Bank of Montreal Can Purchases 1,346 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Bank of Montreal Can increased its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 8.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,995 shares of the semiconductor company’s stock after buying an additional 1,346 shares during the period. Bank of Montreal Can’s holdings in Amkor Technology were worth $462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covea Finance raised its stake in Amkor Technology by 47.1% during the 4th quarter. Covea Finance now owns 62,500 shares of the semiconductor company’s stock valued at $1,606,000 after purchasing an additional 20,000 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Amkor Technology in the fourth quarter worth about $5,666,000. Geode Capital Management LLC boosted its stake in Amkor Technology by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company’s stock valued at $54,209,000 after buying an additional 15,211 shares during the last quarter. Blue Trust Inc. increased its stake 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 acquiring an additional 922 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Amkor Technology by 212.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company’s stock valued at $41,647,000 after acquiring an additional 925,644 shares during the last quarter. 42.76% of the stock is owned by institutional investors.

Insider Transactions at Amkor Technology

In related news, major shareholder Agnes C. Kim sold 869,565 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $21.85, for a total value of $18,999,995.25. Following the completion of the transaction, the insider now directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kevin Engel sold 5,489 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total transaction of $119,056.41. Following the sale, the executive vice president now directly owns 1,388 shares in the company, valued at approximately $30,105.72. This represents a 79.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 26.90% of the company’s stock.

Amkor Technology Stock Performance

Shares of NASDAQ:AMKR opened at $15.89 on Tuesday. The firm has a 50 day moving average of $19.11 and a 200 day moving average of $23.98. 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 $3.93 billion, a price-to-earnings ratio of 11.11 and a beta of 1.88. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $44.86.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.43 earnings per share 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, sell-side analysts predict 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 was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th were issued a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 2.08%. The ex-dividend date was Thursday, March 13th. Amkor Technology’s dividend payout ratio is currently 23.08%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. KeyCorp restated a “sector weight” rating on shares of Amkor Technology in a research report on Thursday, April 17th. Morgan Stanley decreased their price objective on shares of Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and dropped their price objective for the company from $34.00 to $30.00 in a report on Monday, January 6th. B. Riley lowered their target price on shares of Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $31.50.

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.