Amkor Technology, Inc. $AMKR Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 37.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,907 shares of the semiconductor company’s stock after selling 7,625 shares during the period. Sterling Capital Management LLC’s holdings in Amkor Technology were worth $581,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of Amkor Technology by 100.6% during the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 3,454,012 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Amkor Technology by 61.8% in the first 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Amkor Technology by 913.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock worth $136,000 after buying an additional 6,768 shares during the period. Goldman Sachs Group Inc. lifted its position in Amkor Technology by 73.4% during the first quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock worth $9,476,000 after buying an additional 222,107 shares during the period. Finally, Caxton Associates LLP acquired a new stake in Amkor Technology in the 1st quarter worth about $271,000. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Stock Performance

Amkor Technology stock opened at $69.65 on Friday. The stock’s 50-day moving average is $75.56 and its 200-day moving average is $57.84. The company has a market cap of $17.26 billion, a price-to-earnings ratio of 39.80 and a beta of 2.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. Amkor Technology, Inc. has a 12 month low of $20.59 and a 12 month high of $96.68.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The company’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. Equities analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, June 3rd. Amkor Technology’s payout ratio is currently 18.86%.

Insider Buying and Selling

In other news, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $86.21, for a total value of $431,050.00. Following the completion of the sale, the executive vice president owned 38,904 shares of the company’s stock, valued at $3,353,913.84. This represents a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Megan Faust sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $70.30, for a total transaction of $70,300.00. Following the completion of the transaction, the chief financial officer directly owned 132,138 shares in the company, valued at approximately $9,289,301.40. This represents a 0.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 119,000 shares of company stock valued at $8,928,600. 26.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMKR has been the subject of several recent analyst reports. Wall Street Zen cut Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Needham & Company LLC raised their target price on shares of Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, April 6th. The Goldman Sachs Group upped their price target on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Finally, Morgan Stanley increased their price target on shares of Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $69.88.

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.