M&T Bank Corp Acquires 14,236 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

M&T Bank Corp lifted its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 36.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,816 shares of the semiconductor company's stock after buying 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 have also made changes to their positions in AMKR. UMB Bank n.a. lifted its stake in shares of Amkor Technology by 677.0% in the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock valued at $32,000 after buying an additional 1,530 shares during the period. Jones Financial Companies Lllp lifted its stake in Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 1,160 shares during the period. Bessemer Group Inc. lifted its stake in Amkor Technology by 421.0% during the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 1,242 shares during the period. Hurley Capital LLC bought a new position in Amkor Technology during the fourth quarter worth about $43,000. Finally, Versant Capital Management Inc lifted its stake in Amkor Technology by 467.7% during the first quarter. Versant Capital Management Inc now owns 3,009 shares of the semiconductor company's stock worth $54,000 after purchasing an additional 2,479 shares during the period. Institutional investors own 42.76% of the company's stock.

Amkor Technology Trading Down 0.8%

Shares of AMKR stock traded down $0.17 on Friday, hitting $21.47. The stock had a trading volume of 416,379 shares, compared to its average volume of 1,801,643. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $42.12. The firm has a market cap of $5.30 billion, a P/E ratio of 16.76 and a beta of 1.85. The company has a current ratio of 2.06, a quick ratio of 1.83 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $20.19 and a two-hundred day moving average price of $20.66.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. Amkor Technology had a net margin of 5.04% and a return on equity of 7.60%. The firm's revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. As a group, analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were given a dividend of $0.0827 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.33 annualized dividend and a yield of 1.54%. Amkor Technology's dividend payout ratio (DPR) is presently 25.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMKR shares. DA Davidson cut their target price 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. Needham & Company LLC cut their target price on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" 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 research note on Thursday, April 17th. Morgan Stanley cut their target price on shares of 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. Finally, JPMorgan Chase & Co. lowered their price target on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Amkor Technology currently has a consensus rating of "Hold" and an average price target of $26.50.

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.