Amkor Technology, Inc. $AMKR Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 2.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,268,840 shares of the semiconductor company’s stock after selling 61,840 shares during the period. Principal Financial Group Inc.’s holdings in Amkor Technology were worth $64,435,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AMKR. Sequoia Financial Advisors LLC acquired a new stake in shares of Amkor Technology during the second quarter valued at about $311,000. CWM LLC boosted its holdings in Amkor Technology by 85.3% in the second quarter. CWM LLC now owns 51,940 shares of the semiconductor company’s stock valued at $1,090,000 after purchasing an additional 23,914 shares during the last quarter. Norges Bank acquired a new stake in Amkor Technology during the 2nd quarter valued at approximately $17,221,000. WINTON GROUP Ltd increased its holdings in Amkor Technology by 70.4% during the 2nd quarter. WINTON GROUP Ltd now owns 97,108 shares of the semiconductor company’s stock worth $2,038,000 after purchasing an additional 40,129 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Amkor Technology by 53.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 59,386 shares of the semiconductor company’s stock worth $1,767,000 after purchasing an additional 20,710 shares during the last quarter. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, EVP Mark N. Rogers sold 20,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $31.69, for a total value of $633,800.00. Following the completion of the transaction, the executive vice president owned 23,862 shares in the company, valued at approximately $756,186.78. This represents a 45.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gil C. Tily sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $46.44, for a total transaction of $928,800.00. Following the completion of the sale, the director owned 123,806 shares in the company, valued at $5,749,550.64. The trade was a 13.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 96,000 shares of company stock valued at $4,085,910. Corporate insiders own 26.90% of the company’s stock.

Amkor Technology Stock Down 4.1%

Shares of Amkor Technology stock opened at $46.24 on Wednesday. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 36.99 and a beta of 2.00. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $55.17. The company has a current ratio of 1.77, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $45.07 and its 200-day simple moving average is $33.94.

Amkor Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd were paid a $0.0835 dividend. The ex-dividend date was Wednesday, December 3rd. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. Amkor Technology’s dividend payout ratio (DPR) is 26.40%.

Wall Street Analyst Weigh In

AMKR has been the subject of several research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating on shares of Amkor Technology in a research note on Friday, January 9th. DA Davidson upped their price target on shares of Amkor Technology from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Wall Street Zen lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of Amkor Technology from $27.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Amkor Technology currently has a consensus rating of “Hold” and a consensus price target of $39.14.

About Amkor Technology

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.