Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. cut its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,000 shares of the semiconductor company’s stock after selling 3,598 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Amkor Technology were worth $514,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in Amkor Technology by 24,383.3% during the 3rd quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company’s stock valued at $115,899,000 after purchasing an additional 3,772,095 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in Amkor Technology in the 3rd quarter worth $42,610,000. Wellington Management Group LLP lifted its position in Amkor Technology by 522.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,134,106 shares of the semiconductor company’s stock worth $34,704,000 after acquiring an additional 951,764 shares during the period. Principal Financial Group Inc. grew its stake in Amkor Technology by 212.6% during the 3rd 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. Finally, FMR LLC increased its holdings in shares of Amkor Technology by 35.7% in the third quarter. FMR LLC now owns 1,555,392 shares of the semiconductor company’s stock valued at $47,595,000 after purchasing an additional 409,241 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMKR. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group reduced their target price on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Needham & Company LLC reduced their price objective on Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Finally, DA Davidson decreased their price objective on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.50.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $24.60 on Friday. The firm has a 50-day simple moving average of $25.83 and a 200-day simple moving average of $28.69. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 16.62 and a beta of 1.81. Amkor Technology, Inc. has a 52 week low of $23.33 and a 52 week high of $44.86.

Amkor Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.0827 per share. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Wednesday, December 4th. Amkor Technology’s payout ratio is currently 22.30%.

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.