American International Group Inc. Sells 1,142 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

American International Group Inc. reduced its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 194,564 shares of the semiconductor company’s stock after selling 1,142 shares during the quarter. American International Group Inc. owned about 0.08% of Amkor Technology worth $6,473,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMKR. Janney Montgomery Scott LLC grew its position in shares of Amkor Technology by 29.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 25,863 shares of the semiconductor company’s stock worth $585,000 after buying an additional 5,895 shares during the last quarter. Deutsche Bank AG grew its position in shares of Amkor Technology by 11.3% in the 3rd quarter. Deutsche Bank AG now owns 60,372 shares of the semiconductor company’s stock worth $1,364,000 after buying an additional 6,111 shares during the last quarter. Rhumbline Advisers grew its position in shares of Amkor Technology by 1.7% in the 3rd quarter. Rhumbline Advisers now owns 355,788 shares of the semiconductor company’s stock worth $8,041,000 after buying an additional 5,972 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Amkor Technology by 31.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,674 shares of the semiconductor company’s stock worth $128,000 after buying an additional 1,364 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new stake in shares of Amkor Technology in the 3rd quarter worth approximately $239,000. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Stock Down 1.8 %

Shares of NASDAQ:AMKR opened at $39.38 on Friday. The stock has a fifty day simple moving average of $32.80 and a two-hundred day simple moving average of $32.11. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 25.91 and a beta of 1.84. Amkor Technology, Inc. has a 12-month low of $17.58 and a 12-month high of $40.58. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.26.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. On average, research analysts anticipate that Amkor Technology, Inc. will post 1.78 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Tuesday, June 4th will be paid a $0.079 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Tuesday, June 4th. Amkor Technology’s dividend payout ratio is currently 20.39%.

Insider Transactions at Amkor Technology

In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $33.37, for a total value of $834,250.00. Following the completion of the transaction, the chief executive officer now owns 104,476 shares in the company, valued at $3,486,364.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $31.30, for a total value of $156,500.00. Following the completion of the transaction, the executive vice president now owns 25,280 shares in the company, valued at $791,264. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $33.37, for a total value of $834,250.00. Following the completion of the sale, the chief executive officer now directly owns 104,476 shares of the company’s stock, valued at approximately $3,486,364.12. The disclosure for this sale can be found here. Insiders sold 75,000 shares of company stock worth $2,414,000 over the last quarter. 31.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMKR. B. Riley lifted their price target on Amkor Technology from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Amkor Technology in a research report on Tuesday, April 30th. DA Davidson lifted their price target on Amkor Technology from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Morgan Stanley lifted their price target on Amkor Technology from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Finally, The Goldman Sachs Group lifted their price target on Amkor Technology from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and five have given 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 $38.50.

About Amkor Technology

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.