Royce & Associates LP Grows Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Royce & Associates LP grew its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 426,548 shares of the semiconductor company’s stock after acquiring an additional 33,798 shares during the quarter. Royce & Associates LP’s holdings in Amkor Technology were worth $10,958,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Neo Ivy Capital Management acquired a new position in Amkor Technology during the third quarter valued at approximately $930,000. Geode Capital Management LLC boosted its position in Amkor Technology by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock worth $64,101,000 after purchasing an additional 131,106 shares during the period. Harvest Fund Management Co. Ltd increased its holdings in Amkor Technology by 162.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 194,000 shares of the semiconductor company’s stock valued at $5,936,000 after purchasing an additional 120,208 shares in the last quarter. Covea Finance raised its position in Amkor Technology by 47.1% in the fourth quarter. Covea Finance now owns 62,500 shares of the semiconductor company’s stock valued at $1,606,000 after purchasing an additional 20,000 shares during the period. Finally, Holocene Advisors LP purchased a new position in Amkor Technology in the third quarter valued at about $1,126,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Trading Down 0.1 %

NASDAQ AMKR opened at $19.59 on Tuesday. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 13.70 and a beta of 1.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. Amkor Technology, Inc. has a 12 month low of $18.87 and a 12 month high of $44.86. The company’s fifty day moving average price is $23.17 and its two-hundred day moving average price is $26.39.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. As a group, research analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be given a $0.0827 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.69%. Amkor Technology’s payout ratio is currently 23.08%.

Analyst Upgrades and Downgrades

AMKR has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price on shares of Amkor Technology in a research note on Tuesday, February 11th. Melius downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating and lowered their price objective for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. B. Riley decreased their target price on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Amkor Technology has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Insider Activity

In other Amkor Technology news, EVP Kevin Engel sold 5,489 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the transaction, the executive vice president now owns 1,388 shares of the company’s stock, valued at $30,105.72. This trade represents a 79.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $21.85, for a total value of $18,999,995.25. Following the transaction, the insider now directly owns 10,020,870 shares of the company’s stock, valued at $218,956,009.50. This trade represents a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 31.40% of the company’s stock.

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.