Hsbc Holdings PLC Has $8.59 Million Position in Amkor Technology, Inc. $AMKR

Hsbc Holdings PLC lifted its stake in Amkor Technology, Inc. (NASDAQ:AMKR) by 1,381.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 214,876 shares of the semiconductor company’s stock after acquiring an additional 200,369 shares during the quarter. Hsbc Holdings PLC’s holdings in Amkor Technology were worth $8,593,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc grew its stake in Amkor Technology by 91.2% in the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 447 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Amkor Technology by 180.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 440 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of Amkor Technology by 38.8% during the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 262 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Amkor Technology by 61.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 854 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its holdings in shares of Amkor Technology by 83.5% during the 3rd quarter. FNY Investment Advisers LLC now owns 1,472 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 670 shares during the last quarter. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on AMKR. Wall Street Zen downgraded Amkor Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Morgan Stanley lifted their target price on shares of Amkor Technology from $45.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Needham & Company LLC boosted their target price on shares of Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. The Goldman Sachs Group increased their price target on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Finally, UBS Group restated a “neutral” rating and set a $80.00 price target on shares of Amkor Technology in a report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $69.88.

Insiders Place Their Bets

In related news, Director Roger Anthony Carolin sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $76.24, for a total transaction of $1,524,800.00. Following the completion of the transaction, the director owned 94,409 shares of the company’s stock, valued at approximately $7,197,742.16. The trade was a 17.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gil C. Tily sold 15,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $77.30, for a total value of $1,159,500.00. Following the sale, the director owned 108,806 shares of the company’s stock, valued at approximately $8,410,703.80. The trade was a 12.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 119,000 shares of company stock valued at $8,928,600 in the last ninety days. Company insiders own 26.40% of the company’s stock.

Amkor Technology Trading Down 8.1%

NASDAQ:AMKR opened at $78.72 on Friday. Amkor Technology, Inc. has a 12 month low of $20.59 and a 12 month high of $96.68. The firm has a market cap of $19.51 billion, a price-to-earnings ratio of 44.98 and a beta of 2.25. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $74.59 and its 200-day moving average is $56.80.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.10. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the firm earned $0.09 EPS. Amkor Technology’s quarterly revenue was up 27.5% compared to the same quarter last year. Equities analysts anticipate that Amkor Technology, Inc. will post 2.08 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd were issued a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, June 3rd. Amkor Technology’s dividend payout ratio is 18.86%.

Amkor Technology Company Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.