220,571 Shares in Amkor Technology, Inc. (NASDAQ:AMKR) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 220,571 shares of the semiconductor company’s stock, valued at approximately $5,666,000. Raymond James Financial Inc. owned 0.09% of Amkor Technology as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AMKR. Neo Ivy Capital Management bought a new position in shares of Amkor Technology during the third quarter valued at about $930,000. Geode Capital Management LLC raised its position in Amkor Technology by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock valued at $64,101,000 after purchasing an additional 131,106 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in Amkor Technology by 162.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 194,000 shares of the semiconductor company’s stock worth $5,936,000 after buying an additional 120,208 shares during the period. Covea Finance grew its position in shares of Amkor Technology by 47.1% in the 4th quarter. Covea Finance now owns 62,500 shares of the semiconductor company’s stock worth $1,606,000 after buying an additional 20,000 shares during the last quarter. Finally, Holocene Advisors LP purchased a new position in shares of Amkor Technology during the third quarter valued at approximately $1,126,000. Institutional investors own 42.76% of the company’s stock.

Analyst Ratings Changes

AMKR has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price target on shares of Amkor Technology in a research note on Tuesday, February 11th. Melius Research lowered shares of Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $34.00 to $30.00 in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on Amkor Technology from $42.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Finally, B. Riley reduced their price target on Amkor Technology from $38.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Amkor Technology has a consensus rating of “Moderate Buy” and an average price target of $31.50.

Amkor Technology Stock Performance

Amkor Technology stock opened at $19.88 on Tuesday. Amkor Technology, Inc. has a twelve month low of $18.87 and a twelve month high of $44.86. The company has a quick ratio of 1.90, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.91 billion, a P/E ratio of 13.90 and a beta of 1.88. The stock’s 50 day moving average is $22.54 and its 200 day moving average is $25.99.

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

Amkor Technology Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 13th will be issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Thursday, March 13th. Amkor Technology’s payout ratio is 23.08%.

Insider Activity

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

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.