Cerity Partners LLC Sells 134,660 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Cerity Partners LLC lessened its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 41.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,488 shares of the semiconductor company’s stock after selling 134,660 shares during the quarter. Cerity Partners LLC owned 0.08% of Amkor Technology worth $4,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in Amkor Technology in the fourth quarter worth about $32,479,000. Vanguard Group Inc. grew its holdings in shares of Amkor Technology by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company’s stock valued at $402,414,000 after buying an additional 1,092,002 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Amkor Technology by 212.6% during the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock valued at $41,647,000 after acquiring an additional 925,644 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Amkor Technology by 15.8% in the 4th quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company’s stock worth $104,853,000 after acquiring an additional 556,761 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Amkor Technology by 24.4% in the 4th quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company’s stock valued at $69,594,000 after acquiring an additional 530,771 shares in the last quarter. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Performance

AMKR opened at $16.54 on Friday. The company’s 50 day moving average is $19.98 and its 200 day moving average is $24.60. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 11.57 and a beta of 1.88. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. On average, equities research analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were issued a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 2.00%. The ex-dividend date was Thursday, March 13th. Amkor Technology’s dividend payout ratio is presently 23.08%.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction that occurred on 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 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 available through the SEC website. Also, EVP Kevin Engel sold 5,489 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total transaction of $119,056.41. Following the completion of the transaction, the executive vice president now owns 1,388 shares of the company’s stock, valued at approximately $30,105.72. The trade was a 79.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Amkor Technology Company 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.