Amkor Technology, Inc. (NASDAQ:AMKR) Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 263,998 shares of the semiconductor company's stock after acquiring an additional 15,865 shares during the period. JPMorgan Chase & Co. owned about 0.11% of Amkor Technology worth $6,782,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Highland Capital Management LLC boosted its position in shares of Amkor Technology by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company's stock worth $201,000 after acquiring an additional 482 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of Amkor Technology by 2.0% during the fourth quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company's stock worth $1,020,000 after purchasing an additional 782 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in Amkor Technology by 0.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company's stock worth $2,461,000 after acquiring an additional 785 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Amkor Technology by 36.9% in the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after purchasing an additional 922 shares during the period. Finally, 1620 Investment Advisors Inc. grew its holdings in Amkor Technology by 24.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company's stock valued at $122,000 after purchasing an additional 942 shares in the last quarter. Hedge funds and other institutional investors own 42.76% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMKR. Melius Research downgraded Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. B. Riley lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday. Needham & Company LLC reaffirmed a "buy" rating and issued a $34.00 target price on shares of Amkor Technology in a research report on Tuesday, February 11th. Melius downgraded shares of Amkor Technology from a "buy" rating to a "hold" rating and decreased their price target for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $31.50.

Amkor Technology Stock Performance

Shares of NASDAQ:AMKR traded up $0.07 on Tuesday, reaching $15.96. 1,787,964 shares of the company's stock were exchanged, compared to its average volume of 1,728,710. The business's 50-day moving average is $18.99 and its two-hundred day moving average is $23.92. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $44.86. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 11.16 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced 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%. As a group, equities research analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Cuts Dividend

The business also recently announced 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 payout ratio is 23.08%.

Insider Activity

In other Amkor Technology news, EVP Kevin Engel sold 5,489 shares of the business's 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 owns 1,388 shares in the company, valued at approximately $30,105.72. The trade was a 79.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of the 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 completion of the transaction, the insider now directly owns 10,020,870 shares of the company's stock, valued at approximately $218,956,009.50. The trade was a 7.98 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 26.90% of the company's stock.

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.