Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 28.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,070 shares of the semiconductor company’s stock after selling 5,123 shares during the quarter. Xponance Inc.’s holdings in Amkor Technology were worth $336,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMKR. Highland Capital Management LLC increased its position in shares of Amkor Technology by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company’s stock worth $201,000 after purchasing an additional 482 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Amkor Technology by 46.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after acquiring an additional 580 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of Amkor Technology by 2.0% in the 4th quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company’s stock worth $1,020,000 after acquiring an additional 782 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Amkor Technology by 0.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company’s stock worth $2,461,000 after purchasing an additional 785 shares during the period. Finally, Freedom Investment Management Inc. increased its holdings in Amkor Technology by 5.4% in the 3rd quarter. Freedom Investment Management Inc. now owns 15,476 shares of the semiconductor company’s stock valued at $474,000 after purchasing an additional 792 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Trading Down 5.4 %

NASDAQ AMKR opened at $18.32 on Friday. Amkor Technology, Inc. has a 52 week low of $18.20 and a 52 week high of $44.86. The firm has a 50 day moving average of $22.16 and a two-hundred day moving average of $25.83. 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 stock has a market capitalization of $4.52 billion, a PE ratio of 12.81 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS 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%. As a group, research analysts expect that Amkor Technology, Inc. will post 1.47 EPS 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. Investors of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.81%. The ex-dividend date is Thursday, March 13th. Amkor Technology’s payout ratio is 23.08%.

Insider Activity at Amkor Technology

In other news, EVP Kevin Engel sold 5,489 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $30,105.72. The trade was a 79.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 10,020,870 shares in the company, valued at $218,956,009.50. This 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 corporate insiders.

Analysts Set New Price Targets

AMKR has been the subject of several research analyst reports. Melius lowered Amkor Technology from a “buy” rating to a “hold” rating and lowered their price target for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. Morgan Stanley lowered their target price 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. JPMorgan Chase & Co. cut their price target on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Melius Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $34.00 price objective on shares of Amkor Technology in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

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.