Envestnet Asset Management Inc. Acquires 44,689 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Envestnet Asset Management Inc. grew its holdings in shares of Amkor Technology, Inc. ( NASDAQ:AMKR – Free Report ) by 8.

5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 571,448 shares of the semiconductor company’s stock after purchasing an additional 44,689 shares during the period.



Envestnet Asset Management Inc.’s holdings in Amkor Technology were worth $14,680,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors also recently modified their holdings of the business.

Wells Fargo & Company MN lifted its position in Amkor Technology by 19.4% during the fourth quarter. Wells Fargo & Company MN now owns 310,126 shares of the semiconductor company’s stock valued at $7,967,000 after purchasing an additional 50,347 shares during the last quarter.

Riverwater Partners LLC raised its position in shares of Amkor Technology by 2.7% during the 4th quarter. Riverwater Partners LLC now owns 44,088 shares of the semiconductor company’s stock valued at $1,133,000 after buying an additional 1,142 shares in the last quarter.

Massachusetts Financial Services Co. MA lifted its holdings in shares of Amkor Technology by 13.7% during the 4th quarter.

Massachusetts Financial Services Co. MA now owns 183,072 shares of the semiconductor company’s stock worth $4,703,000 after acquiring an additional 22,081 shares during the last quarter. Trexquant Investment LP grew its position in Amkor Technology by 230.

5% in the fourth quarter. Trexquant Investment LP now owns 121,878 shares of the semiconductor company’s stock worth $3,131,000 after acquiring an additional 85,005 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in Amkor Technology by 438.

3% in the fourth quarter. Headlands Technologies LLC now owns 25,261 shares of the semiconductor company’s stock valued at $649,000 after acquiring an additional 20,568 shares during the last quarter. Hedge funds and other institutional investors own 42.

76% of the company’s stock. Amkor Technology Stock Performance NASDAQ:AMKR opened at $16.15 on Thursday.

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.

11. Amkor Technology, Inc. has a fifty-two week low of $14.

03 and a fifty-two week high of $44.86. The business has a 50 day moving average price of $19.

51 and a 200-day moving average price of $24.35. The firm has a market cap of $3.

99 billion, a PE ratio of 11.29 and a beta of 1.88.

Amkor Technology Cuts Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were issued a dividend of $0.0827 per share.

The ex-dividend date was Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a yield of 2.

05%. Amkor Technology’s dividend payout ratio is presently 23.08%.

Insider Buying and Selling at Amkor Technology In related news, EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total value of $119,056.

41. Following the sale, the executive vice president now owns 1,388 shares in the company, valued at $30,105.72.

The trade was a 79.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link .

Also, major shareholder Agnes C. Kim sold 869,565 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $21.

85, for a total transaction of $18,999,995.25. Following the completion of the transaction, the insider now owns 10,020,870 shares of the company’s stock, valued at $218,956,009.

50. This trade represents a 7.98 % decrease in their ownership of the stock.

The disclosure for this sale can be found here . 26.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets Several brokerages have issued reports on AMKR. JPMorgan Chase & Co. dropped their price target on Amkor Technology from $42.

00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and issued a $34.

00 target price on shares of Amkor Technology in a research report on Tuesday, February 11th. Melius Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Melius downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating and decreased their price target for the stock from $34.

00 to $30.00 in a research note on Monday, January 6th. Finally, Morgan Stanley cut their price objective on shares of Amkor Technology from $26.

00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock.

According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.50. Read Our Latest Stock Report on AMKR 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. Recommended Stories Want to see what other hedge funds are holding AMKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amkor Technology, Inc.

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