Handelsbanken Fonder AB Decreases Stock Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Handelsbanken Fonder AB reduced its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 46.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,876 shares of the semiconductor company's stock after selling 13,500 shares during the period. Handelsbanken Fonder AB's holdings in Amkor Technology were worth $287,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Amkor Technology in the fourth quarter valued at $27,000. UMB Bank n.a. grew its stake in shares of Amkor Technology by 677.0% in the 1st quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock worth $32,000 after buying an additional 1,530 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Amkor Technology by 353.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after buying an additional 1,160 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Amkor Technology by 421.0% during the 4th quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock valued at $39,000 after buying an additional 1,242 shares in the last quarter. Finally, Hurley Capital LLC bought a new position in shares of Amkor Technology in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 42.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. DA Davidson decreased their price objective on Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley reduced 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 note on Tuesday, April 29th. JPMorgan Chase & Co. dropped their price target on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. B. Riley downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Finally, KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a research note on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $28.00.

Amkor Technology Trading Down 0.6%

Shares of NASDAQ AMKR traded down $0.13 during trading hours on Tuesday, reaching $20.32. The stock had a trading volume of 1,307,245 shares, compared to its average volume of 1,877,967. Amkor Technology, Inc. has a 52-week low of $14.03 and a 52-week high of $44.86. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 15.98 and a beta of 1.83. The business's fifty day moving average price is $18.24 and its two-hundred day moving average price is $21.39. The company has a current ratio of 2.06, a quick ratio of 1.83 and a debt-to-equity ratio of 0.22.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The business's revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. Analysts expect 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. Stockholders of record on Thursday, June 5th will be given a $0.0827 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.33 annualized dividend and a dividend yield of 1.63%. Amkor Technology's payout ratio 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.