Brandywine Global Investment Management LLC Reduces Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Brandywine Global Investment Management LLC lowered its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,792 shares of the semiconductor company’s stock after selling 10,150 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Amkor Technology were worth $3,283,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in Amkor Technology by 5.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 105,521 shares of the semiconductor company’s stock valued at $3,229,000 after purchasing an additional 5,307 shares in the last quarter. FMR LLC raised its stake in Amkor Technology by 35.7% in the 3rd quarter. FMR LLC now owns 1,555,392 shares of the semiconductor company’s stock worth $47,595,000 after acquiring an additional 409,241 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Amkor Technology by 510.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 118,579 shares of the semiconductor company’s stock worth $3,629,000 after acquiring an additional 99,143 shares during the period. MetLife Investment Management LLC grew its stake in Amkor Technology by 7.2% during the 3rd quarter. MetLife Investment Management LLC now owns 58,567 shares of the semiconductor company’s stock valued at $1,792,000 after purchasing an additional 3,956 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Amkor Technology by 5.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 280,890 shares of the semiconductor company’s stock valued at $8,595,000 after purchasing an additional 14,389 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $34.00 price objective on shares of Amkor Technology in a research note on Tuesday, February 11th. Melius cut shares of Amkor Technology from a “buy” rating to a “hold” rating and decreased their price objective for the company from $34.00 to $30.00 in a research note on Monday, January 6th. Melius Research downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, Morgan Stanley decreased their target price on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Insider Activity

In other Amkor Technology news, EVP Kevin Engel sold 5,489 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total transaction of $119,056.41. Following the completion of the transaction, the executive vice president now directly owns 1,388 shares in the company, valued at approximately $30,105.72. This represents a 79.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the sale, the insider now owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. This trade represents a 7.98 % decrease in their position. The disclosure for this sale can be found here. Insiders own 31.40% of the company’s stock.

Amkor Technology Stock Performance

Shares of NASDAQ AMKR opened at $18.63 on Thursday. The company has a market capitalization of $4.60 billion, a PE ratio of 13.03 and a beta of 1.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. The company’s fifty day moving average price is $21.53 and its 200 day moving average price is $25.49. Amkor Technology, Inc. has a 1 year low of $17.60 and a 1 year high of $44.86.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. On average, research analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th were given a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, March 13th. Amkor Technology’s dividend payout ratio (DPR) is presently 23.08%.

Amkor Technology 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.