Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,483 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 8.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,447 shares of the semiconductor company’s stock after buying an additional 2,483 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Amkor Technology were worth $550,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. UG Investment Advisers Ltd. purchased a new stake in shares of Amkor Technology during the first quarter valued at approximately $21,057,000. Ceredex Value Advisors LLC boosted its stake in Amkor Technology by 30.8% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,821,700 shares of the semiconductor company’s stock valued at $46,799,000 after buying an additional 429,200 shares during the period. Wellington Management Group LLP raised its position in Amkor Technology by 34.9% during the fourth quarter. Wellington Management Group LLP now owns 1,529,348 shares of the semiconductor company’s stock valued at $39,289,000 after purchasing an additional 395,242 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Amkor Technology during the fourth quarter valued at about $9,549,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Amkor Technology by 110.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 674,785 shares of the semiconductor company’s stock valued at $17,335,000 after acquiring an additional 354,457 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors.

Amkor Technology Price Performance

Shares of AMKR opened at $22.21 on Thursday. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $33.85. The firm’s 50 day moving average price is $21.04 and its 200 day moving average price is $20.30. The company has a quick ratio of 1.70, a current ratio of 1.89 and a debt-to-equity ratio of 0.28. The company has a market cap of $5.49 billion, a P/E ratio of 18.06 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.42 billion. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. On average, research 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. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.33 annualized dividend and a dividend yield of 1.5%. Amkor Technology’s payout ratio is presently 26.83%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMKR shares. JPMorgan Chase & Co. upped their target price on Amkor Technology from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Needham & Company LLC upped their price objective on Amkor Technology from $22.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. KeyCorp reiterated a “sector weight” rating on shares of Amkor Technology in a research note on Thursday, April 17th. UBS Group upped their price objective on Amkor Technology from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Finally, DA Davidson cut their price target on 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.44.

Insider Activity

In related news, major shareholder John T. Kim acquired 441,589 shares of Amkor Technology stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of $21.85 per share, for a total transaction of $9,648,719.65. Following the completion of the purchase, the insider directly owned 3,789,479 shares of the company’s stock, valued at approximately $82,800,116.15. This trade represents a 13.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark N. Rogers sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $23.58, for a total transaction of $353,700.00. Following the completion of the sale, the executive vice president owned 23,862 shares of the company’s stock, valued at $562,665.96. This trade represents a 38.60% decrease in their position. The disclosure for this sale can be found here. Insiders own 26.90% of the company’s stock.

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.