Focus Partners Wealth Sells 54,361 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Focus Partners Wealth lessened its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 248,393 shares of the semiconductor company's stock after selling 54,361 shares during the period. Focus Partners Wealth owned 0.10% of Amkor Technology worth $6,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of AMKR. SBI Securities Co. Ltd. purchased a new stake in shares of Amkor Technology during the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp grew its holdings in shares of Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 1,160 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Amkor Technology by 421.0% in the 4th 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 acquired a new stake in shares of Amkor Technology in the 4th quarter valued at about $43,000. Finally, Blue Trust Inc. grew its stake in Amkor Technology by 36.9% during the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock worth $88,000 after buying an additional 922 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Insider Buying and Selling at Amkor Technology

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

Amkor Technology Trading Down 2.4%

AMKR stock traded down $0.48 during midday trading on Monday, hitting $19.25. 388,789 shares of the company's stock were exchanged, compared to its average volume of 1,811,561. The stock's fifty day moving average price is $17.83 and its 200-day moving average price is $22.44. The company has a market cap of $4.76 billion, a PE ratio of 13.46 and a beta of 1.86. 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, Inc. has a one year low of $14.03 and a one year high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released 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. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. The business's revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. Research analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

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 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 yield of 1.72%. Amkor Technology's dividend payout ratio (DPR) is presently 25.78%.

Analyst Ratings Changes

A number of equities analysts have commented on AMKR shares. DA Davidson cut their price objective 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. Morgan Stanley cut their price target on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. JPMorgan Chase & Co. reduced their target price on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Finally, B. Riley lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Amkor Technology presently 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.