates of $0.23 and revenue of $1.68 billion topping expectations; revenue also rose 27.5% year over year.
• Wall Street sentiment is mixed but generally cautious: analysts have a Hold consensus on AMKR, with a consensus price target of $67.38, while the stock recently traded above that level at $70.58.

Knights of Columbus Asset Advisors LLC reduced its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 36.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 42,878 shares of the semiconductor company's stock after selling 24,674 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Amkor Technology were worth $1,693,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Amkor Technology during the fourth quarter worth $2,314,000. Bleakley Financial Group LLC acquired a new position in Amkor Technology in the 4th quarter worth $419,000. Fisher Asset Management LLC increased its holdings in Amkor Technology by 204.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company's stock worth $82,712,000 after purchasing an additional 1,407,109 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Amkor Technology during the 4th quarter worth about $570,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Amkor Technology by 72.9% in the 4th quarter. Hantz Financial Services Inc. now owns 5,453 shares of the semiconductor company's stock valued at $215,000 after purchasing an additional 2,300 shares during the period. Institutional investors own 42.76% of the company's stock.

Insiders Place Their Bets

In other Amkor Technology news, CFO Megan Faust sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $64.60, for a total value of $64,600.00. Following the sale, the chief financial officer owned 133,138 shares in the company, valued at $8,600,714.80. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas A. Alexander sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the completion of the sale, the director directly owned 29,109 shares of the company's stock, valued at approximately $2,229,167.22. The trade was a 14.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 113,000 shares of company stock worth $8,258,950 in the last three months. Insiders own 26.40% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AMKR. B. Riley Financial upped their price objective on Amkor Technology from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 28th. Zacks Research lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 25th. Melius Research upgraded Amkor Technology from a "hold" rating to a "buy" rating and set a $60.00 target price on the stock in a research note on Monday, April 6th. Morgan Stanley upped their price target on Amkor Technology from $45.00 to $69.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 28th. Finally, Needham & Company LLC raised their price target on shares of Amkor Technology from $65.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $67.38.

Amkor Technology Price Performance

NASDAQ:AMKR opened at $70.58 on Friday. Amkor Technology, Inc. has a 52-week low of $17.79 and a 52-week high of $79.23. The company has a market cap of $17.49 billion, a P/E ratio of 40.33 and a beta of 2.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The stock's 50-day simple moving average is $62.18 and its 200 day simple moving average is $50.44.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.23 by $0.10. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The business's quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. As a group, sell-side analysts forecast that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be paid a $0.0835 dividend. This represents a $0.33 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology's dividend payout ratio (DPR) is 18.86%.

Amkor Technology Company Profile

Amkor Technology, Inc NASDAQ: AMKR is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.

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