Mutual of America Capital Management LLC Lowers Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Mutual of America Capital Management LLC cut its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,768 shares of the semiconductor company’s stock after selling 3,308 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Amkor Technology were worth $2,122,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AMKR. Alliancebernstein L.P. lifted 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 worth $124,424,000 after acquiring an additional 3,957,221 shares during the period. First Trust Advisors LP lifted its stake in Amkor Technology by 192.4% in 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 during the period. Vanguard Group Inc. lifted 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 worth $311,816,000 after acquiring an additional 1,300,745 shares during the period. Ameriprise Financial Inc. lifted its stake in Amkor Technology by 309.1% in the third quarter. Ameriprise Financial Inc. now owns 1,478,046 shares of the semiconductor company’s stock worth $33,404,000 after acquiring an additional 1,116,729 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Amkor Technology by 244.0% in the second quarter. Goldman Sachs Group Inc. now owns 1,312,502 shares of the semiconductor company’s stock worth $39,047,000 after acquiring an additional 930,992 shares during the period. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Stock Performance

AMKR opened at $28.50 on Friday. Amkor Technology, Inc. has a 52-week low of $17.58 and a 52-week 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 company has a market cap of $7.01 billion, a P/E ratio of 19.52 and a beta of 1.96. The firm’s 50-day moving average price is $31.64 and its 200-day moving average price is $29.38.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.48 earnings per share 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 for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company earned $0.67 EPS. Amkor Technology’s quarterly revenue was down 8.1% on a year-over-year basis. As a group, equities analysts anticipate that Amkor Technology, Inc. will post 1.63 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were issued a $0.079 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.32 annualized dividend and a yield of 1.11%. Amkor Technology’s dividend payout ratio (DPR) is presently 21.23%.

Insider Buying and Selling

In other Amkor Technology news, CFO Megan Faust sold 2,700 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 38,811 shares in the company, valued at approximately $1,177,525.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $31.23, for a total value of $780,750.00. Following the sale, the chief executive officer now owns 124,476 shares in the company, valued at approximately $3,887,385.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Megan Faust sold 2,700 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 38,811 shares in the company, valued at approximately $1,177,525.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,500 shares of company stock worth $2,494,720. 53.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AMKR shares. Needham & Company LLC assumed coverage on shares of Amkor Technology in a research note on Tuesday, April 9th. They issued a “buy” rating and a $40.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Amkor Technology in a report on Thursday, February 29th. They issued a “neutral” rating and a $32.00 target price for the company. Finally, Fox Advisors assumed coverage on shares of Amkor Technology in a report on Thursday, March 14th. They issued an “equal weight” rating for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Amkor Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

Amkor Technology Company 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.