Tredje AP fonden lowered its stake in Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 91.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 42,003 shares of the semiconductor company’s stock after selling 473,191 shares during the quarter. Tredje AP fonden’s holdings in Amkor Technology were worth $1,193,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its holdings in Amkor Technology by 72.1% in the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 391 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Amkor Technology by 21.5% during the second quarter. Allworth Financial LP now owns 2,640 shares of the semiconductor company’s stock valued at $55,000 after acquiring an additional 467 shares in the last quarter. Arizona State Retirement System raised its position in shares of Amkor Technology by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 36,553 shares of the semiconductor company’s stock worth $1,038,000 after purchasing an additional 503 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Amkor Technology by 24.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,784 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 548 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Amkor Technology by 7.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,082 shares of the semiconductor company’s stock valued at $170,000 after purchasing an additional 573 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.
Amkor Technology Trading Down 0.8%
Shares of AMKR stock opened at $47.94 on Monday. The company has a current ratio of 2.27, a quick ratio of 2.01 and a debt-to-equity ratio of 0.28. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $57.09. The stock has a market capitalization of $11.86 billion, a P/E ratio of 31.75 and a beta of 2.00. The firm’s 50 day moving average is $46.94 and its 200 day moving average is $36.39.
Amkor Technology Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th will be given a $0.0835 dividend. This represents a $0.33 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, March 12th. Amkor Technology’s dividend payout ratio (DPR) is presently 21.85%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on AMKR. Needham & Company LLC upped their target price on shares of Amkor Technology from $50.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Wall Street Zen raised Amkor Technology from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. The Goldman Sachs Group lifted their target price on Amkor Technology from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Finally, Morgan Stanley upped their price target on Amkor Technology from $28.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.86.
View Our Latest Report on Amkor Technology
Insiders Place Their Bets
In related news, Director Gil C. Tily sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $46.44, for a total value of $928,800.00. Following the transaction, the director owned 123,806 shares of the company’s stock, valued at approximately $5,749,550.64. This trade represents a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $49.28, for a total transaction of $246,400.00. Following the sale, the executive vice president owned 23,862 shares of the company’s stock, valued at $1,175,919.36. This trade represents a 17.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 66,000 shares of company stock valued at $3,135,310. 26.90% of the stock is currently owned by company insiders.
Amkor Technology Company Profile
Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.
In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.
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