Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKRFree Report) by 58.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 236,316 shares of the semiconductor company’s stock after selling 337,673 shares during the period. Envestnet Asset Management Inc. owned approximately 0.10% of Amkor Technology worth $7,030,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Xponance Inc. lifted its position in Amkor Technology by 26.3% in the second quarter. Xponance Inc. now owns 20,024 shares of the semiconductor company’s stock valued at $596,000 after purchasing an additional 4,164 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Amkor Technology in the second quarter valued at about $187,000. M&G Investment Management Ltd. acquired a new stake in Amkor Technology in the second quarter valued at about $8,479,000. Ritholtz Wealth Management lifted its position in Amkor Technology by 43.1% in the second quarter. Ritholtz Wealth Management now owns 32,173 shares of the semiconductor company’s stock valued at $957,000 after purchasing an additional 9,686 shares during the period. Finally, LPL Financial LLC lifted its position in Amkor Technology by 14.2% in the second quarter. LPL Financial LLC now owns 38,154 shares of the semiconductor company’s stock valued at $1,135,000 after purchasing an additional 4,755 shares during the period. Institutional investors and hedge funds own 38.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AMKR. B. Riley began coverage on shares of Amkor Technology in a research report on Thursday. They issued a “buy” rating and a $35.00 price objective for the company. UBS Group began coverage on shares of Amkor Technology in a report on Thursday. They issued a “buy” rating and a $31.00 target price for the company. StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Morgan Stanley began coverage on shares of Amkor Technology in a report on Thursday, November 9th. They issued an “equal weight” rating and a $27.00 target price for the company. Finally, DA Davidson increased their target price on shares of Amkor Technology from $32.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.25.

Get Our Latest Stock Analysis on AMKR

Insider Transactions at Amkor Technology

In related news, CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $22.68, for a total transaction of $61,236.00. Following the sale, the chief financial officer now owns 35,394 shares in the company, valued at $802,735.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder James J. Kim sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $23.22, for a total transaction of $232,200,000.00. Following the sale, the insider now owns 39,594,980 shares in the company, valued at $919,395,435.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $22.68, for a total transaction of $61,236.00. Following the sale, the chief financial officer now owns 35,394 shares in the company, valued at approximately $802,735.92. The disclosure for this sale can be found here. Insiders sold a total of 10,010,400 shares of company stock valued at $232,441,240 in the last ninety days. Corporate insiders own 53.30% of the company’s stock.

Amkor Technology Trading Up 1.9 %

Shares of AMKR opened at $26.49 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 1.65. The firm has a 50 day simple moving average of $22.79 and a 200-day simple moving average of $25.06. Amkor Technology, Inc. has a 1-year low of $17.58 and a 1-year high of $31.38. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 16.05 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKRGet Free Report) last issued its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. Amkor Technology had a net margin of 6.11% and a return on equity of 10.79%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the company posted $1.24 EPS. The company’s revenue was down 12.6% on a year-over-year basis. Equities analysts forecast that Amkor Technology, Inc. will post 1.39 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Tuesday, December 5th will be paid a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.19%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, December 4th. Amkor Technology’s dividend payout ratio (DPR) is 18.18%.

Amkor Technology Profile

(Free Report)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and 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.

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

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