JPMorgan Chase & Co. Sells 133,713 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

JPMorgan Chase & Co. decreased its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 35.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,133 shares of the semiconductor company's stock after selling 133,713 shares during the period. JPMorgan Chase & Co. owned approximately 0.10% of Amkor Technology worth $7,593,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in Amkor Technology by 8.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,188 shares of the semiconductor company's stock valued at $168,000 after acquiring an additional 333 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Amkor Technology by 1.7% during the 3rd quarter. Ritholtz Wealth Management now owns 21,717 shares of the semiconductor company's stock valued at $665,000 after purchasing an additional 357 shares during the last quarter. Larson Financial Group LLC raised its position in Amkor Technology by 46.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company's stock worth $56,000 after purchasing an additional 580 shares during the period. Highland Capital Management LLC raised its position in Amkor Technology by 10.9% in the 3rd quarter. Highland Capital Management LLC now owns 7,332 shares of the semiconductor company's stock worth $224,000 after purchasing an additional 720 shares during the period. Finally, Freedom Investment Management Inc. lifted its stake in Amkor Technology by 5.4% in the third quarter. Freedom Investment Management Inc. now owns 15,476 shares of the semiconductor company's stock worth $474,000 after purchasing an additional 792 shares during the last quarter. Institutional investors own 42.76% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Amkor Technology from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. StockNews.com cut Amkor Technology from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. Melius Research downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. DA Davidson dropped 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 report on Tuesday, October 29th. Finally, The Goldman Sachs Group dropped their target price on shares of Amkor Technology from $36.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $35.50.

Amkor Technology Stock Down 0.1 %

Shares of NASDAQ:AMKR traded down $0.03 during trading on Wednesday, hitting $25.28. The stock had a trading volume of 1,731,317 shares, compared to its average volume of 1,051,651. The company has a quick ratio of 1.84, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. Amkor Technology, Inc. has a 12 month low of $24.10 and a 12 month high of $44.86. The company has a market capitalization of $6.23 billion, a PE ratio of 17.08 and a beta of 1.83. The firm's fifty day moving average is $26.24 and its 200 day moving average is $30.46.

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

Amkor Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 4th were issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Wednesday, December 4th. This is a boost from Amkor Technology's previous quarterly dividend of $0.08. Amkor Technology's dividend payout ratio is 22.30%.

About Amkor Technology

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.