Russell Investments Group Ltd. Sells 10,300 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Russell Investments Group Ltd. lowered its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Get Rating) by 20.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,252 shares of the semiconductor company’s stock after selling 10,300 shares during the period. Russell Investments Group Ltd.’s holdings in Amkor Technology were worth $965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC bought a new stake in Amkor Technology during the 4th quarter worth $27,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Amkor Technology during the 4th quarter worth $33,000. Lazard Asset Management LLC bought a new stake in Amkor Technology during the 1st quarter worth $38,000. Advisors Asset Management Inc. grew its position in Amkor Technology by 57.3% during the 1st quarter. Advisors Asset Management Inc. now owns 2,936 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 1,069 shares during the last quarter. Finally, Signaturefd LLC grew its position in Amkor Technology by 17.3% during the 3rd quarter. Signaturefd LLC now owns 4,204 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 620 shares during the last quarter. Institutional investors own 38.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com assumed coverage on Amkor Technology in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. DA Davidson reduced their price target on Amkor Technology from $35.00 to $32.00 in a research report on Tuesday, May 2nd.

Insider Buying and Selling

In related news, CFO Megan Faust sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $22.66, for a total transaction of $61,182.00. Following the transaction, the chief financial officer now directly owns 35,394 shares of the company’s stock, valued at approximately $802,028.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Megan Faust sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $22.66, for a total value of $61,182.00. Following the transaction, the chief financial officer now owns 35,394 shares in the company, valued at $802,028.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gil C. Tily sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $25.81, for a total value of $516,200.00. Following the completion of the transaction, the director now owns 137,924 shares in the company, valued at approximately $3,559,818.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,700 shares of company stock valued at $2,304,902. 53.30% of the stock is owned by company insiders.

Amkor Technology Stock Up 6.8 %

Shares of Amkor Technology stock opened at $24.09 on Friday. Amkor Technology, Inc. has a one year low of $14.89 and a one year high of $31.38. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.08 and a quick ratio of 1.69. The stock’s 50-day moving average is $23.45 and its 200 day moving average is $25.74. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 9.27 and a beta of 1.75.

Amkor Technology (NASDAQ:AMKR – Get Rating) last announced its earnings results on Monday, May 1st. The semiconductor company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Amkor Technology had a return on equity of 18.08% and a net margin of 9.19%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.7 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Tuesday, June 6th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, June 5th. Amkor Technology’s dividend payout ratio (DPR) is currently 11.54%.

Amkor Technology Company Profile

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Amkor Technology, Inc provides outsourced semiconductor packaging and test services. Its services include design, package characterization, test and wafer bumping services. The firm’s operations include production facilities, product development centers, and sales and support offices. The company was founded in 1986 and is headquartered in Tempe, AZ.