Boston Partners Sells 16,248 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Boston Partners cut its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 605,896 shares of the semiconductor company’s stock after selling 16,248 shares during the period. Boston Partners owned about 0.25% of Amkor Technology worth $19,398,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMKR. Allworth Financial LP increased its position in Amkor Technology by 1,324.6% in the fourth quarter. Allworth Financial LP now owns 812 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 755 shares during the period. Pineridge Advisors LLC bought a new stake in Amkor Technology in the 4th quarter valued at approximately $28,000. Fifth Third Bancorp raised its holdings in shares of Amkor Technology by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 347 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Amkor Technology by 1,414.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 863 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 806 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Amkor Technology in the 1st quarter valued at $43,000. 42.76% of the stock is owned by institutional investors and hedge funds.

Amkor Technology Stock Performance

NASDAQ AMKR traded down $1.38 during trading on Friday, reaching $28.63. The company’s stock had a trading volume of 2,620,537 shares, compared to its average volume of 1,870,600. The firm has a 50 day moving average price of $37.37 and a 200 day moving average price of $33.74. Amkor Technology, Inc. has a 12 month low of $17.58 and a 12 month high of $44.86. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 18.84 and a beta of 1.86.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. Amkor Technology’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. As a group, equities analysts anticipate that Amkor Technology, Inc. will post 1.53 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Tuesday, June 4th were issued a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, June 4th. Amkor Technology’s payout ratio is presently 20.39%.

Insider Buying and Selling

In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $33.37, for a total transaction of $834,250.00. Following the transaction, the chief executive officer now owns 104,476 shares of the company’s stock, valued at approximately $3,486,364.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 31.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMKR shares. Morgan Stanley raised their price target on Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 2nd. DA Davidson lifted their price objective on shares of Amkor Technology from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. initiated coverage on shares of Amkor Technology in a report on Monday, July 1st. They issued an “overweight” rating and a $48.00 target price on the stock. Needham & Company LLC boosted their price target on Amkor Technology from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, B. Riley raised their price objective on Amkor Technology from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Amkor Technology presently has an average rating of “Moderate Buy” and a consensus target price of $41.14.

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.