WINTON GROUP Ltd Lowers Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

WINTON GROUP Ltd lowered its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 3.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 32,096 shares of the semiconductor company’s stock after selling 1,128 shares during the period. WINTON GROUP Ltd’s holdings in Amkor Technology were worth $825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Neo Ivy Capital Management purchased a new position in Amkor Technology during the third quarter valued at approximately $930,000. Geode Capital Management LLC increased its holdings in shares of Amkor Technology by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock valued at $64,101,000 after purchasing an additional 131,106 shares in the last quarter. Covea Finance lifted its stake in shares of Amkor Technology by 47.1% in the 4th quarter. Covea Finance now owns 62,500 shares of the semiconductor company’s stock valued at $1,606,000 after purchasing an additional 20,000 shares during the period. Holocene Advisors LP purchased a new stake in Amkor Technology during the third quarter worth $1,126,000. Finally, Petrus Trust Company LTA acquired a new stake in Amkor Technology during the third quarter valued at $606,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Insiders Place Their Bets

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the transaction, the insider now directly owns 10,020,870 shares of the company’s stock, valued at $218,956,009.50. The trade was a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin Engel sold 5,489 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total transaction of $119,056.41. Following the completion of the sale, the executive vice president now directly owns 1,388 shares of the company’s stock, valued at approximately $30,105.72. This trade represents a 79.82 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMKR has been the subject of a number of analyst reports. Melius Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. B. Riley lowered their price target on Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. cut their price objective on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price on shares of Amkor Technology in a research report on Tuesday, February 11th. Finally, Morgan Stanley dropped their price target on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Amkor Technology has a consensus rating of “Moderate Buy” and an average target price of $31.50.

Amkor Technology Trading Down 0.1 %

Shares of AMKR stock opened at $18.30 on Friday. Amkor Technology, Inc. has a fifty-two week low of $18.20 and a fifty-two week high of $44.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. The stock’s fifty day moving average is $22.01 and its two-hundred day moving average is $25.74. The firm has a market capitalization of $4.52 billion, a P/E ratio of 12.80 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. Research analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th will be given a dividend of $0.0827 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a yield of 1.81%. Amkor Technology’s payout ratio is 23.08%.

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.