Mackenzie Financial Corp Lowers Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Mackenzie Financial Corp trimmed its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 34.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 25,433 shares of the semiconductor company’s stock after selling 13,125 shares during the period. Mackenzie Financial Corp’s holdings in Amkor Technology were worth $846,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp lifted 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 worth $29,000 after buying an additional 347 shares in the last quarter. Arizona State Retirement System increased its stake in Amkor Technology by 1.4% during the third quarter. Arizona State Retirement System now owns 31,473 shares of the semiconductor company’s stock worth $711,000 after acquiring an additional 428 shares during the last quarter. Blue Trust Inc. increased its stake in Amkor Technology by 57.0% during the fourth quarter. Blue Trust Inc. now owns 1,487 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 540 shares during the last quarter. Navellier & Associates Inc. increased its stake in Amkor Technology by 6.0% during the third quarter. Navellier & Associates Inc. now owns 13,034 shares of the semiconductor company’s stock worth $295,000 after acquiring an additional 738 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Amkor Technology by 1,324.6% during the fourth quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 755 shares during the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Amkor Technology Trading Up 0.8 %

AMKR opened at $30.09 on Friday. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 20.61 and a beta of 1.96. The stock’s 50 day moving average price is $31.57 and its 200-day moving average price is $29.53. Amkor Technology, Inc. has a one year low of $17.58 and a one year high of $37.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.02 and a current ratio of 2.31.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data 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 return on equity of 9.37% and a net margin of 5.53%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Amkor Technology’s revenue was down 8.1% compared to the same quarter last year. On average, equities analysts forecast that Amkor Technology, Inc. will post 1.63 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were paid 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 1.05%. Amkor Technology’s dividend payout ratio (DPR) is currently 21.23%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Needham & Company LLC assumed 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. Fox Advisors assumed coverage on Amkor Technology in a research note on Thursday, March 14th. They set an “equal weight” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on Amkor Technology in a research note on Thursday, February 29th. They set a “neutral” rating and a $32.00 price objective on the stock. Three equities research 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, Amkor Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total value of $765,750.00. Following the transaction, 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 SEC, which can be accessed through 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 on Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total transaction of $765,750.00. Following the completion of the sale, the chief executive officer now owns 123,728 shares in the company, valued at $3,789,788.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Megan Faust sold 2,700 shares of the company’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 sale, the chief financial officer now owns 38,811 shares of the company’s stock, valued at approximately $1,177,525.74. The disclosure for this sale can be found here. Insiders have sold a total of 80,500 shares of company stock valued at $2,494,720 over the last quarter. 31.40% of the stock is owned by corporate insiders.

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.