Amkor Technology, Inc. $AMKR Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 37.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,907 shares of the semiconductor company’s stock after selling 7,625 shares during the period. Sterling Capital Management LLC’s holdings in Amkor Technology were worth $581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMKR. O Shaughnessy Asset Management LLC boosted its holdings in Amkor Technology by 2.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock worth $387,000 after acquiring an additional 202 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Amkor Technology by 0.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock valued at $1,430,000 after acquiring an additional 218 shares in the last quarter. Evolve Private Wealth LLC raised its stake in shares of Amkor Technology by 3.0% during the first quarter. Evolve Private Wealth LLC now owns 7,615 shares of the semiconductor company’s stock valued at $343,000 after purchasing an additional 222 shares during the period. Root Financial Partners LLC raised its stake in shares of Amkor Technology by 38.8% during the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 262 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Amkor Technology by 11.3% during the fourth quarter. Signaturefd LLC now owns 2,644 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 269 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Stock Down 12.9%

AMKR stock opened at $69.65 on Friday. Amkor Technology, Inc. has a twelve month low of $20.59 and a twelve month high of $96.68. The company has a current ratio of 2.01, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $17.26 billion, a P/E ratio of 39.80 and a beta of 2.20. The firm has a 50 day simple moving average of $75.56 and a 200-day simple moving average of $57.84.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. On average, equities research analysts predict that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd were given a dividend of $0.0835 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.33 annualized dividend and a dividend yield of 0.5%. Amkor Technology’s dividend payout ratio (DPR) is presently 18.86%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMKR. Needham & Company LLC upped their target price on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group lifted their price target on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. B. Riley Financial upped their price objective on shares of Amkor Technology from $70.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. UBS Group restated a “neutral” rating and set a $80.00 target price on shares of Amkor Technology in a research note on Tuesday, May 26th. Finally, Wall Street Zen lowered Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Amkor Technology currently has a consensus rating of “Hold” and an average target price of $69.88.

Insiders Place Their Bets

In related news, Director Winston J. Churchill sold 7,000 shares of Amkor Technology stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $76.45, for a total value of $535,150.00. Following the completion of the transaction, the director directly owned 18,888 shares in the company, valued at approximately $1,443,987.60. This trade represents a 27.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Guillaume Marie Jean Rutten sold 50,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $74.28, for a total value of $3,714,000.00. Following the completion of the sale, the director directly owned 502,558 shares of the company’s stock, valued at approximately $37,330,008.24. This represents a 9.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 119,000 shares of company stock valued at $8,928,600. 26.40% of the stock is owned by company insiders.

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.