Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. decreased its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,650 shares of the semiconductor company’s stock after selling 605 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Amkor Technology were worth $306,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Amkor Technology in the 4th quarter worth about $39,224,000. Vanguard Group Inc. grew its holdings in Amkor Technology by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 14,756,992 shares of the semiconductor company’s stock worth $490,965,000 after buying an additional 959,838 shares in the last quarter. American Century Companies Inc. increased its position in Amkor Technology by 54.4% in the 2nd quarter. American Century Companies Inc. now owns 1,673,314 shares of the semiconductor company’s stock valued at $66,966,000 after acquiring an additional 589,530 shares during the period. M&G Plc bought a new stake in Amkor Technology during the 1st quarter valued at $11,435,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Amkor Technology during the 1st quarter worth $10,034,000. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Price Performance

NASDAQ AMKR opened at $30.66 on Friday. The stock has a market capitalization of $7.55 billion, a P/E ratio of 20.17 and a beta of 1.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 2.08. The business’s fifty day moving average is $34.24 and its two-hundred day moving average is $33.71. Amkor Technology, Inc. has a 1 year low of $17.58 and a 1 year high of $44.86.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, July 29th. The semiconductor company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. Amkor Technology’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 earnings per share. On average, research analysts forecast that Amkor Technology, Inc. will post 1.53 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.079 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.03%. Amkor Technology’s dividend payout ratio is currently 20.39%.

Insider Activity at Amkor Technology

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $42.94, for a total transaction of $1,073,500.00. Following the transaction, the chief executive officer now directly owns 128,333 shares in the company, valued at approximately $5,510,619.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Winston J. Churchill sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.97, for a total transaction 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $42.94, for a total transaction of $1,073,500.00. Following the completion of the transaction, the chief executive officer now owns 128,333 shares in the company, valued at approximately $5,510,619.02. The disclosure for this sale can be found here. 31.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on AMKR. JPMorgan Chase & Co. assumed coverage on shares of Amkor Technology in a report on Monday, July 1st. They issued an “overweight” rating and a $48.00 price objective for the company. Morgan Stanley increased their price objective on shares of Amkor Technology from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, July 2nd. B. Riley boosted their target price on Amkor Technology from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Finally, Needham & Company LLC increased their price target on Amkor Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amkor Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.14.

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.