Wells Fargo & Company MN Has $7.97 Million Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Wells Fargo & Company MN boosted its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 19.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 310,126 shares of the semiconductor company's stock after purchasing an additional 50,347 shares during the period. Wells Fargo & Company MN owned about 0.13% of Amkor Technology worth $7,967,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMKR. SBI Securities Co. Ltd. acquired a new position in shares of Amkor Technology in the fourth quarter worth $27,000. Jones Financial Companies Lllp grew its stake in Amkor Technology by 353.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 1,160 shares in the last quarter. Blue Trust Inc. increased its position in Amkor Technology by 36.9% in the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 922 shares during the last quarter. 1620 Investment Advisors Inc. raised its stake in shares of Amkor Technology by 24.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company's stock worth $122,000 after purchasing an additional 942 shares in the last quarter. Finally, Ulland Investment Advisors LLC lifted its holdings in shares of Amkor Technology by 168.3% during the 4th quarter. Ulland Investment Advisors LLC now owns 7,190 shares of the semiconductor company's stock valued at $185,000 after buying an additional 4,510 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Stock Performance

Shares of NASDAQ AMKR traded up $0.84 during trading hours on Wednesday, hitting $16.80. 325,772 shares of the company's stock were exchanged, compared to its average volume of 1,723,255. The company's 50-day moving average price is $18.99 and its 200-day moving average price is $23.92. Amkor Technology, Inc. has a 1-year low of $14.03 and a 1-year high of $44.86. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 11.75 and a beta of 1.88. 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 announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. On average, sell-side analysts expect that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were paid a $0.0827 dividend. This represents a $0.33 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Thursday, March 13th. Amkor Technology's payout ratio is presently 23.08%.

Analyst Upgrades and Downgrades

AMKR has been the topic of a number of research reports. Needham & Company LLC restated a "buy" rating and issued a $34.00 price objective on shares of Amkor Technology in a report on Tuesday, February 11th. KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on shares of Amkor Technology from $42.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley reduced their price target on Amkor Technology from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Finally, Melius Research lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $31.50.

Insider Buying and Selling

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 shares were sold at an average price of $21.69, for a total value of $119,056.41. Following the sale, the executive vice president now owns 1,388 shares of the company's stock, valued at $30,105.72. The trade was a 79.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction dated 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 in the company, valued at approximately $218,956,009.50. This trade represents a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.90% of the stock is owned by company insiders.

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.