JPMorgan Chase & Co. Sells 133,713 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

JPMorgan Chase & Co. decreased its position in Amkor Technology, Inc. (NASDAQ:AMKR) by 35.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 248,133 shares of the semiconductor company’s stock after selling 133,713 shares during the period. JPMorgan Chase & Co. owned approximately 0.10% of Amkor Technology worth $7,593,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in Amkor Technology during the second quarter worth approximately $40,000. Capital Performance Advisors LLP bought a new position in shares of Amkor Technology during the 3rd quarter worth approximately $39,000. Larson Financial Group LLC boosted its holdings 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 worth $56,000 after buying an additional 580 shares in the last quarter. Ulland Investment Advisors LLC acquired a new stake in shares of Amkor Technology during the 3rd quarter worth approximately $82,000. Finally, Quarry LP increased its stake in shares of Amkor Technology by 421.8% in 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 in the last quarter. Institutional investors own 42.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on AMKR shares. The Goldman Sachs Group cut their target price on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. StockNews.com downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. dropped their price target on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Melius cut Amkor Technology from a “buy” rating to a “hold” rating and reduced their price objective for the company from $34.00 to $30.00 in a research note on Monday, January 6th. Finally, KeyCorp decreased their price objective on Amkor Technology from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Amkor Technology has a consensus rating of “Hold” and a consensus target price of $35.50.

Amkor Technology Trading Down 0.4 %

Shares of AMKR stock opened at $25.31 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.84 and a current ratio of 2.06. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 17.10 and a beta of 1.83. Amkor Technology, Inc. has a 52-week low of $24.10 and a 52-week high of $44.86. The company has a 50-day simple moving average of $26.26 and a two-hundred day simple moving average of $30.57.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, October 28th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Research analysts anticipate that Amkor Technology, Inc. will post 1.42 EPS for the current fiscal year.

Amkor Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were issued a $0.0827 dividend. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Wednesday, December 4th. Amkor Technology’s payout ratio is 22.30%.

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.