Charles Schwab Investment Management Inc. Has $57.50 Million Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Charles Schwab Investment Management Inc. boosted its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,878,912 shares of the semiconductor company's stock after purchasing an additional 88,226 shares during the period. Charles Schwab Investment Management Inc. owned about 0.76% of Amkor Technology worth $57,495,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMKR. Lazard Asset Management LLC acquired a new position in Amkor Technology during the first quarter worth $326,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Amkor Technology by 1.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 106,466 shares of the semiconductor company's stock worth $3,434,000 after buying an additional 2,018 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Amkor Technology by 282.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 29,787 shares of the semiconductor company's stock valued at $960,000 after acquiring an additional 22,003 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Amkor Technology in the first quarter valued at about $584,000. Finally, Virtu Financial LLC bought a new stake in Amkor Technology during the first quarter worth about $504,000. Institutional investors and hedge funds own 42.76% of the company's stock.

Insider Buying and Selling

In other Amkor Technology news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of Amkor Technology stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the transaction, the chief executive officer now owns 204,971 shares in the company, valued at $6,458,636.21. The trade was a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 31.40% of the stock is currently owned by company insiders.

Amkor Technology Stock Performance

Shares of AMKR stock traded up $0.42 on Friday, hitting $26.44. The company's stock had a trading volume of 511,282 shares, compared to its average volume of 1,314,122. Amkor Technology, Inc. has a fifty-two week low of $24.10 and a fifty-two week high of $44.86. The company has a market capitalization of $6.52 billion, a PE ratio of 17.86 and a beta of 1.85. The stock's 50 day moving average is $28.41 and its 200-day moving average is $32.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the business posted $0.54 EPS. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. Equities research 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 declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, December 4th. This is an increase from Amkor Technology's previous quarterly dividend of $0.08. Amkor Technology's dividend payout ratio is 22.30%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMKR. StockNews.com downgraded Amkor Technology from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. decreased their target price on shares of Amkor Technology from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. The Goldman Sachs Group lowered their target price on shares of Amkor Technology from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, October 29th. DA Davidson cut their price target on shares of Amkor Technology from $40.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. Finally, Morgan Stanley lowered their price objective on shares of Amkor Technology from $35.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.29.

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.