Amkor Technology, Inc. (NASDAQ:AMKR) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 26.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,376 shares of the semiconductor company’s stock after buying an additional 6,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Amkor Technology were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in AMKR. Neo Ivy Capital Management acquired a new position in Amkor Technology in the third quarter worth $930,000. Valley Wealth Managers Inc. boosted its holdings in Amkor Technology by 115.1% in the third quarter. Valley Wealth Managers Inc. now owns 730,701 shares of the semiconductor company’s stock worth $22,359,000 after purchasing an additional 391,002 shares during the period. Geode Capital Management LLC boosted its holdings in Amkor Technology by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock worth $64,101,000 after purchasing an additional 131,106 shares during the period. Principal Financial Group Inc. boosted its holdings in Amkor Technology by 212.6% in the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock worth $41,647,000 after purchasing an additional 925,644 shares during the period. Finally, General American Investors Co. Inc. acquired a new position in Amkor Technology in the third quarter worth $3,060,000. Institutional investors and hedge funds own 42.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AMKR shares. Morgan Stanley decreased 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 report on Tuesday, February 11th. B. Riley cut their target price on Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. JPMorgan Chase & Co. cut their target price 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. Melius Research cut Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Melius cut Amkor Technology from a “buy” rating to a “hold” rating and cut their target price for the company from $34.00 to $30.00 in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Amkor Technology presently has a consensus rating of “Hold” and a consensus target price of $31.50.

Insiders Place Their Bets

In related news, EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the transaction, the executive vice president now owns 1,388 shares of the company’s stock, valued at approximately $30,105.72. This trade represents a 79.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction dated 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 completion of the transaction, the insider now directly owns 10,020,870 shares in the company, valued at $218,956,009.50. This represents a 7.98 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is owned by company insiders.

Amkor Technology Price Performance

Shares of NASDAQ AMKR opened at $21.11 on Friday. Amkor Technology, Inc. has a fifty-two week low of $20.56 and a fifty-two week high of $44.86. The firm’s 50-day simple moving average is $24.56 and its 200 day simple moving average is $27.46. 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 stock has a market cap of $5.21 billion, a P/E ratio of 14.76 and a beta of 1.81.

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

Amkor Technology Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be given a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, March 13th. Amkor Technology’s dividend payout ratio (DPR) is presently 23.08%.

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.