Allworth Financial LP Has $27,000 Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Allworth Financial LP lifted its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 1,324.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 812 shares of the semiconductor company’s stock after acquiring an additional 755 shares during the period. Allworth Financial LP’s holdings in Amkor Technology were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AMKR. Fifth Third Bancorp raised its position in Amkor Technology by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 347 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Amkor Technology by 57.0% in the 4th quarter. Blue Trust Inc. now owns 1,487 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 540 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Amkor Technology during the 1st quarter worth $38,000. Chilton Capital Management LLC acquired a new position in shares of Amkor Technology during the 1st quarter worth $52,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Amkor Technology by 57.3% during the 1st quarter. Advisors Asset Management Inc. now owns 2,936 shares of the semiconductor company’s stock worth $64,000 after buying an additional 1,069 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Insider Buying and Selling at Amkor Technology

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

Amkor Technology Stock Performance

Amkor Technology stock opened at $32.37 on Monday. The business has a 50 day moving average of $31.72 and a 200-day moving average of $29.17. The company has a market capitalization of $7.96 billion, a P/E ratio of 22.17 and a beta of 1.96. Amkor Technology, Inc. has a 1 year low of $17.58 and a 1 year high of $37.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.31 and a quick ratio of 2.02.

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

Amkor Technology Announces Dividend

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

Analyst Upgrades and Downgrades

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

Amkor Technology Profile

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.