LSV Asset Management Has $214.16 Million Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

LSV Asset Management lowered its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,436,875 shares of the semiconductor company's stock after selling 641,767 shares during the quarter. LSV Asset Management owned about 2.62% of Amkor Technology worth $214,155,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AMKR. Vanguard Group Inc. lifted its holdings in Amkor Technology by 10.4% in 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. AQR Capital Management LLC lifted its holdings in Amkor Technology by 39.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,939,583 shares of the semiconductor company's stock valued at $43,835,000 after acquiring an additional 547,604 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in Amkor Technology in the 3rd quarter valued at about $10,015,000. Rokos Capital Management LLP acquired a new stake in Amkor Technology in the 3rd quarter valued at about $7,640,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Amkor Technology by 22.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,710,584 shares of the semiconductor company's stock valued at $38,659,000 after acquiring an additional 311,966 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Insider Activity

In related 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 value of $81,918.00. Following the transaction, the chief financial officer now owns 38,811 shares in the company, valued at $1,177,525.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the 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 transaction, the chief executive officer now owns 124,476 shares in the company, valued at $3,887,385.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $81,918.00. Following the completion of the transaction, the chief financial officer now owns 38,811 shares in the company, valued at approximately $1,177,525.74. The disclosure for this sale can be found here. Insiders have sold 85,500 shares of company stock worth $2,651,220 in the last 90 days. Company insiders own 31.40% of the company's stock.

Amkor Technology Stock Up 2.1 %

Shares of AMKR traded up $0.68 during trading hours on Friday, reaching $32.34. The company's stock had a trading volume of 1,060,711 shares, compared to its average volume of 1,168,843. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 21.28 and a beta of 1.94. Amkor Technology, Inc. has a 1-year low of $17.58 and a 1-year high of $37.00. The company has a quick ratio of 2.02, a current ratio of 2.34 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $31.71 and a two-hundred day moving average of $29.98.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its earnings results on Monday, April 29th. The semiconductor company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.13. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The firm's quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. As a group, research analysts predict that Amkor Technology, Inc. will post 1.78 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were issued a $0.079 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%. Amkor Technology's dividend payout ratio is 20.39%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Amkor Technology from $32.00 to $36.00 and gave the company a "neutral" rating in a report on Wednesday. Fox Advisors assumed coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They set an "equal weight" rating for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price objective on shares of Amkor Technology in a research note on Tuesday, April 30th. Morgan Stanley upped their price objective on shares of Amkor Technology from $32.00 to $34.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 30th. Finally, B. Riley reaffirmed a "buy" rating and set a $45.00 price objective (up from $43.00) on shares of Amkor Technology in a research note on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.67.

About Amkor Technology

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.