Leuthold Group LLC Reduces Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Leuthold Group LLC lessened its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 26.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,662 shares of the semiconductor company’s stock after selling 3,172 shares during the period. Leuthold Group LLC’s holdings in Amkor Technology were worth $265,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMKR. Allspring Global Investments Holdings LLC increased its position in Amkor Technology by 104.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,904 shares of the semiconductor company’s stock worth $545,000 after purchasing an additional 8,617 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Amkor Technology by 2.4% during the first quarter. State of Michigan Retirement System now owns 25,349 shares of the semiconductor company’s stock worth $817,000 after buying an additional 600 shares in the last quarter. Retirement Systems of Alabama raised its position in shares of Amkor Technology by 0.3% in the first quarter. Retirement Systems of Alabama now owns 129,621 shares of the semiconductor company’s stock valued at $4,179,000 after buying an additional 344 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Amkor Technology by 15.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 289,443 shares of the semiconductor company’s stock valued at $8,990,000 after buying an additional 39,509 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Amkor Technology by 108.6% during the first quarter. BNP Paribas Financial Markets now owns 75,470 shares of the semiconductor company’s stock worth $2,433,000 after acquiring an additional 39,284 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amkor Technology

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 204,971 shares in the company, valued at approximately $6,458,636.21. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amkor Technology news, Director Winston J. Churchill sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the transaction, the director now directly owns 19,871 shares of the company’s stock, valued at $655,146.87. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the sale, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at $6,458,636.21. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is owned by corporate insiders.

Amkor Technology Stock Performance

Shares of AMKR stock opened at $29.53 on Tuesday. The company’s fifty day simple moving average is $30.71 and its 200-day simple moving average is $33.30. The company has a current ratio of 2.08, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. Amkor Technology, Inc. has a 52 week low of $17.58 and a 52 week high of $44.86. The company has a market cap of $7.26 billion, a PE ratio of 19.43 and a beta of 1.84.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities research analysts anticipate that Amkor Technology, Inc. will post 1.55 EPS for the current year.

Amkor Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd were issued a $0.079 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, September 3rd. Amkor Technology’s dividend payout ratio is presently 20.39%.

Wall Street Analysts Forecast Growth

AMKR has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on Amkor Technology from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. assumed coverage on Amkor Technology in a research note on Monday, July 1st. They issued an “overweight” rating and a $48.00 price target on the stock. KeyCorp assumed coverage on shares of Amkor Technology in a research note on Friday, September 20th. They set an “overweight” rating and a $38.00 price objective for the company. StockNews.com raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, Needham & Company LLC boosted their target price on shares of Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.75.

Amkor Technology Company Profile

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.