Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 51.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 961 shares of the semiconductor company’s stock after selling 1,038 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Amkor Technology were worth $32,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMKR. Allworth Financial LP raised its stake in Amkor Technology by 1,324.6% in the 4th quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 755 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Amkor Technology by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 347 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Amkor Technology by 57.0% in the fourth quarter. Blue Trust Inc. now owns 1,487 shares of the semiconductor company’s stock worth $49,000 after buying an additional 540 shares in the last quarter. CWM LLC boosted its position in Amkor Technology by 81.1% during the third quarter. CWM LLC now owns 3,661 shares of the semiconductor company’s stock worth $83,000 after acquiring an additional 1,640 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Amkor Technology by 26.2% during the third quarter. Acadian Asset Management LLC now owns 4,217 shares of the semiconductor company’s stock worth $95,000 after acquiring an additional 875 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Insider Activity

In related news, 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 transaction of $81,918.00. Following the transaction, the chief financial officer now owns 38,811 shares of the company’s stock, valued at approximately $1,177,525.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction 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 directly owns 124,476 shares in the company, valued at $3,887,385.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Megan Faust sold 2,700 shares of the business’s 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 directly owns 38,811 shares of the company’s stock, valued at $1,177,525.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,500 shares of company stock valued at $2,494,720. 31.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on AMKR. Fox Advisors assumed 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 started coverage on Amkor Technology in a research note on Tuesday, April 9th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, The Goldman Sachs Group started coverage on Amkor Technology in a report on Thursday, February 29th. They set a “neutral” rating and a $32.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

Amkor Technology Stock Up 1.6 %

Shares of AMKR opened at $28.96 on Tuesday. The company’s 50-day moving average price is $31.59 and its 200 day moving average price is $29.48. Amkor Technology, Inc. has a 12-month low of $17.58 and a 12-month high of $37.00. The company has a current ratio of 2.31, a quick ratio of 2.02 and a debt-to-equity ratio of 0.27. The firm has a market cap of $7.12 billion, a P/E ratio of 19.84 and a beta of 1.96.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The business 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 business’s revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. On average, sell-side analysts forecast that Amkor Technology, Inc. will post 1.63 earnings per share for the current year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were given 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 1.09%. 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.