Hsbc Holdings PLC Increases Stock Holdings in Amkor Technology, Inc. $AMKR

Hsbc Holdings PLC raised its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 1,381.2% in the fourth quarter, HoldingsChannel reports. The firm owned 214,876 shares of the semiconductor company’s stock after buying 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 & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Royal Bank of Canada grew its position in Amkor Technology by 100.6% during the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock valued at $349,000 after buying an additional 3,454,012 shares during the period. Fisher Asset Management LLC raised its position in Amkor Technology by 204.5% in the fourth quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock worth $82,712,000 after acquiring an additional 1,407,109 shares during the period. Norges Bank purchased a new position in shares of Amkor Technology during the 4th quarter worth $53,702,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Amkor Technology by 305.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock worth $44,719,000 after acquiring an additional 1,186,313 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Amkor Technology by 38.3% during the 2nd quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock valued at $74,541,000 after acquiring an additional 985,727 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AMKR shares. Wall Street Zen lowered Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a report on Monday, April 20th. UBS Group restated a “neutral” rating and issued a $80.00 price target on shares of Amkor Technology in a research report on Tuesday, May 26th. The Goldman Sachs Group raised their price objective on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Finally, Needham & Company LLC raised their price objective on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Amkor Technology currently has an average rating of “Hold” and a consensus target price of $69.88.

Insiders Place Their Bets

In other news, Director Guillaume Marie Jean Rutten sold 50,000 shares of Amkor Technology stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $74.28, for a total transaction of $3,714,000.00. Following the sale, the director owned 502,558 shares in the company, valued at $37,330,008.24. This trade represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark N. Rogers sold 5,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $71.63, for a total transaction of $358,150.00. Following the completion of the transaction, the executive vice president directly owned 38,904 shares in the company, valued at $2,786,693.52. This trade represents a 11.39% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 119,000 shares of company stock worth $8,928,600 over the last ninety days. 26.40% of the stock is owned by company insiders.

Amkor Technology Price Performance

NASDAQ:AMKR opened at $66.91 on Thursday. The business’s 50-day simple moving average is $75.02 and its two-hundred day simple moving average is $58.61. Amkor Technology, Inc. has a 52 week low of $20.59 and a 52 week high of $96.68. The stock has a market cap of $16.58 billion, a PE ratio of 38.23 and a beta of 2.20. The company has a quick ratio of 1.74, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

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

Amkor Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were issued a $0.0835 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. Amkor Technology’s payout ratio is currently 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.