Atlas Capital Advisors Inc. Has $103,000 Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Atlas Capital Advisors Inc. lowered its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 52.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,021 shares of the semiconductor company’s stock after selling 4,451 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Amkor Technology were worth $103,000 at the end of the most recent quarter.

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

Amkor Technology Stock Down 6.1 %

AMKR stock opened at $14.88 on Friday. The stock has a market cap of $3.68 billion, a P/E ratio of 10.41 and a beta of 1.88. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $21.11 and its two-hundred day simple moving average is $25.27. Amkor Technology, Inc. has a 1-year low of $14.07 and a 1-year high of $44.86.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly 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%. Analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target on shares of Amkor Technology in a research note on Tuesday, February 11th. Morgan Stanley lowered their price objective on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and cut their target price for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Finally, Melius Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $31.50.

Insider Transactions at Amkor Technology

In other news, 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 transaction of $119,056.41. Following the completion of the transaction, the executive vice president now owns 1,388 shares in the company, valued at approximately $30,105.72. This represents a 79.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology 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. This trade represents a 7.98 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by company insiders.

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.