Stock Yards Bank & Trust Co. Sells 5,066 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Stock Yards Bank & Trust Co. reduced its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 21.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,174 shares of the semiconductor company’s stock after selling 5,066 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Amkor Technology were worth $605,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMKR. Vanguard Group Inc. grew its stake in Amkor Technology by 10.4% in the third quarter. Vanguard Group Inc. now owns 13,797,154 shares of the semiconductor company’s stock valued at $311,816,000 after acquiring an additional 1,300,745 shares during the period. SW Investment Management LLC grew its stake in Amkor Technology by 9.3% in the third quarter. SW Investment Management LLC now owns 2,350,000 shares of the semiconductor company’s stock valued at $53,110,000 after acquiring an additional 200,000 shares during the period. AQR Capital Management LLC grew its stake in Amkor Technology by 39.3% in the third quarter. AQR Capital Management LLC now owns 1,939,583 shares of the semiconductor company’s stock valued at $43,835,000 after acquiring an additional 547,604 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Amkor Technology by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,710,584 shares of the semiconductor company’s stock valued at $38,659,000 after buying an additional 311,966 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Amkor Technology by 12.3% during the third quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company’s stock valued at $29,790,000 after buying an additional 144,280 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Amkor Technology Stock Performance

Shares of Amkor Technology stock opened at $29.46 on Wednesday. The business’s fifty day simple moving average is $31.58 and its 200 day simple moving average is $29.53. The firm has a market capitalization of $7.24 billion, a P/E ratio of 20.18 and a beta of 1.96. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $37.00. 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 (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.68 billion. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. Amkor Technology’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share. As a group, analysts anticipate that Amkor Technology, Inc. will post 1.63 EPS for the current year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were issued a dividend of $0.079 per share. The ex-dividend date was Monday, March 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.07%. Amkor Technology’s dividend payout ratio (DPR) is currently 21.23%.

Insider Buying and Selling

In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total transaction of $765,750.00. Following the sale, the chief executive officer now directly owns 123,728 shares in the company, valued at $3,789,788.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amkor Technology news, CFO Megan Faust sold 2,800 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $31.09, for a total value of $87,052.00. Following the sale, the chief financial officer now directly owns 53,023 shares in the company, valued at $1,648,485.07. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total value of $765,750.00. Following the completion of the sale, the chief executive officer now owns 123,728 shares in the company, valued at $3,789,788.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,500 shares of company stock worth $2,494,720. 53.30% of the stock is owned by company insiders.

About Amkor Technology

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.