Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC decreased its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKRFree Report) by 57.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,684 shares of the semiconductor company’s stock after selling 28,299 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Amkor Technology were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its position in Amkor Technology by 9.2% during the 4th quarter. Handelsbanken Fonder AB now owns 18,976 shares of the semiconductor company’s stock worth $631,000 after purchasing an additional 1,600 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in shares of Amkor Technology by 169.6% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 69,543 shares of the semiconductor company’s stock worth $2,313,000 after acquiring an additional 43,745 shares during the period. Trexquant Investment LP acquired a new stake in shares of Amkor Technology in the 3rd quarter worth approximately $1,142,000. Invesco Ltd. grew its holdings in shares of Amkor Technology by 12.3% in the 3rd quarter. Invesco Ltd. now owns 1,318,158 shares of the semiconductor company’s stock worth $29,790,000 after acquiring an additional 144,280 shares during the period. Finally, SummerHaven Investment Management LLC grew its holdings in shares of Amkor Technology by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 24,548 shares of the semiconductor company’s stock worth $817,000 after acquiring an additional 327 shares during the period. Institutional investors and hedge funds own 42.76% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Megan Faust sold 2,800 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $31.09, for a total value of $87,052.00. Following the transaction, the chief financial officer now directly owns 53,023 shares of the company’s stock, valued at approximately $1,648,485.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $31.17, for a total value of $779,250.00. Following the transaction, the chief executive officer now directly owns 114,476 shares of the company’s stock, valued at approximately $3,568,216.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Megan Faust sold 2,800 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $31.09, for a total value of $87,052.00. Following the completion of the transaction, the chief financial officer now directly owns 53,023 shares in the company, valued at $1,648,485.07. The disclosure for this sale can be found here. Insiders have sold a total of 102,800 shares of company stock valued at $3,281,802 in the last quarter. 31.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. DA Davidson upped their price target on Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. The Goldman Sachs Group upped their price target on Amkor Technology from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Fox Advisors assumed coverage on Amkor Technology in a report on Thursday, March 14th. They set an “equal weight” rating on the stock. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Amkor Technology in a report on Tuesday, April 30th. Finally, Morgan Stanley increased their target price on Amkor Technology from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.67.

Get Our Latest Analysis on AMKR

Amkor Technology Trading Down 0.0 %

Shares of Amkor Technology stock opened at $32.96 on Friday. Amkor Technology, Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $37.00. The firm has a market cap of $8.10 billion, a PE ratio of 21.68 and a beta of 1.84. The business’s fifty day moving average is $31.92 and its two-hundred day moving average is $31.52. The company has a quick ratio of 2.08, a current ratio of 2.34 and a debt-to-equity ratio of 0.26.

Amkor Technology (NASDAQ:AMKRGet Free Report) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. Amkor Technology had a return on equity of 9.53% and a net margin of 5.84%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company posted $0.18 EPS. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. Analysts anticipate that Amkor Technology, Inc. will post 1.78 earnings per share for the current year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Tuesday, June 4th. Amkor Technology’s dividend payout ratio is presently 20.39%.

Amkor Technology Profile

(Free Report)

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.

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

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