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

KBC Group NV trimmed its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 31.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,579 shares of the semiconductor company's stock after selling 32,291 shares during the period. KBC Group NV's holdings in Amkor Technology were worth $1,293,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in shares of Amkor Technology by 20.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,605,889 shares of the semiconductor company's stock valued at $41,255,000 after acquiring an additional 274,300 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Amkor Technology during the fourth quarter valued at approximately $310,000. Jones Financial Companies Lllp raised its holdings in Amkor Technology by 353.7% in 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. SBI Securities Co. Ltd. bought a new position in shares of Amkor Technology during the fourth quarter worth $27,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Amkor Technology by 6.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,006,273 shares of the semiconductor company's stock worth $51,541,000 after purchasing an additional 127,361 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Needham & Company LLC dropped their price objective on Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock 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. KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. DA Davidson dropped their price objective 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. Finally, Morgan Stanley reduced 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. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Amkor Technology has a consensus rating of "Hold" and a consensus target price of $28.00.

Amkor Technology Stock Down 3.6%

Amkor Technology stock traded down $0.79 during mid-day trading on Monday, reaching $21.44. The company's stock had a trading volume of 1,544,912 shares, compared to its average volume of 1,807,556. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.83 and a current ratio of 2.06. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $44.86. The business's 50 day simple moving average is $19.46 and its 200 day simple moving average is $20.86. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 16.75 and a beta of 1.85.

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

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th were paid a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Thursday, June 5th. Amkor Technology's dividend payout ratio is currently 25.78%.

About Amkor Technology

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.