Amkor Technology, Inc. (NASDAQ:AMKR) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. increased its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 15.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,081,481 shares of the semiconductor company’s stock after purchasing an additional 556,761 shares during the quarter. Alliancebernstein L.P.’s holdings in Amkor Technology were worth $104,853,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMKR. Vanguard Group Inc. lifted its holdings in shares of Amkor Technology by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company’s stock worth $402,414,000 after acquiring an additional 1,092,002 shares during the period. State Street Corp increased its position 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 purchasing an additional 176,528 shares during the last quarter. American Century Companies Inc. raised its stake in Amkor Technology by 24.4% during the fourth quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company’s stock worth $69,594,000 after purchasing an additional 530,771 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 131,106 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Amkor Technology by 6.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,006,273 shares of the semiconductor company’s stock valued at $51,541,000 after buying an additional 127,361 shares during the period. 42.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. 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. B. Riley decreased their target price on Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Morgan Stanley dropped their target price on shares of 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 cut shares of Amkor Technology from a “strong-buy” rating to a “hold” rating 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.50.

Amkor Technology Stock Up 2.9 %

Shares of NASDAQ:AMKR opened at $18.63 on Thursday. The company has a 50 day moving average of $21.53 and a two-hundred day moving average of $25.49. Amkor Technology, Inc. has a 52-week low of $17.60 and a 52-week high of $44.86. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 13.03 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, topping analysts’ consensus estimates of $0.37 by $0.06. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. As a group, analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th were issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, March 13th. Amkor Technology’s dividend payout ratio is currently 23.08%.

Insider Buying and Selling 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 completion of the sale, the executive vice president now owns 1,388 shares in the company, valued at approximately $30,105.72. The trade was a 79.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Agnes C. Kim sold 869,565 shares of the 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 transaction, the insider now owns 10,020,870 shares in the company, 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 insiders.

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.