BNP Paribas Financial Markets Has $3.63 Million Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

BNP Paribas Financial Markets increased its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 510.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,579 shares of the semiconductor company's stock after purchasing an additional 99,143 shares during the period. BNP Paribas Financial Markets' holdings in Amkor Technology were worth $3,629,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in Amkor Technology by 35.7% during the 3rd quarter. FMR LLC now owns 1,555,392 shares of the semiconductor company's stock worth $47,595,000 after acquiring an additional 409,241 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Amkor Technology by 5.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 105,521 shares of the semiconductor company's stock valued at $3,229,000 after purchasing an additional 5,307 shares during the period. West Tower Group LLC grew its holdings in Amkor Technology by 100.0% in the 3rd quarter. West Tower Group LLC now owns 4,000 shares of the semiconductor company's stock valued at $122,000 after buying an additional 2,000 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in Amkor Technology by 162.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 194,000 shares of the semiconductor company's stock worth $5,936,000 after buying an additional 120,208 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Amkor Technology during the third quarter worth approximately $1,566,000. Institutional investors and hedge funds own 42.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. DA Davidson reduced their target price 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. KeyCorp reduced their target price on Amkor Technology from $38.00 to $34.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. StockNews.com downgraded shares of Amkor Technology from a "buy" rating to a "hold" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their target price on shares of Amkor Technology from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Finally, Needham & Company LLC cut their price target on shares of Amkor Technology from $45.00 to $34.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.29.

Insider Buying and Selling at Amkor Technology

In other news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the transaction, the chief executive officer now directly owns 204,971 shares of the company's stock, valued at $6,458,636.21. This trade represents a 4.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 31.40% of the company's stock.

Amkor Technology Trading Down 2.0 %

NASDAQ:AMKR traded down $0.53 on Thursday, hitting $26.01. 1,209,999 shares of the stock were exchanged, compared to its average volume of 1,316,127. 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, Inc. has a 52 week low of $24.10 and a 52 week high of $44.86. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 17.93 and a beta of 1.84. The company's 50-day moving average price is $28.18 and its 200 day moving average price is $32.33.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Amkor Technology had a return on equity of 8.98% and a net margin of 5.68%. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share. On average, equities research analysts forecast that Amkor Technology, Inc. will post 1.42 earnings per share for the current year.

Amkor Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 4th will be paid a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.27%. This is a boost from Amkor Technology's previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, December 4th. Amkor Technology's dividend payout ratio is presently 20.95%.

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.