Pacer Advisors Inc. trimmed its holdings in Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 58.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,738 shares of the semiconductor company’s stock after selling 29,393 shares during the period. Pacer Advisors Inc.’s holdings in Amkor Technology were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently modified their holdings of AMKR. Hantz Financial Services Inc. grew its position in shares of Amkor Technology by 1,050.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,369 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 1,250 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Amkor Technology by 416.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,602 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 1,292 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 854 shares in the last quarter. Quaker Wealth Management LLC boosted its holdings in shares of Amkor Technology by 301.1% in the second quarter. Quaker Wealth Management LLC now owns 2,514 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 3,764 shares during the period. Finally, Allworth Financial LP increased its position in shares of Amkor Technology by 21.5% during the second quarter. Allworth Financial LP now owns 2,640 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 467 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.
Amkor Technology Price Performance
NASDAQ:AMKR opened at $42.92 on Friday. The company has a market cap of $10.61 billion, a P/E ratio of 34.34 and a beta of 1.99. The firm’s fifty day moving average price is $37.65 and its two-hundred day moving average price is $29.43. Amkor Technology, Inc. has a one year low of $14.03 and a one year high of $47.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.77 and a quick ratio of 1.60.
Amkor Technology Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd were given a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, December 3rd. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio (DPR) is 26.40%.
Insider Activity at Amkor Technology
In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $31.68, for a total value of $316,800.00. Following the completion of the sale, the chief executive officer owned 346,699 shares of the company’s stock, valued at approximately $10,983,424.32. The trade was a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gil C. Tily sold 20,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $46.44, for a total transaction of $928,800.00. Following the completion of the transaction, the director owned 123,806 shares in the company, valued at $5,749,550.64. This trade represents a 13.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 91,000 shares of company stock valued at $3,615,510. 26.90% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research firms recently commented on AMKR. Zacks Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. The Goldman Sachs Group raised their price target on shares of Amkor Technology from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a research note on Wednesday, October 8th. DA Davidson upped their price objective on Amkor Technology from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen raised Amkor Technology from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.63.
Check Out Our Latest Report on AMKR
Amkor Technology Profile
Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.
In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.
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