Crossmark Global Holdings Inc. Cuts Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Crossmark Global Holdings Inc. reduced its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 11.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,989 shares of the semiconductor company’s stock after selling 752 shares during the period. Crossmark Global Holdings Inc.’s holdings in Amkor Technology were worth $240,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMKR. 1620 Investment Advisors Inc. acquired a new position in Amkor Technology during the second quarter worth about $31,000. Pineridge Advisors LLC acquired a new position in Amkor Technology during the fourth quarter worth about $28,000. Headlands Technologies LLC acquired a new position in Amkor Technology during the first quarter worth about $43,000. Blue Trust Inc. grew its position in Amkor Technology by 158.3% during the second quarter. Blue Trust Inc. now owns 2,255 shares of the semiconductor company’s stock worth $90,000 after buying an additional 1,382 shares during the period. Finally, CWM LLC grew its position in Amkor Technology by 15.1% during the second quarter. CWM LLC now owns 2,359 shares of the semiconductor company’s stock worth $94,000 after buying an additional 309 shares during the period. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Stock Performance

Shares of AMKR opened at $29.69 on Thursday. 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 company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 19.53 and a beta of 1.86. The company’s 50 day simple moving average is $35.72 and its 200 day simple moving average is $33.76. 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 quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. Amkor Technology had a net margin of 5.87% and a return on equity of 9.41%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, sell-side analysts predict that Amkor Technology, Inc. will post 1.53 EPS for the current year.

Amkor Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Tuesday, September 3rd. Amkor Technology’s payout ratio is 20.39%.

Analyst Ratings Changes

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

Insider Activity at Amkor Technology

In related news, 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 transaction, the chief executive officer now owns 128,333 shares of the company’s stock, valued at $5,510,619.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the 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 owns 128,333 shares of the company’s stock, valued at $5,510,619.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 in the company, valued at approximately $655,146.87. The disclosure for this sale can be found here. Insiders own 31.40% of the company’s stock.

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.