Ritholtz Wealth Management Has $1.01 Million Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Ritholtz Wealth Management increased its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKRFree Report) by 15.5% in the fourth quarter, Holdings Channel reports. The firm owned 30,353 shares of the semiconductor company’s stock after buying an additional 4,074 shares during the quarter. Ritholtz Wealth Management’s holdings in Amkor Technology were worth $1,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its position in shares of Amkor Technology by 1,757.9% in the 2nd quarter. Alliancebernstein L.P. now owns 4,182,333 shares of the semiconductor company’s stock valued at $124,424,000 after buying an additional 3,957,221 shares in the last quarter. First Trust Advisors LP lifted its holdings in Amkor Technology by 192.4% during the first quarter. First Trust Advisors LP now owns 2,129,215 shares of the semiconductor company’s stock worth $55,402,000 after acquiring an additional 1,401,109 shares in the last quarter. Vanguard Group Inc. grew its stake in Amkor Technology by 10.4% in the third quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock valued at $311,816,000 after acquiring an additional 1,300,745 shares during the period. Ameriprise Financial Inc. raised its position in shares of Amkor Technology by 309.1% during the third quarter. Ameriprise Financial Inc. now owns 1,478,046 shares of the semiconductor company’s stock worth $33,404,000 after purchasing an additional 1,116,729 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Amkor Technology by 244.0% during the second quarter. Goldman Sachs Group Inc. now owns 1,312,502 shares of the semiconductor company’s stock worth $39,047,000 after purchasing an additional 930,992 shares during the period. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Price Performance

NASDAQ:AMKR opened at $32.24 on Friday. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 22.08 and a beta of 1.96. Amkor Technology, Inc. has a 12-month low of $17.58 and a 12-month high of $37.00. The company has a quick ratio of 2.02, a current ratio of 2.31 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average price is $31.90 and its two-hundred day moving average price is $28.42.

Amkor Technology (NASDAQ:AMKRGet Free Report) last issued its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.68 billion. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same period last year, the business posted $0.67 EPS. On average, analysts anticipate that Amkor Technology, Inc. will post 1.63 earnings per share for the current year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th will be issued a $0.079 dividend. The ex-dividend date of this dividend is Monday, March 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.98%. Amkor Technology’s payout ratio is currently 21.23%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMKR shares. Fox Advisors began coverage on Amkor Technology in a report on Thursday, March 14th. They set an “equal weight” rating for the company. StockNews.com raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. The Goldman Sachs Group assumed coverage on shares of Amkor Technology in a research report on Thursday, February 29th. They issued a “neutral” rating and a $32.00 price objective on the stock. Finally, B. Riley lifted their price target on shares of Amkor Technology from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.20.

Read Our Latest Report on Amkor Technology

Insider Buying and Selling

In related news, CFO Megan Faust sold 2,700 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $30.34, for a total value of $81,918.00. Following the transaction, the chief financial officer now owns 38,811 shares of the company’s stock, valued at $1,177,525.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of Amkor Technology stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $30.34, for a total transaction of $81,918.00. Following the transaction, the chief financial officer now directly owns 38,811 shares of the company’s stock, valued at $1,177,525.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $31.23, for a total transaction of $780,750.00. Following the transaction, the chief executive officer now directly owns 124,476 shares in the company, valued at approximately $3,887,385.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,200 shares of company stock worth $1,801,870. Corporate insiders own 53.30% of the company’s stock.

About Amkor Technology

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding AMKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amkor Technology, Inc. (NASDAQ:AMKRFree Report).

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

Receive News & Ratings for Amkor Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amkor Technology and related companies with MarketBeat.com's FREE daily email newsletter.