Assenagon Asset Management S.A. Decreases Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Assenagon Asset Management S.A. lessened its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 26.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 224,561 shares of the semiconductor company's stock after selling 82,598 shares during the quarter. Assenagon Asset Management S.A. owned about 0.09% of Amkor Technology worth $7,471,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new position in Amkor Technology during the 3rd quarter worth $1,142,000. Invesco Ltd. raised its position in shares of Amkor Technology by 12.3% during the third quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company's stock worth $29,790,000 after purchasing an additional 144,280 shares during the period. Comerica Bank acquired a new position in Amkor Technology during the second quarter valued at $3,357,000. Wellington Management Group LLP acquired a new position in Amkor Technology during the third quarter valued at $4,280,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Amkor Technology during the third quarter valued at $1,107,000. Institutional investors and hedge funds own 42.76% of the company's stock.

Insider Transactions at Amkor Technology

In other news, CFO Megan Faust sold 2,700 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $30.34, for a total transaction of $81,918.00. Following the completion of the sale, the chief financial officer now owns 38,811 shares in the company, valued at $1,177,525.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $31.23, for a total value of $780,750.00. Following the completion of the sale, the chief executive officer now directly owns 124,476 shares in the company, valued at $3,887,385.48. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Megan Faust sold 2,700 shares of the business's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $30.34, for a total value of $81,918.00. Following the completion of the sale, the chief financial officer now owns 38,811 shares of the company's stock, valued at $1,177,525.74. The disclosure for this sale can be found here. Insiders sold a total of 58,200 shares of company stock worth $1,801,870 over the last quarter. Company insiders own 53.30% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on AMKR. StockNews.com raised Amkor Technology from a "hold" rating to a "buy" rating in a research report on Monday, December 4th. The Goldman Sachs Group began coverage on Amkor Technology in a research report on Thursday, February 29th. They issued a "neutral" rating and a $32.00 target price on the stock. B. Riley upped their target price on Amkor Technology from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, December 12th. Finally, Fox Advisors started coverage on Amkor Technology in a research report on Thursday, March 14th. They issued an "equal weight" rating on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $33.20.

Amkor Technology Stock Down 1.5 %

Shares of AMKR traded down $0.49 during trading hours on Friday, hitting $32.24. 682,818 shares of the company were exchanged, compared to its average volume of 989,963. The company has a market cap of $7.93 billion, a PE ratio of 22.08 and a beta of 1.96. The firm's 50 day moving average is $31.90 and its 200-day moving average is $28.51. Amkor Technology, Inc. has a 52 week low of $17.58 and a 52 week high of $37.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.02 and a current ratio of 2.31.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its earnings results on Monday, February 12th. The semiconductor company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.68 billion. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. The firm's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 EPS. On average, equities research analysts forecast that Amkor Technology, Inc. will post 1.63 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th will be issued a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Monday, March 11th. Amkor Technology's dividend payout ratio is presently 21.23%.

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.