BNP Paribas Financial Markets Has $1.23 Million Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

BNP Paribas Financial Markets cut its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 59.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,936 shares of the semiconductor company’s stock after selling 70,643 shares during the period. BNP Paribas Financial Markets’ holdings in Amkor Technology were worth $1,231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Amkor Technology in the 4th quarter valued at $27,000. Jones Financial Companies Lllp increased its stake in shares of Amkor Technology by 353.7% in the 4th 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 during the last quarter. Bessemer Group Inc. increased its stake in shares of Amkor Technology by 421.0% in the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 1,242 shares during the last quarter. Hurley Capital LLC bought a new position in shares of Amkor Technology in the 4th quarter valued at $43,000. Finally, Blue Trust Inc. increased its stake in shares of Amkor Technology by 36.9% in the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 922 shares during the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amkor Technology

In other Amkor Technology news, major shareholder Agnes C. Kim sold 869,565 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $21.85, for a total value 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. The trade was a 7.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kevin Engel sold 5,489 shares of the company’s stock in a transaction dated 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 $30,105.72. This trade represents a 79.82% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 26.90% of the company’s stock.

Amkor Technology Trading Down 2.4%

Shares of AMKR stock opened at $19.26 on Tuesday. The firm has a market capitalization of $4.76 billion, a P/E ratio of 13.47 and a beta of 1.86. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month 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 stock’s fifty day simple moving average is $17.83 and its 200 day simple moving average is $22.39.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company posted $0.24 EPS. Amkor Technology’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be given a $0.0827 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.72%. Amkor Technology’s dividend payout ratio (DPR) is presently 25.78%.

Wall Street Analysts Forecast Growth

AMKR has been the topic of several recent analyst reports. Morgan Stanley decreased their price target on Amkor Technology from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. Needham & Company LLC dropped their price objective on shares of Amkor Technology from $34.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. KeyCorp reissued a “sector weight” rating on shares of Amkor Technology in a research note on Thursday, April 17th. B. Riley downgraded shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 21st. Finally, DA Davidson dropped their price objective on shares of Amkor Technology from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amkor Technology presently has an average rating of “Hold” and an average price target of $28.00.

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.