Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 51.9% during the fourth quarter, Holdings Channel reports. The firm owned 961 shares of the semiconductor company’s stock after selling 1,038 shares during the period. Nisa Investment Advisors LLC’s holdings in Amkor Technology were worth $32,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its holdings in Amkor Technology by 81.1% in the third quarter. CWM LLC now owns 3,661 shares of the semiconductor company’s stock valued at $83,000 after acquiring an additional 1,640 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Amkor Technology in the 3rd quarter worth about $703,000. GHP Investment Advisors Inc. lifted its stake in shares of Amkor Technology by 12.4% in the 3rd quarter. GHP Investment Advisors Inc. now owns 80,852 shares of the semiconductor company’s stock valued at $1,842,000 after purchasing an additional 8,935 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Amkor Technology by 77.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 11,176 shares of the semiconductor company’s stock worth $253,000 after purchasing an additional 4,891 shares during the period. Finally, Riverwater Partners LLC acquired a new stake in Amkor Technology during the 3rd quarter worth approximately $452,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $30.63, for a total value of $765,750.00. Following the sale, the chief executive officer now owns 123,728 shares in the company, valued at approximately $3,789,788.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total value of $765,750.00. Following the completion of the transaction, the chief executive officer now owns 123,728 shares in the company, valued at approximately $3,789,788.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Megan Faust sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 80,500 shares of company stock valued at $2,494,720 in the last ninety days. Corporate insiders own 31.40% of the company’s stock.

Amkor Technology Price Performance

Shares of AMKR stock opened at $28.96 on Tuesday. Amkor Technology, Inc. has a twelve month low of $17.58 and a twelve month high of $37.00. The company has a market capitalization of $7.12 billion, a PE ratio of 19.84 and a beta of 1.96. The company has a current ratio of 2.31, a quick ratio of 2.02 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $31.59 and a 200-day simple moving average of $29.48.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.07. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. Amkor Technology’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.63 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were paid 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 1.09%. Amkor Technology’s dividend payout ratio (DPR) is 21.23%.

Analysts Set New Price Targets

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

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.