Invesco Ltd. lessened its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 57.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 452,833 shares of the semiconductor company's stock after selling 599,554 shares during the quarter. Invesco Ltd. owned approximately 0.18% of Amkor Technology worth $11,633,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. MML Investors Services LLC acquired a new stake in shares of Amkor Technology during the 3rd quarter worth approximately $267,000. Barclays PLC grew its position in shares of 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 buying an additional 202,218 shares during the period. Retirement Systems of Alabama grew its position in shares of Amkor Technology by 7.9% during the 3rd quarter. Retirement Systems of Alabama now owns 137,679 shares of the semiconductor company's stock worth $4,213,000 after buying an additional 10,069 shares during the period. Principal Financial Group Inc. grew its position in shares of Amkor Technology by 212.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock worth $41,647,000 after buying an additional 925,644 shares during the period. Finally, Covea Finance grew its position in shares of Amkor Technology by 47.1% during the 4th quarter. Covea Finance now owns 62,500 shares of the semiconductor company's stock worth $1,606,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 42.76% of the company's stock.
Amkor Technology Price Performance
NASDAQ:AMKR traded down $0.07 during trading hours on Monday, hitting $17.48. The stock had a trading volume of 2,923,008 shares, compared to its average volume of 1,755,183. The company has a 50 day simple moving average of $18.55 and a two-hundred day simple moving average of $23.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. Amkor Technology, Inc. has a one year low of $14.03 and a one year high of $44.86. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 12.22 and a beta of 1.88.
Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. Research analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.
Amkor Technology Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th were given a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, March 13th. Amkor Technology's dividend payout ratio (DPR) is currently 23.08%.
Insider Activity
In related news, 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 transaction, the executive vice president now directly owns 1,388 shares in the company, valued at $30,105.72. This trade represents a 79.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the firm'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 in the company, valued at approximately $218,956,009.50. The trade was a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 26.90% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Melius Research downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their price objective on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and set a $34.00 price objective on shares of Amkor Technology in a report on Tuesday, February 11th. KeyCorp restated a "sector weight" rating on shares of Amkor Technology in a 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Amkor Technology currently has a consensus rating of "Hold" and a consensus target price of $31.50.
Get Our Latest Analysis on Amkor Technology
About Amkor Technology
(
Free Report)
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.
Featured Articles
Before you consider Amkor Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amkor Technology wasn't on the list.
While Amkor Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
