Segall Bryant & Hamill LLC Reduces Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Segall Bryant & Hamill LLC reduced its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 26.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 120,258 shares of the semiconductor company’s stock after selling 42,595 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Amkor Technology were worth $3,680,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Capital World Investors acquired a new stake in shares of Amkor Technology during the first quarter worth $9,288,000. Vanguard Group Inc. raised its stake in Amkor Technology by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 14,976,630 shares of the semiconductor company’s stock worth $482,847,000 after acquiring an additional 219,638 shares during the last quarter. Valley Wealth Managers Inc. lifted its position in Amkor Technology by 115.1% during the 3rd quarter. Valley Wealth Managers Inc. now owns 730,701 shares of the semiconductor company’s stock worth $22,359,000 after acquiring an additional 391,002 shares during the period. Tidal Investments LLC purchased a new stake in Amkor Technology during the 1st quarter valued at about $584,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Amkor Technology by 282.7% in the first quarter. Public Employees Retirement System of Ohio now owns 29,787 shares of the semiconductor company’s stock valued at $960,000 after purchasing an additional 22,003 shares during the period. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amkor Technology

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total value of $315,100.00. Following the completion of the sale, the chief executive officer now directly owns 204,971 shares in the company, valued at $6,458,636.21. This represents a 4.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Winston J. Churchill sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction of $659,400.00. Following the sale, the director now directly owns 19,871 shares of the company’s stock, valued at approximately $655,146.87. This represents a 50.16 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by corporate insiders.

Amkor Technology Price Performance

Shares of Amkor Technology stock opened at $26.54 on Friday. The firm has a market cap of $6.55 billion, a PE ratio of 17.93 and a beta of 1.85. The business has a 50-day moving average price of $28.85 and a 200 day moving average price of $32.69. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. Amkor Technology, Inc. has a twelve month low of $24.10 and a twelve month high of $44.86.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. Sell-side analysts predict that Amkor Technology, Inc. will post 1.42 earnings per share for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 4th will be given a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, December 4th. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is 20.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Morgan Stanley decreased their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. JPMorgan Chase & Co. dropped their price objective on shares of Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. KeyCorp lowered their price target on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. DA Davidson reduced their price objective on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group lowered their target price on Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.29.

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.