Amkor Technology, Inc. (NASDAQ:AMKR) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 249,934 shares of the semiconductor company’s stock after purchasing an additional 362 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of Amkor Technology worth $8,315,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. increased its stake in Amkor Technology by 6.3% in the second quarter. BlackRock Inc. now owns 14,142,932 shares of the semiconductor company’s stock valued at $420,752,000 after purchasing an additional 835,069 shares during the period. Vanguard Group Inc. increased 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 purchasing an additional 1,300,745 shares during the period. Alliancebernstein L.P. increased its stake in Amkor Technology by 1,757.9% in the second quarter. Alliancebernstein L.P. now owns 4,182,333 shares of the semiconductor company’s stock valued at $124,424,000 after purchasing an additional 3,957,221 shares during the period. State Street Corp increased its stake in Amkor Technology by 2.8% in the first quarter. State Street Corp now owns 3,515,892 shares of the semiconductor company’s stock valued at $91,484,000 after purchasing an additional 95,883 shares during the period. Finally, SW Investment Management LLC increased its stake 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 valued at $65,165,000 after purchasing an additional 250,000 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total transaction of $765,750.00. Following the sale, the chief executive officer now owns 123,728 shares of the company’s stock, valued at $3,789,788.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total value of $765,750.00. Following the sale, the chief executive officer now owns 123,728 shares of the company’s stock, valued at $3,789,788.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Megan Faust sold 2,700 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $32.00, for a total transaction of $86,400.00. Following the completion of the sale, the chief financial officer now directly owns 35,394 shares in the company, valued at approximately $1,132,608. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,200 shares of company stock valued at $1,801,870. Corporate insiders own 53.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Fox Advisors initiated coverage on shares of Amkor Technology in a research note on Thursday, March 14th. They issued an “equal weight” rating on the stock. Needham & Company LLC initiated coverage on shares of Amkor Technology in a report on Tuesday, April 9th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Amkor Technology in a report on Thursday, February 29th. They issued a “neutral” rating and a $32.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Amkor Technology presently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

Amkor Technology Stock Down 3.5 %

AMKR stock opened at $32.37 on Friday. The company has a market cap of $7.96 billion, a P/E ratio of 22.17 and a beta of 1.96. Amkor Technology, Inc. has a 52 week low of $17.58 and a 52 week high of $37.00. The company’s 50-day moving average price is $31.72 and its 200 day moving average price is $29.12. The company has a current ratio of 2.31, a quick ratio of 2.02 and a debt-to-equity ratio of 0.27.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The firm’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. On average, research analysts expect that Amkor Technology, Inc. will post 1.63 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were issued a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Monday, March 11th. Amkor Technology’s dividend payout ratio is currently 21.23%.

About Amkor Technology

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.