Baird Financial Group Inc. Has $9.96 Million Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Baird Financial Group Inc. raised its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 387,582 shares of the semiconductor company's stock after acquiring an additional 15,550 shares during the period. Baird Financial Group Inc. owned approximately 0.16% of Amkor Technology worth $9,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Covea Finance boosted its position in Amkor Technology by 47.1% during the fourth quarter. Covea Finance now owns 62,500 shares of the semiconductor company's stock worth $1,606,000 after purchasing an additional 20,000 shares in the last quarter. Geode Capital Management LLC boosted its position in Amkor Technology by 0.7% during the fourth 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in Amkor Technology during the 4th quarter valued at $5,666,000. Blue Trust Inc. grew its holdings in Amkor Technology by 36.9% during the 4th 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 last quarter. Finally, Principal Financial Group Inc. grew its holdings in Amkor Technology by 212.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,361,084 shares of the semiconductor company's stock valued at $41,647,000 after buying an additional 925,644 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. DA Davidson lowered their target price on Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. B. Riley lowered Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. Morgan Stanley dropped their target price on 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. Needham & Company LLC dropped their target price on Amkor Technology from $34.00 to $22.00 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 given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $28.00.

Amkor Technology Stock Performance

AMKR stock traded up $0.42 during trading on Tuesday, reaching $20.05. 619,627 shares of the company's stock were exchanged, compared to its average volume of 1,788,897. The firm has a market cap of $4.95 billion, a PE ratio of 14.02 and a beta of 1.86. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a 1-year low of $14.03 and a 1-year high of $44.86. The company's fifty day moving average price is $17.83 and its 200-day moving average price is $22.64.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. The company's revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. On average, research analysts expect 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. Investors of record on Thursday, March 13th were given a dividend of $0.0827 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.33 dividend on an annualized basis and a yield of 1.65%. Amkor Technology's payout ratio is 25.78%.

Insider Activity at Amkor Technology

In other news, EVP Kevin Engel sold 5,489 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total value of $119,056.41. Following the transaction, the executive vice president now directly owns 1,388 shares of the company's stock, valued at $30,105.72. The trade was a 79.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 10,020,870 shares in the company, valued at $218,956,009.50. The trade was a 7.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 26.90% of the company's stock.

Amkor Technology 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.