Amkor Technology, Inc. (NASDAQ:AMKR) Shares Acquired by M&T Bank Corp

M&T Bank Corp boosted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 36.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,816 shares of the semiconductor company’s stock after acquiring an additional 14,236 shares during the period. M&T Bank Corp’s holdings in Amkor Technology were worth $954,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AMKR. Jones Financial Companies Lllp lifted its holdings 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 worth $38,000 after acquiring an additional 1,160 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Amkor Technology during the fourth quarter worth $310,000. Raymond James Financial Inc. acquired a new position in Amkor Technology during the fourth quarter worth $5,666,000. Swiss National Bank boosted its position in shares of Amkor Technology by 0.8% during the fourth quarter. Swiss National Bank now owns 218,100 shares of the semiconductor company’s stock worth $5,603,000 after buying an additional 1,800 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Amkor Technology by 8.6% in the fourth quarter. Royce & Associates LP now owns 426,548 shares of the semiconductor company’s stock valued at $10,958,000 after buying an additional 33,798 shares in the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on AMKR. JPMorgan Chase & Co. lowered their target price on Amkor Technology from $30.00 to $25.00 and set an “overweight” rating for the company in a report 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 report on Tuesday, April 29th. Morgan Stanley reduced their target price on shares of Amkor Technology from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. DA Davidson dropped their price target 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. Finally, KeyCorp reiterated a “sector weight” rating on shares of Amkor Technology in a research note on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.50.

Amkor Technology Stock Down 2.5%

Shares of NASDAQ AMKR opened at $21.32 on Tuesday. The business has a 50-day moving average of $19.89 and a two-hundred day moving average of $20.71. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 16.66 and a beta of 1.85. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $44.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.83.

Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th were issued a $0.0827 dividend. This represents a $0.33 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, June 5th. Amkor Technology’s payout ratio is currently 25.78%.

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.