Allspring Global Investments Holdings LLC Sells 2,093 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Allspring Global Investments Holdings LLC lowered its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,813 shares of the semiconductor company’s stock after selling 2,093 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Amkor Technology were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kingsview Wealth Management LLC bought a new stake in Amkor Technology in the 4th quarter worth approximately $2,013,000. Vest Financial LLC grew its position in Amkor Technology by 97.9% in the 4th quarter. Vest Financial LLC now owns 98,000 shares of the semiconductor company’s stock worth $2,518,000 after purchasing an additional 48,475 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Amkor Technology by 11.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,463 shares of the semiconductor company’s stock worth $243,000 after purchasing an additional 958 shares during the period. GHP Investment Advisors Inc. grew its position in Amkor Technology by 0.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company’s stock worth $2,461,000 after purchasing an additional 785 shares during the period. Finally, State of Alaska Department of Revenue grew its position in Amkor Technology by 14.9% in the 4th quarter. State of Alaska Department of Revenue now owns 230,112 shares of the semiconductor company’s stock worth $5,911,000 after purchasing an additional 29,780 shares during the period. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Down 1.3 %

AMKR opened at $21.95 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. Amkor Technology, Inc. has a fifty-two week low of $21.46 and a fifty-two week high of $44.86. The firm’s fifty day moving average is $24.89 and its 200 day moving average is $27.68. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 15.35 and a beta of 1.81.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. On average, sell-side analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, March 13th. Amkor Technology’s dividend payout ratio (DPR) is 23.08%.

Analysts Set New Price Targets

AMKR has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their target price on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. DA Davidson cut their target price on shares of Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. KeyCorp cut their target price on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Melius Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Amkor Technology presently has a consensus rating of “Hold” and an average price target of $31.50.

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.