Handelsbanken Fonder AB Sells 13,500 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Handelsbanken Fonder AB cut its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 46.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,876 shares of the semiconductor company’s stock after selling 13,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Amkor Technology were worth $287,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co grew its holdings in Amkor Technology by 0.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company’s stock worth $2,313,000 after acquiring an additional 484 shares during the period. Robotti Robert boosted its position in shares of Amkor Technology by 0.3% during the 4th quarter. Robotti Robert now owns 215,837 shares of the semiconductor company’s stock valued at $5,545,000 after purchasing an additional 705 shares in the last quarter. New York State Teachers Retirement System grew its stake in Amkor Technology by 2.0% during the fourth quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company’s stock worth $1,020,000 after purchasing an additional 782 shares during the period. Merit Financial Group LLC increased its holdings in Amkor Technology by 6.4% in the first quarter. Merit Financial Group LLC now owns 14,595 shares of the semiconductor company’s stock worth $264,000 after purchasing an additional 873 shares in the last quarter. Finally, 1620 Investment Advisors Inc. increased its holdings in Amkor Technology by 24.6% in the fourth 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. Institutional investors own 42.76% of the company’s stock.

Amkor Technology Stock Performance

AMKR stock opened at $19.89 on Monday. 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 firm has a market cap of $4.91 billion, a PE ratio of 13.91 and a beta of 1.83. The business has a 50 day moving average of $18.13 and a 200-day moving average of $21.43. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $44.86.

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

Amkor Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, June 5th. Amkor Technology’s payout ratio is presently 25.78%.

Analyst Upgrades and Downgrades

AMKR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on Amkor Technology from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, April 29th. Needham & Company LLC cut their target price on shares of Amkor Technology from $34.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley decreased their price target on shares of Amkor Technology from $24.00 to $19.00 and set an “equal weight” 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 report on Thursday, April 17th. Finally, B. Riley lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 21st. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.