BNP Paribas Financial Markets Has $1.23 Million Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

BNP Paribas Financial Markets trimmed its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 59.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,936 shares of the semiconductor company's stock after selling 70,643 shares during the period. BNP Paribas Financial Markets' holdings in Amkor Technology were worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in Amkor Technology by 99.5% in the 3rd quarter. Barclays PLC now owns 405,400 shares of the semiconductor company's stock valued at $12,406,000 after purchasing an additional 202,218 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Amkor Technology by 34.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 8,862 shares of the semiconductor company's stock valued at $228,000 after purchasing an additional 2,255 shares in the last quarter. Merit Financial Group LLC lifted its holdings in Amkor Technology by 34.4% in the 4th quarter. Merit Financial Group LLC now owns 13,722 shares of the semiconductor company's stock valued at $353,000 after purchasing an additional 3,513 shares in the last quarter. Ulland Investment Advisors LLC lifted its holdings in Amkor Technology by 168.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 7,190 shares of the semiconductor company's stock valued at $185,000 after purchasing an additional 4,510 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Amkor Technology by 1,128.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,950 shares of the semiconductor company's stock valued at $256,000 after purchasing an additional 9,140 shares in the last quarter. 42.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMKR has been the topic of a number of recent research reports. DA Davidson reduced their target price on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. KeyCorp restated a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. B. Riley lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Needham & Company LLC reduced their target price 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, JPMorgan Chase & Co. reduced their target price on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $28.00.

Insider Buying and Selling

In other news, major shareholder Agnes C. Kim sold 869,565 shares of the firm's 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 transaction, the insider now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin Engel sold 5,489 shares of Amkor Technology stock in a transaction dated 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 in the company, valued at approximately $30,105.72. The trade was a 79.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.90% of the stock is currently owned by company insiders.

Amkor Technology Trading Down 2.4%

AMKR traded down $0.44 on Friday, reaching $18.27. 1,474,220 shares of the company's stock were exchanged, compared to its average volume of 1,826,221. The company's 50 day moving average is $17.78 and its 200-day moving average is $22.16. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 12.78 and a beta of 1.86. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $44.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11.

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

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be paid a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, June 5th. Amkor Technology's dividend payout ratio (DPR) is presently 25.78%.

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.