Hel Ved Capital Management Ltd Lowers Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Hel Ved Capital Management Ltd trimmed its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 16.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,545 shares of the semiconductor company’s stock after selling 57,250 shares during the quarter. Amkor Technology comprises about 2.1% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 12th biggest holding. Hel Ved Capital Management Ltd owned about 0.12% of Amkor Technology worth $7,310,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AMKR. Neo Ivy Capital Management bought a new stake in Amkor Technology during the 3rd quarter valued at about $930,000. Geode Capital Management LLC increased its position in shares of Amkor Technology by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock valued at $64,101,000 after acquiring an additional 131,106 shares in the last quarter. Covea Finance raised its holdings in Amkor Technology by 47.1% in the 4th quarter. Covea Finance now owns 62,500 shares of the semiconductor company’s stock worth $1,606,000 after acquiring an additional 20,000 shares during the last quarter. Holocene Advisors LP bought a new position in Amkor Technology in the 3rd quarter valued at approximately $1,126,000. Finally, Raymond James Financial Inc. purchased a new stake in Amkor Technology during the 4th quarter valued at $5,666,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Stock Down 6.1 %

Amkor Technology stock opened at $14.88 on Friday. The business’s 50-day moving average price is $21.11 and its 200 day moving average price is $25.31. 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 firm has a market cap of $3.68 billion, a price-to-earnings ratio of 10.41 and a beta of 1.88. Amkor Technology, Inc. has a 52 week low of $14.07 and a 52 week high of $44.86.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. As a group, sell-side analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were given a dividend of $0.0827 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a yield of 2.22%. Amkor Technology’s dividend payout ratio is currently 23.08%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley decreased their price objective on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Melius Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. B. Riley dropped their price objective on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 target price on shares of Amkor Technology in a report on Tuesday, February 11th. Finally, Melius downgraded Amkor Technology from a “buy” rating to a “hold” rating and decreased their price objective for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

Insider Buying and Selling at Amkor Technology

In other news, EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the sale, the executive vice president now owns 1,388 shares in the company, valued at $30,105.72. This trade represents a 79.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of the firm’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 completion of the transaction, the insider now directly owns 10,020,870 shares in the company, valued at $218,956,009.50. This represents a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is owned by corporate insiders.

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.