Rhumbline Advisers Sells 8,303 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Rhumbline Advisers reduced its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,143 shares of the semiconductor company’s stock after selling 8,303 shares during the period. Rhumbline Advisers owned 0.13% of Amkor Technology worth $7,942,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMKR. Pacer Advisors Inc. grew its holdings in shares of Amkor Technology by 24,383.3% in the third quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company’s stock valued at $115,899,000 after purchasing an additional 3,772,095 shares in the last quarter. State Street Corp lifted its position in Amkor Technology by 5.6% during the third quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company’s stock valued at $102,688,000 after purchasing an additional 176,528 shares during the last quarter. Geode Capital Management LLC lifted its position in Amkor Technology by 6.7% during the third 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 during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Amkor Technology by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,878,912 shares of the semiconductor company’s stock worth $57,495,000 after buying an additional 88,226 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Amkor Technology by 35.7% in the 3rd quarter. FMR LLC now owns 1,555,392 shares of the semiconductor company’s stock worth $47,595,000 after buying an additional 409,241 shares during the last quarter. 42.76% of the stock is owned by institutional investors.

Amkor Technology Trading Down 1.0 %

AMKR stock opened at $21.72 on Wednesday. Amkor Technology, Inc. has a 12 month low of $21.46 and a 12 month high of $44.86. The firm’s 50-day moving average is $24.80 and its 200 day moving average is $27.61. The company has a market capitalization of $5.36 billion, a PE ratio of 15.19 and a beta of 1.81. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.43 EPS 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%. On average, research analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be given a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Thursday, March 13th. Amkor Technology’s payout ratio is 23.08%.

Analysts Set New Price Targets

AMKR has been the subject of several recent research reports. KeyCorp dropped their price target on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Melius downgraded Amkor Technology from a “buy” rating to a “hold” rating and cut their target price for the company from $34.00 to $30.00 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 for the company in a research report on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective on shares of Amkor Technology in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group lowered their target price on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.