Cerity Partners LLC Purchases Shares of 109,025 Amkor Technology, Inc. (NASDAQ:AMKR)

Cerity Partners LLC bought a new stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 109,025 shares of the semiconductor company's stock, valued at approximately $3,627,000.

Several other institutional investors and hedge funds have also made changes to their positions in AMKR. Alliancebernstein L.P. boosted its stake in shares of Amkor Technology by 1,757.9% in the second quarter. Alliancebernstein L.P. now owns 4,182,333 shares of the semiconductor company's stock valued at $124,424,000 after purchasing an additional 3,957,221 shares during the period. First Trust Advisors LP boosted its stake in Amkor Technology by 192.4% during the 1st quarter. First Trust Advisors LP now owns 2,129,215 shares of the semiconductor company's stock valued at $55,402,000 after acquiring an additional 1,401,109 shares during the last quarter. Vanguard Group Inc. boosted its stake in Amkor Technology by 10.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company's stock valued at $311,816,000 after acquiring an additional 1,300,745 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Amkor Technology by 309.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,478,046 shares of the semiconductor company's stock valued at $33,404,000 after acquiring an additional 1,116,729 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Amkor Technology by 244.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,312,502 shares of the semiconductor company's stock valued at $39,047,000 after acquiring an additional 930,992 shares during the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total transaction of $765,750.00. Following the transaction, the chief executive officer now owns 123,728 shares of the company's stock, valued at approximately $3,789,788.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total transaction of $765,750.00. Following the transaction, the chief executive officer now owns 123,728 shares of the company's stock, valued at approximately $3,789,788.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Megan Faust sold 2,800 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $31.09, for a total transaction of $87,052.00. Following the transaction, the chief financial officer now directly owns 53,023 shares in the company, valued at approximately $1,648,485.07. The disclosure for this sale can be found here. Insiders have sold a total of 83,200 shares of company stock valued at $2,581,120 in the last quarter. Company insiders own 53.30% of the company's stock.

Amkor Technology Stock Performance

Shares of NASDAQ:AMKR traded down $1.13 on Thursday, reaching $28.97. 1,035,324 shares of the company's stock were exchanged, compared to its average volume of 921,570. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 19.84 and a beta of 1.96. Amkor Technology, Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $37.00. The business's 50-day moving average is $31.70 and its two-hundred day moving average is $29.29. The company has a quick ratio of 2.02, a current ratio of 2.31 and a debt-to-equity ratio of 0.27.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.07. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter last year, the company earned $0.67 EPS. The company's revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that Amkor Technology, Inc. will post 1.63 EPS for the current year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were issued a $0.079 dividend. The ex-dividend date was Monday, March 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.09%. Amkor Technology's dividend payout ratio (DPR) is presently 21.23%.

Analyst Ratings Changes

A number of research analysts have commented on AMKR shares. Fox Advisors started coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They set an "equal weight" rating on the stock. The Goldman Sachs Group assumed coverage on shares of Amkor Technology in a research note on Thursday, February 29th. They set a "neutral" rating and a $32.00 price objective on the stock. Finally, Needham & Company LLC assumed coverage on shares of Amkor Technology in a report on Tuesday, April 9th. They set a "buy" rating and a $40.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $34.33.

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.