Cwm LLC Trims Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Cwm LLC lessened its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 22.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,841 shares of the semiconductor company’s stock after selling 820 shares during the quarter. Cwm LLC’s holdings in Amkor Technology were worth $95,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Amkor Technology by 10.4% during the third quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock valued at $311,816,000 after purchasing an additional 1,300,745 shares in the last quarter. SW Investment Management LLC raised its stake in Amkor Technology by 9.3% during the third quarter. SW Investment Management LLC now owns 2,350,000 shares of the semiconductor company’s stock valued at $53,110,000 after buying an additional 200,000 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Amkor Technology by 39.3% in the third quarter. AQR Capital Management LLC now owns 1,939,583 shares of the semiconductor company’s stock worth $43,835,000 after acquiring an additional 547,604 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Amkor Technology by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,710,584 shares of the semiconductor company’s stock worth $38,659,000 after acquiring an additional 311,966 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Amkor Technology by 12.3% during the third quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company’s stock valued at $29,790,000 after acquiring an additional 144,280 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Fox Advisors started coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They issued an “equal weight” rating on the stock. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Amkor Technology in a report on Tuesday, April 30th. Morgan Stanley boosted their price objective on shares of Amkor Technology from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. DA Davidson increased their target price on Amkor Technology from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Finally, The Goldman Sachs Group boosted their price target on Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.67.

Amkor Technology Trading Up 1.3 %

NASDAQ:AMKR opened at $32.78 on Wednesday. The company has a market cap of $8.06 billion, a PE ratio of 21.57 and a beta of 1.94. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.26. The company has a 50 day simple moving average of $31.79 and a two-hundred day simple moving average of $30.12. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $37.00.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.11 by $0.13. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. Amkor Technology’s revenue was down 7.2% compared to the same quarter last year. Research analysts forecast that Amkor Technology, Inc. will post 1.78 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were given a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Monday, March 11th. Amkor Technology’s payout ratio is 20.39%.

Insider Buying and Selling

In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $30.34, for a total value of $81,918.00. Following the completion of the sale, the chief financial officer now owns 38,811 shares in the company, valued at $1,177,525.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Amkor Technology news, Director Gil C. Tily sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $32.20, for a total value of $644,000.00. Following the completion of the sale, the director now owns 129,218 shares in the company, valued at approximately $4,160,819.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Megan Faust sold 2,700 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $30.34, for a total value of $81,918.00. Following the completion of the transaction, the chief financial officer now owns 38,811 shares in the company, valued at $1,177,525.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,500 shares of company stock valued at $3,295,220. 31.40% of the stock is 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.