109,025 Shares in Amkor Technology, Inc. (NASDAQ:AMKR) Purchased by Cerity Partners LLC

Cerity Partners LLC bought a new position in Amkor Technology, Inc. (NASDAQ:AMKR) during the fourth quarter, Holdings Channel reports. The firm bought 109,025 shares of the semiconductor company’s stock, valued at approximately $3,627,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMKR. Raymond James & Associates raised its holdings in shares of Amkor Technology by 4.0% in the 1st quarter. Raymond James & Associates now owns 79,509 shares of the semiconductor company’s stock worth $1,727,000 after acquiring an additional 3,030 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Amkor Technology in the 1st quarter worth about $868,000. Bank of New York Mellon Corp raised its holdings in shares of Amkor Technology by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,334,042 shares of the semiconductor company’s stock worth $28,975,000 after acquiring an additional 10,751 shares during the last quarter. Private Advisor Group LLC bought a new stake in Amkor Technology in the 1st quarter worth about $330,000. Finally, MetLife Investment Management LLC grew its position in Amkor Technology by 40.3% in the 1st quarter. MetLife Investment Management LLC now owns 117,317 shares of the semiconductor company’s stock worth $2,548,000 after purchasing an additional 33,685 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Trading Down 3.6 %

Shares of AMKR stock opened at $30.10 on Thursday. The company has a 50 day moving average of $31.72 and a 200-day moving average of $29.29. The company has a quick ratio of 2.02, a current ratio of 2.31 and a debt-to-equity ratio of 0.27. Amkor Technology, Inc. has a 12-month low of $17.58 and a 12-month high of $37.00. The firm has a market cap of $7.40 billion, a P/E ratio of 20.62 and a beta of 1.96.

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

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were paid a dividend of $0.079 per share. The ex-dividend date was Monday, March 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.05%. Amkor Technology’s payout ratio is currently 21.23%.

Insider Transactions at Amkor Technology

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total value of $765,750.00. Following the completion of the transaction, the chief executive officer now directly owns 123,728 shares in the company, valued at approximately $3,789,788.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 value 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 approximately $1,177,525.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total transaction of $765,750.00. Following the completion of the transaction, the chief executive officer now owns 123,728 shares of the company’s stock, valued at $3,789,788.64. The disclosure for this sale can be found here. Insiders sold a total of 58,200 shares of company stock worth $1,801,870 in the last quarter. Insiders own 53.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Fox Advisors assumed coverage on shares of Amkor Technology in a research report on Thursday, March 14th. They issued an “equal weight” rating for the company. Needham & Company LLC assumed coverage on shares of Amkor Technology in a research report on Tuesday, April 9th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, 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 for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.