Swiss National Bank Has $5.60 Million Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Swiss National Bank increased its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 218,100 shares of the semiconductor company’s stock after acquiring an additional 1,800 shares during the period. Swiss National Bank’s holdings in Amkor Technology were worth $5,603,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. acquired a new stake in shares of Amkor Technology in the fourth quarter worth $2,821,000. Raymond James Financial Inc. acquired a new stake in Amkor Technology during the 4th quarter worth about $5,666,000. Proficio Capital Partners LLC purchased a new position in Amkor Technology during the 4th quarter valued at about $310,000. M&T Bank Corp increased its holdings in shares of Amkor Technology by 6.5% in the 4th quarter. M&T Bank Corp now owns 38,580 shares of the semiconductor company’s stock valued at $991,000 after purchasing an additional 2,369 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Amkor Technology by 6.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,006,273 shares of the semiconductor company’s stock worth $51,541,000 after purchasing an additional 127,361 shares in the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amkor Technology

In related news, EVP Kevin Engel sold 5,489 shares of Amkor Technology 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 transaction, the executive vice president now owns 1,388 shares in the company, valued at $30,105.72. This trade represents a 79.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of the company’s 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 of the company’s stock, valued at $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. 31.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on AMKR. B. Riley lowered their price objective on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and set a $34.00 price target on shares of Amkor Technology in a report on Tuesday, February 11th. JPMorgan Chase & Co. cut their price objective on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Melius lowered Amkor Technology from a “buy” rating to a “hold” rating and dropped their target price for the stock from $34.00 to $30.00 in a research report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.50.

Amkor Technology Stock Performance

Amkor Technology stock opened at $19.42 on Monday. Amkor Technology, Inc. has a one year low of $18.87 and a one year high of $44.86. The company’s fifty day moving average price is $22.65 and its two-hundred day moving average price is $26.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 13.58 and a beta of 1.88.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. On average, analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share 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. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Thursday, March 13th. Amkor Technology’s dividend payout ratio is 23.08%.

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.