American Century Companies Inc. Buys 530,771 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

American Century Companies Inc. increased its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,709,002 shares of the semiconductor company’s stock after buying an additional 530,771 shares during the quarter. American Century Companies Inc. owned 1.10% of Amkor Technology worth $69,594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Highland Capital Management LLC grew its stake in shares of Amkor Technology by 6.6% in the 4th 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 in the last quarter. Larson Financial Group LLC grew its position in Amkor Technology by 46.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $56,000 after purchasing an additional 580 shares in the last quarter. New York State Teachers Retirement System increased its stake in Amkor Technology by 2.0% in 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 last quarter. GHP Investment Advisors Inc. lifted its position in shares of Amkor Technology by 0.8% during 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 in the last quarter. Finally, Freedom Investment Management Inc. boosted its stake in shares of Amkor Technology by 5.4% in the 3rd quarter. Freedom Investment Management Inc. now owns 15,476 shares of the semiconductor company’s stock worth $474,000 after buying an additional 792 shares during the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Melius Research downgraded 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 report on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price on shares of Amkor Technology in a research note on Tuesday, February 11th. Finally, B. Riley lowered their price target on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Amkor Technology Stock Down 1.0 %

Amkor Technology stock opened at $19.69 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a 1-year low of $18.87 and a 1-year high of $44.86. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 13.77 and a beta of 1.88. The firm has a 50 day simple moving average of $22.43 and a 200 day simple moving average of $25.93.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. On average, analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, March 13th. Amkor Technology’s dividend payout ratio is currently 23.08%.

Insider Buying and Selling

In other Amkor Technology news, 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 completion of the sale, the executive vice president now owns 1,388 shares of the company’s stock, valued at $30,105.72. The trade was a 79.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total value of $18,999,995.25. Following the transaction, the insider now owns 10,020,870 shares in the company, valued at $218,956,009.50. This trade represents a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.