Tredje AP fonden Has $9.64 Million Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Key Points

• Tredje AP fonden reduced its holdings in Amkor Technology by 18.2%, selling 118,450 shares and now owning 533,550 shares valued at approximately $9.64 million.
• Analysts have varied opinions on Amkor Technology, with Goldman Sachs giving a "neutral" rating, while Needham & Company and UBS Group rated it as "buy" with target prices up to $28.00.
• Amkor Technology recently declared a quarterly dividend of $0.0827 per share, representing an annual yield of 1.38% and a payout ratio of 26.83%.

Tredje AP fonden lowered its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 18.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 533,550 shares of the semiconductor company's stock after selling 118,450 shares during the quarter. Tredje AP fonden owned approximately 0.22% of Amkor Technology worth $9,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in AMKR. CANADA LIFE ASSURANCE Co boosted its holdings in Amkor Technology by 0.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company's stock worth $2,313,000 after purchasing an additional 484 shares during the period. Transce3nd LLC boosted its holdings in Amkor Technology by 5.8% in the first quarter. Transce3nd LLC now owns 15,817 shares of the semiconductor company's stock worth $283,000 after purchasing an additional 864 shares during the period. Merit Financial Group LLC boosted its holdings in Amkor Technology by 6.4% in the first quarter. Merit Financial Group LLC now owns 14,595 shares of the semiconductor company's stock worth $264,000 after purchasing an additional 873 shares during the period. Riverwater Partners LLC boosted its holdings in Amkor Technology by 2.7% in the fourth quarter. Riverwater Partners LLC now owns 44,088 shares of the semiconductor company's stock worth $1,133,000 after purchasing an additional 1,142 shares during the period. Finally, Assetmark Inc. boosted its holdings in Amkor Technology by 9.8% in the first quarter. Assetmark Inc. now owns 13,570 shares of the semiconductor company's stock worth $245,000 after purchasing an additional 1,208 shares during the period. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Stock Performance

AMKR traded up $0.37 on Monday, hitting $22.12. The company had a trading volume of 748,263 shares, compared to its average volume of 2,149,923. Amkor Technology, Inc. has a 1-year low of $14.03 and a 1-year high of $33.85. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 17.98 and a beta of 1.85. The company's fifty day moving average price is $20.82 and its 200 day moving average price is $20.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.89 and a quick ratio of 1.70.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. Amkor Technology had a return on equity of 7.23% and a net margin of 4.80%. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same period in the previous year, the business posted $0.27 earnings per share. Amkor Technology's quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th were issued a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, June 5th. Amkor Technology's dividend payout ratio is presently 26.83%.

Insider Activity at Amkor Technology

In other news, EVP Mark N. Rogers sold 15,000 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $23.58, for a total transaction of $353,700.00. Following the sale, the executive vice president owned 23,862 shares in the company, valued at approximately $562,665.96. This represents a 38.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 26.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMKR. UBS Group boosted their price target on shares of Amkor Technology from $23.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Needham & Company LLC boosted their price target on shares of Amkor Technology from $22.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. B. Riley lifted their price target on Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Finally, DA Davidson lowered their target price on Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $26.44.

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.