Wells Fargo & Company MN Purchases 50,347 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Wells Fargo & Company MN boosted its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 19.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 310,126 shares of the semiconductor company’s stock after purchasing an additional 50,347 shares during the quarter. Wells Fargo & Company MN owned about 0.13% of Amkor Technology worth $7,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Amkor Technology by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company’s stock worth $402,414,000 after buying an additional 1,092,002 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Amkor Technology by 15.8% during the 4th quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company’s stock worth $104,853,000 after acquiring an additional 556,761 shares during the period. American Century Companies Inc. raised its position in shares of Amkor Technology by 24.4% during the 4th quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company’s stock valued at $69,594,000 after acquiring an additional 530,771 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Amkor Technology by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company’s stock valued at $54,209,000 after purchasing an additional 15,211 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Amkor Technology by 6.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,006,273 shares of the semiconductor company’s stock worth $51,541,000 after purchasing an additional 127,361 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and decreased their price target for the company from $34.00 to $30.00 in a report on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective on shares of Amkor Technology in a report on Tuesday, February 11th. B. Riley dropped their target price on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Melius Research cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Amkor Technology in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.50.

Amkor Technology Stock Down 1.1 %

Shares of AMKR stock opened at $15.97 on Friday. The firm’s fifty day moving average price is $19.34 and its two-hundred day moving average price is $24.25. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $44.86. The firm has a market capitalization of $3.95 billion, a P/E ratio of 11.17 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. On average, equities analysts predict 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 was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were paid a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, March 13th. Amkor Technology’s dividend payout ratio is currently 23.08%.

Insider Transactions at Amkor Technology

In related news, EVP Kevin Engel sold 5,489 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 1,388 shares of the company’s stock, valued at approximately $30,105.72. The trade was a 79.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were 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 $218,956,009.50. This represents a 7.98 % decrease in their position. The disclosure for this sale can be found here. 26.90% of the stock is owned by company insiders.

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.