Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. reduced its stake in Amkor Technology, Inc. (NASDAQ:AMKRGet Rating) by 19.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,717 shares of the semiconductor company’s stock after selling 4,415 shares during the quarter. Baird Financial Group Inc.’s holdings in Amkor Technology were worth $318,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AMKR. LSV Asset Management lifted its holdings in shares of Amkor Technology by 9.2% in the 1st quarter. LSV Asset Management now owns 8,153,318 shares of the semiconductor company’s stock worth $177,090,000 after acquiring an additional 684,917 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Amkor Technology by 63.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 898,438 shares of the semiconductor company’s stock worth $19,514,000 after acquiring an additional 348,491 shares during the last quarter. SW Investment Management LLC lifted its holdings in shares of Amkor Technology by 9.1% in the 1st quarter. SW Investment Management LLC now owns 3,000,000 shares of the semiconductor company’s stock worth $65,165,000 after acquiring an additional 250,000 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Amkor Technology by 109.3% in the 1st quarter. Renaissance Technologies LLC now owns 446,400 shares of the semiconductor company’s stock worth $9,696,000 after acquiring an additional 233,100 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Amkor Technology by 269.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 259,320 shares of the semiconductor company’s stock worth $4,395,000 after buying an additional 189,042 shares in the last quarter. 38.69% of the stock is currently owned by institutional investors and hedge funds.

Amkor Technology Price Performance

Amkor Technology stock opened at $27.60 on Wednesday. The firm has a market cap of $6.76 billion, a PE ratio of 8.31 and a beta of 1.56. Amkor Technology, Inc. has a 52-week low of $14.89 and a 52-week high of $29.10. The company has a quick ratio of 1.42, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $20.26 and its two-hundred day moving average is $19.59.

Amkor Technology (NASDAQ:AMKRGet Rating) last announced its quarterly earnings data on Monday, October 31st. The semiconductor company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.31. Amkor Technology had a net margin of 11.84% and a return on equity of 25.47%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. On average, research analysts expect that Amkor Technology, Inc. will post 3.14 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 27th. Shareholders of record on Tuesday, December 6th will be given a $0.075 dividend. The ex-dividend date of this dividend is Monday, December 5th. This is an increase from Amkor Technology’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.09%. Amkor Technology’s dividend payout ratio is currently 6.02%.

Analysts Set New Price Targets

AMKR has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Amkor Technology in a report on Wednesday, October 12th. They set a “buy” rating on the stock. DA Davidson reduced their target price on shares of Amkor Technology to $30.00 in a report on Friday, November 4th.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, CFO Megan Faust sold 6,000 shares of the stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $19.07, for a total value of $114,420.00. Following the sale, the chief financial officer now directly owns 8,512 shares of the company’s stock, valued at approximately $162,323.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Amkor Technology news, CFO Megan Faust sold 6,000 shares of the stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $19.07, for a total value of $114,420.00. Following the sale, the chief financial officer now directly owns 8,512 shares of the company’s stock, valued at approximately $162,323.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Farshad Haghighi sold 16,076 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $27.13, for a total transaction of $436,141.88. Following the completion of the transaction, the executive vice president now directly owns 434 shares in the company, valued at $11,774.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 173,076 shares of company stock valued at $4,302,282. Insiders own 56.50% of the company’s stock.

About Amkor Technology

(Get Rating)

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services.

See Also

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Institutional Ownership by Quarter for Amkor Technology (NASDAQ:AMKR)

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