35,034 Shares in Amkor Technology, Inc. (NASDAQ:AMKR) Acquired by First Hawaiian Bank

First Hawaiian Bank purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,034 shares of the semiconductor company's stock, valued at approximately $633,000.

Several other large investors have also made changes to their positions in AMKR. Vanguard Group Inc. raised its holdings in Amkor Technology by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company's stock worth $402,414,000 after purchasing an additional 1,092,002 shares during the last quarter. First Trust Advisors LP grew its position in shares of Amkor Technology by 7.9% during the 4th quarter. First Trust Advisors LP now owns 4,778,790 shares of the semiconductor company's stock worth $122,767,000 after buying an additional 350,809 shares during the period. Alliancebernstein L.P. raised its stake in shares of Amkor Technology by 15.8% during the fourth quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company's stock worth $104,853,000 after buying an additional 556,761 shares during the last quarter. American Century Companies Inc. boosted its stake in Amkor Technology by 24.4% in the fourth quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company's stock valued at $69,594,000 after acquiring an additional 530,771 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in 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 acquiring an additional 15,211 shares during the period. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Stock Performance

NASDAQ AMKR traded up $0.20 on Wednesday, hitting $19.07. 1,287,686 shares of the stock were exchanged, compared to its average volume of 1,858,622. The company has a market capitalization of $4.71 billion, a PE ratio of 13.34 and a beta of 1.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. The business's fifty day moving average is $17.67 and its 200 day moving average is $21.79. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $44.86.

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

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be paid a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Thursday, June 5th. Amkor Technology's dividend payout ratio (DPR) is presently 25.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. 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 research note on Tuesday, April 29th. Needham & Company LLC reduced their target price on Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley lowered their price target 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. KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. Finally, B. Riley lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.