Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,308 shares of the semiconductor company’s stock after selling 673 shares during the period. Federated Hermes Inc.’s holdings in Amkor Technology were worth $443,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMKR. Allworth Financial LP grew its holdings in Amkor Technology by 1,324.6% in the 4th quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 755 shares during the period. Fifth Third Bancorp grew its holdings in Amkor Technology by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 347 shares during the period. Blue Trust Inc. increased its position in Amkor Technology by 57.0% during the fourth quarter. Blue Trust Inc. now owns 1,487 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 540 shares during the last quarter. Acadian Asset Management LLC raised its stake in Amkor Technology by 26.2% during the third quarter. Acadian Asset Management LLC now owns 4,217 shares of the semiconductor company’s stock worth $95,000 after purchasing an additional 875 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Amkor Technology by 31.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,674 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 1,364 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amkor Technology

In related news, CFO Megan Faust sold 2,700 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $30.34, for a total value of $81,918.00. Following the transaction, the chief financial officer now owns 38,811 shares in the company, valued at $1,177,525.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Megan Faust sold 2,700 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $30.34, for a total value of $81,918.00. Following the transaction, the chief financial officer now owns 38,811 shares in the company, valued at $1,177,525.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $31.30, for a total value of $156,500.00. Following the completion of the transaction, the executive vice president now owns 25,280 shares in the company, valued at approximately $791,264. The disclosure for this sale can be found here. Insiders sold 85,500 shares of company stock valued at $2,651,220 over the last quarter. Company insiders own 31.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AMKR shares. Morgan Stanley lifted their target price on Amkor Technology from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Tuesday. B. Riley reissued a “buy” rating and set a $45.00 price target (up previously from $43.00) on shares of Amkor Technology in a research report on Tuesday. The Goldman Sachs Group boosted their price target on Amkor Technology from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday. DA Davidson boosted their price target on Amkor Technology from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Amkor Technology in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.67.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $32.34 on Friday. Amkor Technology, Inc. has a 1-year low of $17.58 and a 1-year high of $37.00. The business has a 50-day moving average of $31.67 and a 200-day moving average of $29.82. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.34 and a quick ratio of 2.02. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 21.28 and a beta of 1.94.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, April 29th. The semiconductor company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.13. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. The company’s revenue was down 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Amkor Technology, Inc. will post 1.78 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th were given a $0.079 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Monday, March 11th. Amkor Technology’s payout ratio is 20.39%.

Amkor Technology 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.