Allspring Global Investments Holdings LLC Lowers Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Allspring Global Investments Holdings LLC lessened its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 90.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,287 shares of the semiconductor company's stock after selling 77,402 shares during the period. Allspring Global Investments Holdings LLC's holdings in Amkor Technology were worth $276,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in Amkor Technology by 1,324.6% in the 4th quarter. Allworth Financial LP now owns 812 shares of the semiconductor company's stock worth $27,000 after buying an additional 755 shares during the period. Fifth Third Bancorp grew its position in shares of Amkor Technology by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 347 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Amkor Technology by 57.0% during the 4th quarter. Blue Trust Inc. now owns 1,487 shares of the semiconductor company's stock valued at $49,000 after purchasing an additional 540 shares during the period. CWM LLC lifted its holdings in Amkor Technology by 81.1% during the 3rd quarter. CWM LLC now owns 3,661 shares of the semiconductor company's stock worth $83,000 after purchasing an additional 1,640 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Amkor Technology by 26.2% during the 3rd quarter. Acadian Asset Management LLC now owns 4,217 shares of the semiconductor company's stock worth $95,000 after purchasing an additional 875 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Insiders Place Their Bets

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $31.17, for a total transaction of $779,250.00. Following the transaction, the chief executive officer now directly owns 114,476 shares of the company's stock, valued at $3,568,216.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Megan Faust sold 2,700 shares of the 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 of the company's stock, valued at $1,177,525.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $31.17, for a total transaction of $779,250.00. Following the completion of the transaction, the chief executive officer now directly owns 114,476 shares in the company, valued at $3,568,216.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,500 shares of company stock valued at $2,494,720. 31.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Amkor Technology Price Performance

Amkor Technology stock traded up $0.53 during mid-day trading on Friday, hitting $30.62. 739,935 shares of the company traded hands, compared to its average volume of 859,930. Amkor Technology, Inc. has a one year low of $17.58 and a one year high of $37.00. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 20.97 and a beta of 1.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.02 and a current ratio of 2.31. The stock has a fifty day moving average price of $31.57 and a 200-day moving average price of $29.68.

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 (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the business posted $0.67 earnings per share. Amkor Technology's revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities analysts predict that Amkor Technology, Inc. will post 1.63 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were paid a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Monday, March 11th. Amkor Technology's dividend payout ratio (DPR) 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.