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

Boston Partners reduced its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 231,718 shares of the semiconductor company’s stock after selling 14,392 shares during the period. Boston Partners owned 0.09% of Amkor Technology worth $6,893,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its holdings in shares of Amkor Technology by 350.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,311 shares of the semiconductor company’s stock worth $34,000 after buying an additional 1,020 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Amkor Technology during the first quarter worth $38,000. Chilton Capital Management LLC purchased a new stake in Amkor Technology in the first quarter valued at $52,000. Advisors Asset Management Inc. lifted its stake in shares of Amkor Technology by 57.3% in the 1st quarter. Advisors Asset Management Inc. now owns 2,936 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 1,069 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Amkor Technology by 54.2% during the 4th quarter. State of Wyoming now owns 4,024 shares of the semiconductor company’s stock worth $96,000 after purchasing an additional 1,415 shares during the period. 38.69% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Price Performance

Amkor Technology stock opened at $27.08 on Tuesday. The company’s 50 day moving average is $22.90 and its two-hundred day moving average is $25.16. The firm has a market cap of $6.66 billion, a PE ratio of 16.41 and a beta of 1.85. The company has a quick ratio of 1.65, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. Amkor Technology, Inc. has a 52-week low of $17.58 and a 52-week high of $31.38.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, October 30th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Amkor Technology had a return on equity of 10.79% and a net margin of 6.11%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the business posted $1.24 earnings per share. Amkor Technology’s revenue was down 12.6% compared to the same quarter last year. On average, research analysts expect that Amkor Technology, Inc. will post 1.39 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Tuesday, December 5th will be paid a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.17%. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, December 4th. Amkor Technology’s dividend payout ratio is presently 18.18%.

Insider Activity at Amkor Technology

In other Amkor Technology news, major shareholder James J. Kim sold 10,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $23.22, for a total transaction of $232,200,000.00. Following the completion of the transaction, the insider now owns 39,594,980 shares in the company, valued at approximately $919,395,435.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Amkor Technology news, major shareholder James J. Kim sold 10,000,000 shares of Amkor Technology stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $23.22, for a total transaction of $232,200,000.00. Following the completion of the sale, the insider now directly owns 39,594,980 shares of the company’s stock, valued at approximately $919,395,435.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Megan Faust sold 2,700 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $22.52, for a total value of $60,804.00. Following the transaction, the chief financial officer now directly owns 35,394 shares of the company’s stock, valued at $797,072.88. The disclosure for this sale can be found here. Insiders have sold a total of 10,013,100 shares of company stock valued at $232,511,953 over the last 90 days. 53.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. B. Riley initiated coverage on shares of Amkor Technology in a research report on Thursday, November 16th. They issued a “buy” rating and a $35.00 target price on the stock. UBS Group started coverage on shares of Amkor Technology in a research report on Thursday, November 16th. They set a “buy” rating and a $31.00 price objective for the company. Morgan Stanley started coverage on shares of Amkor Technology in a report on Thursday, November 9th. They issued an “equal weight” rating and a $27.00 target price for the company. StockNews.com cut Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, DA Davidson lifted their price objective on Amkor Technology from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.25.

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 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.