Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 3.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,096 shares of the semiconductor company’s stock after selling 1,128 shares during the period. WINTON GROUP Ltd’s holdings in Amkor Technology were worth $825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Amkor Technology by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company’s stock valued at $402,414,000 after buying an additional 1,092,002 shares during the period. State Street Corp grew its position in Amkor Technology by 5.6% in the 3rd quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company’s stock valued at $102,688,000 after acquiring an additional 176,528 shares in the last quarter. American Century Companies Inc. increased its stake in Amkor Technology by 24.4% during the fourth quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company’s stock worth $69,594,000 after purchasing an additional 530,771 shares during the period. Geode Capital Management LLC lifted 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 worth $64,101,000 after purchasing an additional 131,106 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Amkor Technology by 6.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,006,273 shares of the semiconductor company’s stock valued at $51,541,000 after purchasing an additional 127,361 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Insider Activity at Amkor Technology

In other news, major shareholder Agnes C. Kim sold 869,565 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $21.85, for a total value of $18,999,995.25. Following the completion of the sale, the insider now directly owns 10,020,870 shares of the company’s stock, valued at approximately $218,956,009.50. The trade was a 7.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $119,056.41. Following the completion of the sale, the executive vice president now directly owns 1,388 shares of the company’s stock, valued at approximately $30,105.72. This trade represents a 79.82 % 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 target price on shares of Amkor Technology in a research note on Tuesday, February 11th. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and reduced their price objective for the company from $34.00 to $30.00 in a research note on Monday, January 6th. Melius Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. B. Riley reduced their price target on Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lowered their price objective on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.50.

Amkor Technology Trading Down 0.1 %

NASDAQ:AMKR opened at $18.30 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. Amkor Technology, Inc. has a 1 year low of $18.20 and a 1 year high of $44.86. The stock has a market cap of $4.52 billion, a P/E ratio of 12.80 and a beta of 1.88. The stock has a 50-day simple moving average of $22.01 and a 200-day simple moving average of $25.74.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS 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, analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.33 annualized dividend and a yield of 1.81%. Amkor Technology’s dividend payout ratio is currently 23.08%.

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.