Amkor Technology, Inc. $AMKR Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 92.7% in the third quarter, HoldingsChannel reports. The fund owned 28,733 shares of the semiconductor company’s stock after selling 365,957 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Amkor Technology were worth $816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Salomon & Ludwin LLC bought a new stake in Amkor Technology during the third quarter worth approximately $25,000. Hantz Financial Services Inc. increased its position in shares of Amkor Technology by 1,050.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,369 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 1,250 shares during the period. Advisors Asset Management Inc. increased its position in shares of Amkor Technology by 61.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 854 shares during the period. Quaker Wealth Management LLC raised its stake in shares of Amkor Technology by 301.1% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,514 shares of the semiconductor company’s stock worth $53,000 after buying an additional 3,764 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Amkor Technology by 21.5% in the second quarter. Allworth Financial LP now owns 2,640 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 467 shares during the period. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Stock Performance

Amkor Technology stock opened at $43.87 on Thursday. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $55.17. The firm’s 50 day simple moving average is $45.25 and its 200-day simple moving average is $34.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.77 and a quick ratio of 1.60. The company has a market cap of $10.84 billion, a P/E ratio of 35.10 and a beta of 2.00.

Amkor Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd were paid a dividend of $0.0835 per share. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.33 annualized dividend and a yield of 0.8%. Amkor Technology’s dividend payout ratio (DPR) is presently 26.40%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMKR. JPMorgan Chase & Co. lifted their target price on Amkor Technology from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. UBS Group cut shares of Amkor Technology from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $38.00 to $55.00 in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a research note on Wednesday, January 21st. William Blair upgraded shares of Amkor Technology to a “neutral” rating in a research report on Monday, January 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Amkor Technology in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.14.

Insider Buying and Selling

In related news, Director Gil C. Tily sold 20,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $46.44, for a total transaction of $928,800.00. Following the transaction, the director directly owned 123,806 shares of the company’s stock, valued at approximately $5,749,550.64. The trade was a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin Engel sold 11,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $46.21, for a total value of $508,310.00. Following the completion of the sale, the executive vice president directly owned 349 shares of the company’s stock, valued at approximately $16,127.29. This represents a 96.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 96,000 shares of company stock valued at $4,085,910. 26.90% of the stock is currently owned by company insiders.

Amkor Technology 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.