Amkor Technology, Inc. (NASDAQ:AMKR) Stock Position Raised by M&T Bank Corp

M&T Bank Corp raised its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 6.5% in the fourth quarter, Holdings Channel reports. The firm owned 38,580 shares of the semiconductor company’s stock after buying an additional 2,369 shares during the period. M&T Bank Corp’s holdings in Amkor Technology were worth $991,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Amkor Technology in the 4th quarter valued at approximately $27,000. Jones Financial Companies Lllp grew its holdings in shares of Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 1,160 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Amkor Technology by 46.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $56,000 after purchasing an additional 580 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Amkor Technology by 36.9% during the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 922 shares in the last quarter. Finally, Quarry LP boosted its stake in Amkor Technology by 421.8% in the 3rd quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock valued at $96,000 after buying an additional 2,535 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total transaction of $119,056.41. Following the completion of the sale, the executive vice president now directly owns 1,388 shares of the company’s stock, valued at $30,105.72. The trade was a 79.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction on Monday, February 24th. The stock was sold at an average price of $21.85, for a total value of $18,999,995.25. Following the sale, the insider now directly owns 10,020,870 shares of the company’s stock, valued at approximately $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. 31.40% of the stock is owned by insiders.

Amkor Technology Trading Down 3.0 %

AMKR stock opened at $19.23 on Wednesday. The company has a market cap of $4.74 billion, a P/E ratio of 13.45 and a beta of 1.88. Amkor Technology, Inc. has a twelve month low of $19.01 and a twelve month high of $44.86. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $23.72 and a 200-day moving average of $26.77.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. As a group, equities research analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th will be paid a dividend of $0.0827 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.72%. Amkor Technology’s dividend payout ratio (DPR) is presently 23.08%.

Wall Street Analyst Weigh In

AMKR has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. B. Riley cut their price objective on Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Melius downgraded Amkor Technology from a “buy” rating to a “hold” rating and cut their price objective for the company from $34.00 to $30.00 in a research report on Monday, January 6th. Finally, Morgan Stanley cut their price objective on 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. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.50.

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.