Principal Financial Group Inc. Decreases Stock Position in Amkor Technology, Inc. $AMKR

Principal Financial Group Inc. trimmed its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,268,840 shares of the semiconductor company’s stock after selling 61,840 shares during the period. Principal Financial Group Inc. owned 0.92% of Amkor Technology worth $64,435,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMKR. Allworth Financial LP grew its position in shares of Amkor Technology by 21.5% in the second quarter. Allworth Financial LP now owns 2,640 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 467 shares during the last quarter. Arizona State Retirement System lifted its stake in Amkor Technology by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 36,553 shares of the semiconductor company’s stock valued at $1,038,000 after buying an additional 503 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Amkor Technology by 24.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,784 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 548 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Amkor Technology by 7.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,082 shares of the semiconductor company’s stock worth $170,000 after buying an additional 573 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Amkor Technology by 9.2% in the third quarter. GAMMA Investing LLC now owns 8,074 shares of the semiconductor company’s stock worth $229,000 after acquiring an additional 678 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group lowered Amkor Technology from a “buy” rating to a “neutral” rating and increased their price objective for the company from $38.00 to $55.00 in a research note on Monday, January 12th. B. Riley raised their price target on shares of Amkor Technology from $29.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Wall Street Zen downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. William Blair raised shares of Amkor Technology to a “neutral” rating in a research note on Monday, January 12th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Amkor Technology in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Amkor Technology currently has an average rating of “Hold” and a consensus price target of $39.14.

Insider Buying and Selling at Amkor Technology

In related news, Director Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $53.14, for a total value of $531,400.00. Following the transaction, the director directly owned 335,391 shares of the company’s stock, valued at approximately $17,822,677.74. This trade represents a 2.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gil C. Tily sold 20,000 shares of Amkor Technology stock in a transaction on Friday, December 12th. The shares were sold at an average price of $46.44, for a total value 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. The trade was a 13.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 96,000 shares of company stock worth $4,085,910. 26.90% of the stock is currently owned by company insiders.

Amkor Technology Trading Down 4.1%

Shares of AMKR stock opened at $46.24 on Wednesday. The firm’s 50-day simple moving average is $45.07 and its 200-day simple moving average is $33.94. 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, Inc. has a 1-year low of $14.03 and a 1-year high of $55.17. The firm has a market cap of $11.43 billion, a P/E ratio of 36.99 and a beta of 2.00.

Amkor Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.0835 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is presently 26.40%.

Amkor Technology Company 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.