BNP Paribas Financial Markets Has $3.63 Million Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

BNP Paribas Financial Markets grew its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 510.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 118,579 shares of the semiconductor company’s stock after buying an additional 99,143 shares during the period. BNP Paribas Financial Markets’ holdings in Amkor Technology were worth $3,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 1620 Investment Advisors Inc. acquired a new position in shares of Amkor Technology in the 2nd quarter valued at $31,000. Capital Performance Advisors LLP acquired a new position in shares of Amkor Technology in the 3rd quarter valued at $39,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Amkor Technology in the 2nd quarter valued at $40,000. Larson Financial Group LLC grew its holdings in shares of Amkor Technology by 911.3% in the 2nd quarter. Larson Financial Group LLC now owns 1,254 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 1,130 shares during the period. Finally, Rothschild Investment LLC acquired a new position in shares of Amkor Technology in the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Amkor Technology Trading Down 1.6 %

Amkor Technology stock opened at $26.54 on Thursday. The firm has a 50-day moving average of $28.26 and a 200-day moving average of $32.37. Amkor Technology, Inc. has a one year low of $24.10 and a one year high of $44.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 17.93 and a beta of 1.84.

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

Amkor Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th will be issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, December 4th. Amkor Technology’s dividend payout ratio is presently 20.95%.

Wall Street Analyst Weigh In

AMKR has been the subject of a number of research analyst reports. Needham & Company LLC reduced their target price on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. StockNews.com lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group reduced their target price on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. Morgan Stanley reduced their target price on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Finally, KeyCorp reduced their target price on shares of Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Amkor Technology has an average rating of “Moderate Buy” and an average price target of $36.29.

Insider Activity

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total value of $315,100.00. Following the sale, the chief executive officer now directly owns 204,971 shares of the company’s stock, valued at approximately $6,458,636.21. This represents a 4.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.40% of the stock is owned by insiders.

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.