LSV Asset Management Sells 457,357 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

LSV Asset Management trimmed its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 7.1% in the 1st quarter, Holdings Channel reports. The firm owned 5,979,518 shares of the semiconductor company’s stock after selling 457,357 shares during the quarter. LSV Asset Management’s holdings in Amkor Technology were worth $192,780,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Amkor Technology by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,860,585 shares of the semiconductor company’s stock valued at $494,421,000 after purchasing an additional 244,026 shares during the period. Vanguard Group Inc. boosted its holdings in Amkor Technology by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 14,756,992 shares of the semiconductor company’s stock valued at $490,965,000 after purchasing an additional 959,838 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Amkor Technology by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,852,309 shares of the semiconductor company’s stock valued at $61,626,000 after purchasing an additional 141,725 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Amkor Technology by 4.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,410,504 shares of the semiconductor company’s stock valued at $46,927,000 after purchasing an additional 63,104 shares during the period. Finally, Norges Bank bought a new position in Amkor Technology in the 4th quarter valued at $39,224,000. 42.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMKR. Fox Advisors began coverage on shares of Amkor Technology in a report on Thursday, March 14th. They set an “equal weight” rating for the company. The Goldman Sachs Group lifted their price objective on shares of Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Morgan Stanley lifted their price objective on shares of Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 2nd. B. Riley lifted their price objective on shares of Amkor Technology from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Finally, DA Davidson lifted their price objective on shares of Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.43.

Insider Activity at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $31.17, for a total transaction of $779,250.00. Following the transaction, the chief executive officer now owns 114,476 shares in the company, valued at $3,568,216.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Gil C. Tily sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $32.20, for a total transaction of $644,000.00. Following the sale, the director now owns 129,218 shares of the company’s stock, valued at $4,160,819.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $31.17, for a total transaction of $779,250.00. Following the sale, the chief executive officer now directly owns 114,476 shares in the company, valued at approximately $3,568,216.92. The disclosure for this sale can be found here. Insiders have sold 75,000 shares of company stock worth $2,414,000 over the last 90 days. 31.40% of the stock is owned by company insiders.

Amkor Technology Trading Up 0.4 %

Shares of AMKR stock traded up $0.18 during mid-day trading on Friday, reaching $42.12. The stock had a trading volume of 1,135,411 shares, compared to its average volume of 1,161,118. The stock’s 50-day moving average price is $35.70 and its two-hundred day moving average price is $33.04. Amkor Technology, Inc. has a 52-week low of $17.58 and a 52-week high of $44.09. The firm has a market capitalization of $10.35 billion, a PE ratio of 27.59 and a beta of 1.86. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.26.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. Amkor Technology had a net margin of 5.84% and a return on equity of 9.53%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities analysts expect that Amkor Technology, Inc. will post 1.76 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Tuesday, June 4th were given a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Tuesday, June 4th. Amkor Technology’s dividend payout ratio is currently 20.39%.

Amkor Technology Profile

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.