Mutual of America Capital Management LLC Sells 1,325 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Mutual of America Capital Management LLC lessened its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,928 shares of the semiconductor company’s stock after selling 1,325 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Amkor Technology were worth $1,540,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in Amkor Technology during the 3rd quarter valued at approximately $39,000. Larson Financial Group LLC raised its holdings in shares of Amkor Technology by 46.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $56,000 after buying an additional 580 shares in the last quarter. Blue Trust Inc. increased its holdings in Amkor Technology by 36.9% during the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 922 shares in the last quarter. Quarry LP increased its holdings in Amkor Technology by 421.8% during the 3rd quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 2,535 shares in the last quarter. Finally, West Tower Group LLC boosted its position in Amkor Technology by 100.0% in the 3rd quarter. West Tower Group LLC now owns 4,000 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Performance

Shares of Amkor Technology stock opened at $20.74 on Friday. Amkor Technology, Inc. has a one year low of $19.65 and a one year high of $44.86. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 14.50 and a beta of 1.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The stock’s 50-day moving average is $23.97 and its 200-day moving average is $27.00.

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

Amkor Technology Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be given a $0.0827 dividend. This represents a $0.33 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, March 13th. Amkor Technology’s payout ratio is 23.08%.

Insider Activity

In related news, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the sale, the insider now owns 10,020,870 shares of the company’s stock, valued at $218,956,009.50. This represents a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the sale, the executive vice president now directly owns 1,388 shares in the company, valued at $30,105.72. This represents a 79.82 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley decreased their price objective on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Melius lowered Amkor Technology from a “buy” rating to a “hold” rating and reduced their price target for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. Melius Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. B. Riley reduced 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price on shares of Amkor Technology in a report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.