Savant Capital LLC Sells 9,064 Shares of Amkor Technology, Inc. $AMKR

Savant Capital LLC reduced its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 43.0% during the 4th quarter, HoldingsChannel reports. The fund owned 12,008 shares of the semiconductor company’s stock after selling 9,064 shares during the quarter. Savant Capital LLC’s holdings in Amkor Technology were worth $474,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMKR. Signaturefd LLC lifted its position in shares of Amkor Technology by 11.3% in the fourth quarter. Signaturefd LLC now owns 2,644 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 269 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Amkor Technology by 72.1% in the third quarter. Bessemer Group Inc. now owns 933 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 391 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares in the last quarter. Vest Financial LLC lifted its position in shares of Amkor Technology by 6.8% in the fourth quarter. Vest Financial LLC now owns 7,777 shares of the semiconductor company’s stock worth $307,000 after purchasing an additional 493 shares in the last quarter. Finally, Ulland Investment Advisors LLC lifted its position in shares of Amkor Technology by 2.8% in the third quarter. Ulland Investment Advisors LLC now owns 18,260 shares of the semiconductor company’s stock worth $519,000 after purchasing an additional 500 shares in the last quarter. 42.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Gil C. Tily sold 15,000 shares of Amkor Technology stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $77.30, for a total value of $1,159,500.00. Following the completion of the transaction, the director owned 108,806 shares of the company’s stock, valued at $8,410,703.80. This trade represents a 12.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Winston J. Churchill sold 7,000 shares of Amkor Technology stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $76.45, for a total transaction of $535,150.00. Following the completion of the transaction, the director directly owned 18,888 shares of the company’s stock, valued at approximately $1,443,987.60. This trade represents a 27.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 113,000 shares of company stock worth $8,258,950. Corporate insiders own 26.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AMKR shares. UBS Group reissued a “neutral” rating and issued a $80.00 price objective on shares of Amkor Technology in a research report on Tuesday, May 26th. Zacks Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Needham & Company LLC boosted their price objective 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 raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Monday, April 6th. Finally, Wall Street Zen lowered shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Amkor Technology presently has an average rating of “Hold” and a consensus target price of $67.38.

Amkor Technology Stock Performance

Shares of AMKR opened at $73.82 on Friday. The firm has a 50-day moving average of $64.76 and a 200-day moving average of $51.83. Amkor Technology, Inc. has a one year low of $18.65 and a one year high of $79.50. The company has a market cap of $18.30 billion, a PE ratio of 42.18 and a beta of 2.25. 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 (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the firm posted $0.09 EPS. The company’s quarterly revenue was up 27.5% on a year-over-year basis. As a group, equities analysts forecast that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd will be given a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Amkor Technology Company 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.