Bailard Inc. Lowers Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Bailard Inc. decreased its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 50.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,040 shares of the semiconductor company’s stock after selling 6,201 shares during the quarter. Bailard Inc.’s holdings in Amkor Technology were worth $201,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in shares of Amkor Technology during the fourth quarter worth about $96,000. Parkside Financial Bank & Trust increased its holdings in shares of Amkor Technology by 1,414.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 806 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in shares of Amkor Technology by 21.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 98,897 shares of the semiconductor company’s stock worth $3,290,000 after purchasing an additional 17,244 shares during the period. Handelsbanken Fonder AB increased its stake in Amkor Technology by 9.2% in the 4th quarter. Handelsbanken Fonder AB now owns 18,976 shares of the semiconductor company’s stock valued at $631,000 after buying an additional 1,600 shares during the period. Finally, Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Amkor Technology in the 4th quarter worth $4,286,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

AMKR has been the subject of several analyst reports. Needham & Company LLC assumed coverage on shares of Amkor Technology in a report on Tuesday, April 9th. They set a “buy” rating and a $40.00 price target for the company. Fox Advisors began coverage on Amkor Technology in a research note on Thursday, March 14th. They issued an “equal weight” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

Insider Buying and Selling

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction dated 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 directly owns 123,728 shares in the company, valued at approximately $3,789,788.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Megan Faust sold 2,700 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $30.34, for a total transaction of $81,918.00. Following the sale, the chief financial officer now owns 38,811 shares of the company’s stock, valued at $1,177,525.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction dated 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 directly owns 123,728 shares of the company’s stock, valued at approximately $3,789,788.64. The disclosure for this sale can be found here. Insiders have sold 80,500 shares of company stock worth $2,494,720 in the last three months. Corporate insiders own 31.40% of the company’s stock.

Amkor Technology Price Performance

AMKR stock opened at $31.47 on Tuesday. The firm has a 50 day moving average of $31.60 and a 200-day moving average of $29.73. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 21.55 and a beta of 1.96. The company has a current ratio of 2.31, a quick ratio of 2.02 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.

Amkor Technology (NASDAQ:AMKR) last issued 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. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. Amkor Technology’s revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. As a group, equities analysts expect that Amkor Technology, Inc. will post 1.63 EPS for the current fiscal year.

Amkor Technology Announces Dividend

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 $0.079 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.00%. Amkor Technology’s dividend payout ratio is presently 21.23%.

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.