220,571 Shares in Amkor Technology, Inc. (NASDAQ:AMKR) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 220,571 shares of the semiconductor company’s stock, valued at approximately $5,666,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of Amkor Technology during the 4th quarter valued at $310,000. M&T Bank Corp lifted its position in Amkor Technology by 6.5% during the fourth quarter. M&T Bank Corp now owns 38,580 shares of the semiconductor company’s stock valued at $991,000 after purchasing an additional 2,369 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Amkor Technology by 6.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,006,273 shares of the semiconductor company’s stock valued at $51,541,000 after purchasing an additional 127,361 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Amkor Technology in the fourth quarter worth about $27,000. Finally, Jones Financial Companies Lllp increased its position in Amkor Technology by 353.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock worth $38,000 after buying an additional 1,160 shares in the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Price Performance

AMKR stock opened at $19.88 on Tuesday. 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 $22.54 and its 200-day moving average price is $25.99. Amkor Technology, Inc. has a one year low of $18.87 and a one year high of $44.86. The company has a market capitalization of $4.91 billion, a PE ratio of 13.90 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 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, equities analysts anticipate that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Cuts Dividend

The company also recently declared 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. This represents a $0.33 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, March 13th. Amkor Technology’s payout ratio is presently 23.08%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Melius Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. B. Riley dropped their price target on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Morgan Stanley reduced 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. Melius cut shares of Amkor Technology from a “buy” rating to a “hold” rating and lowered their target price for the company from $34.00 to $30.00 in a research note on Monday, January 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price target on shares of Amkor Technology in a research note on Tuesday, February 11th. Five equities research 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Insider Buying and Selling at Amkor Technology

In related news, major shareholder Agnes C. Kim sold 869,565 shares of the company’s stock in a transaction on 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 sale, the insider now owns 10,020,870 shares of the company’s stock, valued at $218,956,009.50. This represents a 7.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, 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 disclosure for this sale can be found here. 31.40% of the stock is currently owned by company 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.