Dimensional Fund Advisors LP Trims Position in Amkor Technology, Inc. $AMKR

Dimensional Fund Advisors LP lowered its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 13.9% during the first quarter, Holdings Channel reports. The fund owned 10,991,469 shares of the semiconductor company’s stock after selling 1,781,422 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Amkor Technology were worth $494,879,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in Amkor Technology by 180.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 440 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Amkor Technology by 38.8% during the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 262 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Amkor Technology by 91.2% during the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 447 shares during the last quarter. State of Wyoming purchased a new stake in shares of Amkor Technology in the fourth quarter valued at $41,000. Finally, Quarry LP purchased a new stake in shares of Amkor Technology in the fourth quarter valued at $42,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on AMKR shares. B. Riley Financial upped their target price on Amkor Technology from $70.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Needham & Company LLC upped their price objective on shares of Amkor Technology from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Melius Research upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, April 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a research report on Friday. Finally, Morgan Stanley boosted their target price on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $69.88.

Amkor Technology Stock Performance

Amkor Technology stock opened at $62.56 on Tuesday. The company has a market cap of $15.51 billion, a price-to-earnings ratio of 35.75 and a beta of 2.20. Amkor Technology, Inc. has a 12 month low of $20.86 and a 12 month high of $96.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74. The stock’s 50-day moving average is $73.89 and its 200-day moving average is $60.09.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The company’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. Equities analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, June 3rd. Amkor Technology’s payout ratio is 18.86%.

Insider Activity at Amkor Technology

In related news, Director Guillaume Marie Jean Rutten sold 50,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $74.28, for a total transaction of $3,714,000.00. Following the completion of the sale, the director directly owned 502,558 shares of the company’s stock, valued at approximately $37,330,008.24. This represents a 9.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Winston J. Churchill sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $78.20, for a total value of $391,000.00. Following the completion of the transaction, the director directly owned 28,781 shares in the company, valued at $2,250,674.20. This trade represents a 14.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 114,000 shares of company stock valued at $8,631,450 over the last quarter. Company insiders own 26.40% of the company’s stock.

Amkor Technology Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.