Amkor Technology, Inc. (NASDAQ:AMKR) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 11.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 575,849 shares of the semiconductor company’s stock after buying an additional 59,822 shares during the period. Sei Investments Co.’s holdings in Amkor Technology were worth $14,794,000 at the end of the most recent quarter.

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

Amkor Technology Price Performance

AMKR opened at $18.30 on Friday. Amkor Technology, Inc. has a twelve month low of $18.20 and a twelve month high of $44.86. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 12.80 and a beta of 1.88. The company has a fifty day simple moving average of $22.01 and a 200 day simple moving average of $25.76.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. Equities 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. Shareholders of record on Thursday, March 13th will be given a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, March 13th. Amkor Technology’s payout ratio is 23.08%.

Insider Transactions at Amkor Technology

In other Amkor Technology news, EVP Kevin Engel sold 5,489 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total transaction of $119,056.41. Following the transaction, the executive vice president now directly owns 1,388 shares in the company, valued at $30,105.72. This represents a 79.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was 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 of the company’s stock, valued at $218,956,009.50. The trade was a 7.98 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 31.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Morgan Stanley dropped their price target on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Melius downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $34.00 to $30.00 in a research note on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 target price on shares of Amkor Technology in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.