Knights of Columbus Asset Advisors LLC Sells 24,674 Shares of Amkor Technology, Inc. $AMKR

Knights of Columbus Asset Advisors LLC decreased its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 36.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,878 shares of the semiconductor company’s stock after selling 24,674 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Amkor Technology were worth $1,693,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Royal Bank of Canada lifted its position in Amkor Technology by 100.6% during the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after acquiring an additional 3,454,012 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Amkor Technology by 204.5% in the fourth quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after purchasing an additional 1,407,109 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Amkor Technology by 305.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock valued at $44,719,000 after purchasing an additional 1,186,313 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Amkor Technology by 38.3% during the second quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock worth $74,541,000 after purchasing an additional 985,727 shares during the period. Finally, UBS Group AG increased its stake in shares of Amkor Technology by 205.5% during the fourth quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company’s stock worth $49,534,000 after purchasing an additional 843,983 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Insider Buying and Selling

In related news, Director Guillaume Marie Jean Rutten sold 50,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $74.28, for a total transaction of $3,714,000.00. Following the sale, the director owned 502,558 shares of the company’s stock, valued at $37,330,008.24. This trade represents a 9.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Roger Anthony Carolin sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $76.24, for a total value of $1,524,800.00. Following the sale, the director owned 94,409 shares in the company, valued at $7,197,742.16. This represents a 17.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 113,000 shares of company stock worth $8,258,950 in the last ninety days. Insiders own 26.40% of the company’s stock.

Amkor Technology Trading Down 2.2%

Shares of NASDAQ:AMKR opened at $70.58 on Friday. The business’s 50 day simple moving average is $62.18 and its 200 day simple moving average is $50.44. Amkor Technology, Inc. has a 1 year low of $17.79 and a 1 year high of $79.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. The company has a market capitalization of $17.49 billion, a P/E ratio of 40.33 and a beta of 2.29.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.23 by $0.10. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. On average, research analysts anticipate that Amkor Technology, Inc. will post 2.08 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd will be paid a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio is presently 18.86%.

Analysts Set New Price Targets

Several research firms recently issued reports on AMKR. UBS Group restated a “neutral” rating and issued a $80.00 price target on shares of Amkor Technology in a research note on Tuesday. Needham & Company LLC increased their price objective on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, April 6th. Morgan Stanley upped their price target on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Finally, B. Riley Financial raised their price target on shares of Amkor Technology from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Amkor Technology presently has a consensus rating of “Hold” and an average target price of $67.38.

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.