Amkor Technology, Inc. (NASDAQ:AMKR) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 76.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,175 shares of the semiconductor company's stock after selling 113,192 shares during the quarter. Hsbc Holdings PLC's holdings in Amkor Technology were worth $879,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Covea Finance boosted its stake in shares of Amkor Technology by 47.1% during the fourth quarter. Covea Finance now owns 62,500 shares of the semiconductor company's stock valued at $1,606,000 after acquiring an additional 20,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Amkor Technology by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company's stock worth $54,209,000 after purchasing an additional 15,211 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Amkor Technology during the fourth quarter worth about $5,666,000. Blue Trust Inc. lifted its stake in shares of Amkor Technology by 36.9% during the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after buying an additional 922 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Amkor Technology by 212.6% during the third quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock worth $41,647,000 after acquiring an additional 925,644 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. B. Riley downgraded Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 21st. DA Davidson lowered their price target on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Needham & Company LLC cut their price objective on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Morgan Stanley decreased 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 research report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $28.00.

Amkor Technology Trading Up 2.1 %

Shares of AMKR stock traded up $0.38 during mid-day trading on Thursday, reaching $18.00. The company's stock had a trading volume of 1,481,579 shares, compared to its average volume of 1,775,268. 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 capitalization of $4.45 billion, a PE ratio of 12.59 and a beta of 1.86. The company's 50 day simple moving average is $17.95 and its 200-day simple moving average is $22.97. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $44.86.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company posted $0.24 earnings per share. The firm's revenue was down 3.2% compared to the same quarter last year. On average, research analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 13th were paid a dividend of $0.0827 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.84%. Amkor Technology's dividend payout ratio is currently 25.78%.

Insider Transactions at Amkor Technology

In other news, EVP Kevin Engel sold 5,489 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $21.69, for a total transaction of $119,056.41. Following the completion of the sale, the executive vice president now owns 1,388 shares of the company's stock, valued at approximately $30,105.72. This trade represents a 79.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Agnes C. Kim sold 869,565 shares of Amkor Technology stock in a transaction on Monday, February 24th. The stock was sold at an average price of $21.85, for a total transaction of $18,999,995.25. Following the completion of the sale, the insider now owns 10,020,870 shares of the company's stock, valued at approximately $218,956,009.50. This trade represents a 7.98 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 26.90% of the company's stock.

About Amkor Technology

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.