Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 90.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,287 shares of the semiconductor company’s stock after selling 77,402 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Amkor Technology were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Meeder Asset Management Inc. lifted its holdings in shares of Amkor Technology by 8,315.0% during the 4th quarter. Meeder Asset Management Inc. now owns 9,004 shares of the semiconductor company’s stock valued at $300,000 after acquiring an additional 8,897 shares in the last quarter. Allworth Financial LP increased its stake in Amkor Technology by 1,324.6% during the 4th quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock worth $27,000 after buying an additional 755 shares during the period. Fifth Third Bancorp increased its stake in Amkor Technology by 65.8% during the 4th quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock worth $29,000 after buying an additional 347 shares during the period. Blue Trust Inc. increased its stake in Amkor Technology by 57.0% during the 4th quarter. Blue Trust Inc. now owns 1,487 shares of the semiconductor company’s stock worth $49,000 after buying an additional 540 shares during the period. Finally, Ritholtz Wealth Management increased its stake in Amkor Technology by 15.5% during the 4th quarter. Ritholtz Wealth Management now owns 30,353 shares of the semiconductor company’s stock worth $1,010,000 after buying an additional 4,074 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Price Performance

AMKR opened at $30.62 on Friday. The company has a 50-day moving average of $31.57 and a 200-day moving average of $29.63. The company has a market capitalization of $7.53 billion, a P/E ratio of 20.97 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 quick ratio of 2.02 and a current ratio of 2.31.

Amkor Technology (NASDAQ:AMKR) last released its 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 during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. The company’s revenue was down 8.1% on a year-over-year basis. Equities analysts expect that Amkor Technology, Inc. will post 1.63 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were given a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Monday, March 11th. Amkor Technology’s dividend payout ratio is presently 21.23%.

Analysts Set New Price Targets

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

Insider Activity at Amkor Technology

In related news, CFO Megan Faust sold 2,700 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $30.34, for a total transaction of $81,918.00. Following the completion of the sale, the chief financial officer now owns 38,811 shares of the company’s stock, valued at approximately $1,177,525.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $31.23, for a total transaction of $780,750.00. Following the completion of the sale, the chief executive officer now owns 124,476 shares of the company’s stock, valued at approximately $3,887,385.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Megan Faust sold 2,700 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $30.34, for a total transaction 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. Insiders sold a total of 80,500 shares of company stock valued at $2,494,720 in the last quarter. Insiders own 31.40% of the company’s stock.

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.