American Century Companies Inc. Buys 530,771 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

American Century Companies Inc. increased its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 24.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,709,002 shares of the semiconductor company’s stock after acquiring an additional 530,771 shares during the period. American Century Companies Inc.’s holdings in Amkor Technology were worth $69,594,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. 1620 Investment Advisors Inc. lifted its position in Amkor Technology by 24.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 942 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Amkor Technology by 41.2% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 274,000 shares of the semiconductor company’s stock valued at $7,036,000 after buying an additional 80,000 shares during the last quarter. Intech Investment Management LLC boosted its position in Amkor Technology by 131.9% during the 4th quarter. Intech Investment Management LLC now owns 22,664 shares of the semiconductor company’s stock valued at $582,000 after buying an additional 12,892 shares during the period. Royce & Associates LP boosted its position in Amkor Technology by 8.6% during the 4th quarter. Royce & Associates LP now owns 426,548 shares of the semiconductor company’s stock valued at $10,958,000 after buying an additional 33,798 shares during the period. Finally, Swiss National Bank grew its holdings in Amkor Technology by 0.8% in the 4th quarter. Swiss National Bank now owns 218,100 shares of the semiconductor company’s stock worth $5,603,000 after acquiring an additional 1,800 shares during the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMKR. Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and dropped their target price for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Morgan Stanley dropped their price objective on 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 note on Monday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price target on shares of Amkor Technology in a research note on Tuesday, February 11th. Finally, B. Riley cut their price target on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $31.50.

Insider Transactions at Amkor Technology

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction on Monday, February 24th. The stock was 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 owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. The trade was a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.40% of the company’s stock.

Amkor Technology Trading Down 1.0 %

NASDAQ AMKR opened at $19.69 on Wednesday. The firm has a market capitalization of $4.86 billion, a PE ratio of 13.77 and a beta of 1.88. The stock’s 50 day moving average is $22.43 and its 200 day moving average is $25.93. Amkor Technology, Inc. has a twelve month low of $18.87 and a twelve 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.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. Research analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.0827 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 annualized dividend and a dividend yield of 1.68%. Amkor Technology’s payout ratio is 23.08%.

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.