Northwestern Mutual Wealth Management Co. Sells 1,681 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Northwestern Mutual Wealth Management Co. decreased its position in Amkor Technology, Inc. (NASDAQ:AMKRGet Rating) by 50.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,625 shares of the semiconductor company’s stock after selling 1,681 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Amkor Technology were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Amkor Technology by 1.1% in the first quarter. Vanguard Group Inc. now owns 12,002,251 shares of the semiconductor company’s stock worth $260,689,000 after acquiring an additional 132,938 shares in the last quarter. BlackRock Inc. boosted its holdings in Amkor Technology by 1.3% in the first quarter. BlackRock Inc. now owns 11,864,830 shares of the semiconductor company’s stock worth $257,703,000 after acquiring an additional 155,412 shares in the last quarter. LSV Asset Management boosted its holdings in Amkor Technology by 9.2% in the first quarter. LSV Asset Management now owns 8,153,318 shares of the semiconductor company’s stock worth $177,090,000 after acquiring an additional 684,917 shares in the last quarter. State Street Corp boosted its holdings in Amkor Technology by 3.3% in the first quarter. State Street Corp now owns 3,355,040 shares of the semiconductor company’s stock worth $72,871,000 after acquiring an additional 106,685 shares in the last quarter. Finally, SW Investment Management LLC boosted its holdings in Amkor Technology by 9.1% in the first quarter. SW Investment Management LLC now owns 3,000,000 shares of the semiconductor company’s stock worth $65,165,000 after acquiring an additional 250,000 shares in the last quarter. Institutional investors own 38.69% of the company’s stock.

Insider Buying and Selling

In related news, EVP Farshad Haghighi sold 25,000 shares of the stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the sale, the executive vice president now owns 10,260 shares in the company, valued at $256,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Guillaume Marie Jean Rutten sold 60,000 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $22.00, for a total transaction of $1,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 200,000 shares of the company’s stock, valued at $4,400,000. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Farshad Haghighi sold 25,000 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the executive vice president now directly owns 10,260 shares of the company’s stock, valued at $256,500. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,000 shares of company stock worth $2,173,840. 56.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AMKR shares. DA Davidson lowered their price target on Amkor Technology to $30.00 in a report on Friday, November 4th. StockNews.com started coverage on Amkor Technology in a report on Wednesday, October 12th. They set a “buy” rating on the stock.

Amkor Technology Trading Up 3.7 %

Shares of NASDAQ:AMKR opened at $26.17 on Tuesday. The company has a market cap of $6.41 billion, a P/E ratio of 7.88 and a beta of 1.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 1.42. Amkor Technology, Inc. has a 1 year low of $14.89 and a 1 year high of $26.98. The stock’s fifty day moving average price is $19.18 and its 200-day moving average price is $19.21.

Amkor Technology (NASDAQ:AMKRGet Rating) last posted its quarterly earnings data on Monday, October 31st. The semiconductor company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.31. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Amkor Technology had a return on equity of 25.47% and a net margin of 11.84%. Amkor Technology’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 earnings per share. Sell-side analysts expect that Amkor Technology, Inc. will post 3.14 earnings per share for the current year.

Amkor Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Tuesday, September 6th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Friday, September 2nd. Amkor Technology’s dividend payout ratio is currently 6.02%.

Amkor Technology Profile

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Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.

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Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

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