Man Group plc Sells 238,800 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Man Group plc lessened its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 57.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 177,834 shares of the semiconductor company's stock after selling 238,800 shares during the period. Man Group plc owned approximately 0.07% of Amkor Technology worth $4,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMKR. Barclays PLC increased its holdings in Amkor Technology by 99.5% during the 3rd quarter. Barclays PLC now owns 405,400 shares of the semiconductor company's stock worth $12,406,000 after acquiring an additional 202,218 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in Amkor Technology by 34.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 8,862 shares of the semiconductor company's stock worth $228,000 after buying an additional 2,255 shares in the last quarter. Merit Financial Group LLC grew its stake in Amkor Technology by 34.4% in the 4th quarter. Merit Financial Group LLC now owns 13,722 shares of the semiconductor company's stock worth $353,000 after buying an additional 3,513 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Amkor Technology by 1,128.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,950 shares of the semiconductor company's stock worth $256,000 after buying an additional 9,140 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Amkor Technology by 70.3% in the 4th quarter. SG Americas Securities LLC now owns 18,590 shares of the semiconductor company's stock worth $478,000 after buying an additional 7,677 shares in the last quarter. Institutional investors own 42.76% of the company's stock.

Analysts Set New Price Targets

AMKR has been the subject of a number of research reports. Needham & Company LLC cut 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 note on Tuesday, April 29th. JPMorgan Chase & Co. cut 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 note on Tuesday, April 29th. Morgan Stanley cut 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 note on Tuesday, April 29th. B. Riley cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. Finally, KeyCorp reissued 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 company. According to MarketBeat, Amkor Technology has an average rating of "Hold" and an average price target of $28.00.

Amkor Technology Price Performance

Shares of Amkor Technology stock opened at $18.75 on Thursday. Amkor Technology, Inc. has a 52-week low of $14.03 and a 52-week high of $44.86. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 13.11 and a beta of 1.86. The company has a fifty day moving average of $17.82 and a 200-day moving average of $22.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11.

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

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be paid a $0.0827 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.76%. Amkor Technology's dividend payout ratio (DPR) is 25.78%.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 10,020,870 shares of the company's stock, valued at $218,956,009.50. This represents a 7.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kevin Engel sold 5,489 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total transaction of $119,056.41. Following the sale, the executive vice president now directly owns 1,388 shares of the company's stock, valued at $30,105.72. The trade was a 79.82% decrease in their position. The disclosure for this sale can be found here. 26.90% of the stock is currently owned by corporate insiders.

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.

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