Charles Schwab Investment Management Inc. Purchases 127,361 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Charles Schwab Investment Management Inc. grew its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 6.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,006,273 shares of the semiconductor company’s stock after acquiring an additional 127,361 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.81% of Amkor Technology worth $51,541,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Amkor Technology during the 4th quarter valued at $27,000. Jones Financial Companies Lllp lifted its position in shares of Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 1,160 shares during the period. Larson Financial Group LLC lifted its position in shares of Amkor Technology by 46.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $56,000 after acquiring an additional 580 shares during the period. Quarry LP lifted its position in shares of Amkor Technology by 421.8% during the 3rd quarter. Quarry LP now owns 3,136 shares of the semiconductor company’s stock valued at $96,000 after acquiring an additional 2,535 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Amkor Technology by 36.9% during the 4th quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 922 shares during the period. 42.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMKR shares. Morgan Stanley cut their target price on Amkor Technology from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC reissued a “buy” rating and set a $34.00 price target on shares of Amkor Technology in a report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their price target on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and lowered their price target for the stock from $34.00 to $30.00 in a report on Monday, January 6th. Finally, B. Riley lowered their price target on Amkor Technology from $38.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Amkor Technology presently has a consensus rating of “Hold” and an average target price of $31.50.

Amkor Technology Trading Down 2.2 %

Shares of AMKR stock opened at $18.99 on Friday. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 13.28 and a beta of 1.88. The stock has a 50-day moving average of $23.60 and a 200-day moving average of $26.72. The company has a current ratio of 2.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a 1-year low of $18.87 and a 1-year high of $44.86.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Amkor Technology had a return on equity of 8.59% and a net margin of 5.60%. On average, equities research analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 13th will be given a dividend of $0.0827 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.33 annualized dividend and a dividend yield of 1.74%. Amkor Technology’s payout ratio is 23.08%.

Insider Activity at Amkor Technology

In related news, EVP Kevin Engel sold 5,489 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $21.69, for a total transaction of $119,056.41. Following the sale, the executive vice president now owns 1,388 shares in the company, valued at $30,105.72. This represents a 79.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Agnes C. Kim sold 869,565 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $21.85, for a total value of $18,999,995.25. Following the sale, the insider now owns 10,020,870 shares in the company, valued at approximately $218,956,009.50. The trade was a 7.98 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is owned by corporate insiders.

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.