KBC Group NV Sells 32,291 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

KBC Group NV lessened its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 31.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,579 shares of the semiconductor company's stock after selling 32,291 shares during the quarter. KBC Group NV's holdings in Amkor Technology were worth $1,293,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of 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 valued at $54,209,000 after acquiring an additional 15,211 shares during the period. Raymond James Financial Inc. bought a new stake in Amkor Technology during the fourth quarter worth approximately $5,666,000. SG Americas Securities LLC boosted its holdings in Amkor Technology by 218.8% during the first quarter. SG Americas Securities LLC now owns 59,266 shares of the semiconductor company's stock worth $1,070,000 after buying an additional 40,676 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings 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 buying an additional 1,160 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings in Amkor Technology by 131.9% during the fourth quarter. Intech Investment Management LLC now owns 22,664 shares of the semiconductor company's stock worth $582,000 after buying an additional 12,892 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. KeyCorp restated a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. B. Riley cut 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 for the company in a report on Tuesday, April 29th. Morgan Stanley decreased their price objective 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. decreased their price objective 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. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Amkor Technology presently has a consensus rating of "Hold" and a consensus target price of $28.00.

Amkor Technology Stock Performance

AMKR traded down $0.30 during trading on Friday, hitting $22.00. The stock had a trading volume of 824,796 shares, compared to its average volume of 1,808,611. The firm has a market cap of $5.44 billion, a PE ratio of 17.19 and a beta of 1.85. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $44.86. 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 50 day simple moving average of $19.46 and a 200-day simple moving average of $20.89.

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

Amkor Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 5th were issued a $0.0827 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.33 annualized dividend and a yield of 1.50%. Amkor Technology's dividend payout ratio (DPR) is presently 25.78%.

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.