Nuveen Asset Management LLC Has $14.65 Million Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Nuveen Asset Management LLC decreased its holdings in Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating) by 11.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 859,392 shares of the semiconductor company’s stock after selling 110,118 shares during the quarter. Nuveen Asset Management LLC owned 0.35% of Amkor Technology worth $14,653,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AMKR. Hsbc Holdings PLC grew its holdings in shares of Amkor Technology by 34.9% in the 3rd quarter. Hsbc Holdings PLC now owns 128,564 shares of the semiconductor company’s stock worth $2,193,000 after purchasing an additional 33,265 shares during the last quarter. Watershed Asset Management L.L.C. grew its holdings in shares of Amkor Technology by 5.4% in the 3rd quarter. Watershed Asset Management L.L.C. now owns 13,741 shares of the semiconductor company’s stock worth $234,000 after purchasing an additional 702 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Amkor Technology in the 3rd quarter worth about $957,000. Dimensional Fund Advisors LP grew its holdings in shares of Amkor Technology by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 15,659,878 shares of the semiconductor company’s stock worth $266,995,000 after purchasing an additional 145,752 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Amkor Technology by 138.9% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 94,600 shares of the semiconductor company’s stock worth $1,613,000 after purchasing an additional 55,000 shares during the last quarter. Institutional investors and hedge funds own 38.07% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Friday.

Amkor Technology Stock Down 0.9 %

Shares of NASDAQ:AMKR opened at $26.37 on Tuesday. Amkor Technology, Inc. has a 12 month low of $14.89 and a 12 month high of $31.38. The company’s 50-day moving average price is $27.78 and its two-hundred day moving average price is $23.91. The company has a quick ratio of 1.61, a current ratio of 1.99 and a debt-to-equity ratio of 0.29. The firm has a market cap of $6.47 billion, a P/E ratio of 8.48 and a beta of 1.76.

Amkor Technology (NASDAQ:AMKR – Get Rating) last issued its quarterly earnings data on Monday, February 13th. The semiconductor company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Amkor Technology had a return on equity of 22.57% and a net margin of 10.80%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the company earned $0.88 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Amkor Technology, Inc. will post 2.15 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Tuesday, February 28th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Monday, February 27th. Amkor Technology’s dividend payout ratio is currently 9.65%.

Insider Activity

In other news, EVP Kevin Engel sold 14,250 shares of the firm’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $25.26, for a total value of $359,955.00. Following the transaction, the executive vice president now owns 3,021 shares of the company’s stock, valued at approximately $76,310.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Gil C. Tily sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $25.81, for a total value of $516,200.00. Following the transaction, the director now owns 137,924 shares of the company’s stock, valued at approximately $3,559,818.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kevin Engel sold 14,250 shares of the firm’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $25.26, for a total transaction of $359,955.00. Following the completion of the transaction, the executive vice president now directly owns 3,021 shares in the company, valued at approximately $76,310.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,046,250 shares of company stock valued at $51,956,355. 56.50% of the stock is currently owned by insiders.

Amkor Technology Company Profile

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Amkor Technology, Inc provides outsourced semiconductor packaging and test services. Its services include design, package characterization, test and wafer bumping services. The firm’s operations include production facilities, product development centers, and sales and support offices. The company was founded in 1986 and is headquartered in Tempe, AZ.