Charles Schwab Investment Management Inc. Acquires 127,361 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Charles Schwab Investment Management Inc. boosted its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,006,273 shares of the semiconductor company's stock after acquiring an additional 127,361 shares during the period. Charles Schwab Investment Management Inc. owned 0.81% of Amkor Technology worth $51,541,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMKR. Pacer Advisors Inc. increased its position in shares of Amkor Technology by 24,383.3% in the third quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company's stock worth $115,899,000 after purchasing an additional 3,772,095 shares during the period. State Street Corp grew its stake in Amkor Technology by 5.6% during the third quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company's stock worth $102,688,000 after buying an additional 176,528 shares in the last quarter. Geode Capital Management LLC increased its holdings in Amkor Technology by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company's stock valued at $64,101,000 after buying an additional 131,106 shares during the period. Principal Financial Group Inc. raised its position in shares of Amkor Technology by 44.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,972,293 shares of the semiconductor company's stock valued at $50,665,000 after buying an additional 611,209 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Amkor Technology by 20.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,605,889 shares of the semiconductor company's stock worth $41,255,000 after acquiring an additional 274,300 shares during the period. 42.76% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMKR. Melius cut shares of Amkor Technology from a "buy" rating to a "hold" rating and decreased their price objective for the company from $34.00 to $30.00 in a research note on Monday, January 6th. Needham & Company LLC reiterated a "buy" rating and issued a $34.00 target price on shares of Amkor Technology in a research 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 for the company in a report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their price objective on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. Finally, Melius Research cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $31.50.

Insider Activity

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the sale, the insider now owns 10,020,870 shares of the company's stock, valued at approximately $218,956,009.50. This represents a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the executive vice president now directly owns 1,388 shares of the company's stock, valued at approximately $30,105.72. This trade represents a 79.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.40% of the company's stock.

Amkor Technology Trading Down 0.1 %

Shares of Amkor Technology stock traded down $0.02 during trading on Monday, hitting $19.59. The company's stock had a trading volume of 2,441,216 shares, compared to its average volume of 1,462,312. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 13.70 and a beta of 1.88. Amkor Technology, Inc. has a 52 week low of $18.87 and a 52 week high of $44.86. The stock has a 50-day moving average price of $23.32 and a two-hundred day moving average price of $26.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating 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%. Equities research analysts anticipate 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 will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th will be given a $0.0827 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.69%. Amkor Technology's dividend payout ratio (DPR) is currently 23.08%.

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.