Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lowered its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,228,895 shares of the semiconductor company’s stock after selling 6,385 shares during the period. Westwood Holdings Group Inc. owned 0.50% of Amkor Technology worth $31,570,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Amkor Technology in the 4th quarter worth $32,479,000. Vanguard Group Inc. lifted its stake 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 worth $402,414,000 after acquiring an additional 1,092,002 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Amkor Technology by 44.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,972,293 shares of the semiconductor company’s stock worth $50,665,000 after acquiring an additional 611,209 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Amkor Technology by 15.8% in the 4th quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company’s stock worth $104,853,000 after acquiring an additional 556,761 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Amkor Technology by 24.4% in the 4th quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company’s stock worth $69,594,000 after acquiring an additional 530,771 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AMKR. Morgan Stanley reduced their target price on shares of Amkor Technology from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. DA Davidson reduced their target price on shares of Amkor Technology from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Needham & Company LLC reduced their target price on shares of Amkor Technology from $34.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. reduced their target price on shares of Amkor Technology from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, April 29th. Finally, KeyCorp restated a “sector weight” rating on shares of Amkor Technology in a research note on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.00.

Insiders Place Their Bets

In other news, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the sale, the insider now directly owns 10,020,870 shares in the company, valued at $218,956,009.50. The trade was a 7.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total transaction of $119,056.41. Following the sale, the executive vice president now 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. 26.90% of the stock is currently owned by company insiders.

Amkor Technology Stock Down 2.4%

Shares of NASDAQ AMKR opened at $19.26 on Tuesday. 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 firm has a 50-day moving average price of $17.83 and a 200 day moving average price of $22.39. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $44.86. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 13.47 and a beta of 1.86.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, June 5th. Amkor Technology’s payout ratio is currently 25.78%.

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.