Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,300 shares of the semiconductor company’s stock after selling 1,700 shares during the period. Swiss National Bank’s holdings in Amkor Technology were worth $6,619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Lazard Asset Management LLC acquired a new position in shares of Amkor Technology during the 1st quarter worth approximately $326,000. BOKF NA boosted its stake in shares of Amkor Technology by 58.4% during the first quarter. BOKF NA now owns 8,697 shares of the semiconductor company’s stock valued at $277,000 after acquiring an additional 3,205 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Amkor Technology by 1.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 106,466 shares of the semiconductor company’s stock worth $3,434,000 after purchasing an additional 2,018 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Amkor Technology by 282.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 29,787 shares of the semiconductor company’s stock valued at $960,000 after purchasing an additional 22,003 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in Amkor Technology in the 1st quarter valued at about $584,000. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMKR. Needham & Company LLC lowered their price target on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. StockNews.com cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price target on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. KeyCorp lowered their price objective on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, Morgan Stanley reduced their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Amkor Technology presently has a consensus rating of “Moderate Buy” and an average target price of $36.29.

Insider Activity

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the completion of the sale, the chief executive officer now owns 204,971 shares in the company, valued at approximately $6,458,636.21. This trade represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 31.40% of the company’s stock.

Amkor Technology Price Performance

Shares of Amkor Technology stock opened at $26.28 on Wednesday. The business’s fifty day moving average price is $28.78 and its 200 day moving average price is $32.65. Amkor Technology, Inc. has a twelve month low of $24.10 and a twelve month high of $44.86. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $6.48 billion, a P/E ratio of 17.76 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. As a group, research analysts anticipate that Amkor Technology, Inc. will post 1.42 earnings per share for the current year.

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th will be given a $0.0827 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.33 annualized dividend and a dividend yield of 1.26%. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio is presently 22.30%.

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.