Northern Trust Corp Buys 124,671 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Northern Trust Corp grew its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 16.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 895,413 shares of the semiconductor company's stock after purchasing an additional 124,671 shares during the period. Northern Trust Corp owned approximately 0.36% of Amkor Technology worth $23,003,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AMKR. Barclays PLC lifted its holdings in shares of Amkor Technology by 99.5% during the third quarter. Barclays PLC now owns 405,400 shares of the semiconductor company's stock valued at $12,406,000 after purchasing an additional 202,218 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Amkor Technology by 212.6% during the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock valued at $41,647,000 after purchasing an additional 925,644 shares during the last quarter. Covea Finance lifted its holdings in shares of Amkor Technology by 47.1% during the fourth quarter. Covea Finance now owns 62,500 shares of the semiconductor company's stock valued at $1,606,000 after purchasing an additional 20,000 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Amkor Technology by 34.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 8,862 shares of the semiconductor company's stock valued at $228,000 after purchasing an additional 2,255 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of Amkor Technology by 34.4% during the fourth quarter. Merit Financial Group LLC now owns 13,722 shares of the semiconductor company's stock valued at $353,000 after purchasing an additional 3,513 shares during the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMKR. Morgan Stanley lowered their target price on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Needham & Company LLC reduced their price target on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. reduced their price target on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. DA Davidson reduced their price target on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Amkor Technology currently has a consensus rating of "Hold" and an average target price of $28.00.

Insider Transactions at Amkor Technology

In related news, EVP Kevin Engel sold 5,489 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were 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 approximately $30,105.72. This represents a 79.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Agnes C. Kim sold 869,565 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the transaction, the insider now owns 10,020,870 shares in the company, valued at $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. Insiders own 26.90% of the company's stock.

Amkor Technology Price Performance

AMKR stock traded down $0.19 during mid-day trading on Friday, hitting $19.73. The company had a trading volume of 1,797,352 shares, compared to its average volume of 1,811,864. The company has a 50-day moving average price of $17.83 and a 200 day moving average price of $22.49. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $44.86. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 13.80 and a beta of 1.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm posted $0.24 EPS. The business's quarterly revenue was down 3.2% on a year-over-year basis. On average, research analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be issued a $0.0827 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.68%. Amkor Technology's dividend payout ratio (DPR) is presently 25.78%.

Amkor Technology 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.