SG Americas Securities LLC Has $478,000 Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

SG Americas Securities LLC boosted its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 70.3% in the fourth quarter, Holdings Channel reports. The fund owned 18,590 shares of the semiconductor company’s stock after acquiring an additional 7,677 shares during the period. SG Americas Securities LLC’s holdings in Amkor Technology were worth $478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of Amkor Technology by 24,383.3% during the 3rd quarter. Pacer Advisors Inc. now owns 3,787,565 shares of the semiconductor company’s stock worth $115,899,000 after purchasing an additional 3,772,095 shares during the last quarter. State Street Corp increased its position in Amkor Technology by 5.6% in the 3rd quarter. State Street Corp now owns 3,355,817 shares of the semiconductor company’s stock worth $102,688,000 after buying an additional 176,528 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Amkor Technology by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,094,296 shares of the semiconductor company’s stock worth $64,101,000 after buying an additional 131,106 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Amkor Technology by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,878,912 shares of the semiconductor company’s stock valued at $57,495,000 after acquiring an additional 88,226 shares during the period. Finally, FMR LLC grew its stake in shares of Amkor Technology by 35.7% in the third quarter. FMR LLC now owns 1,555,392 shares of the semiconductor company’s stock worth $47,595,000 after acquiring an additional 409,241 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMKR has been the subject of several research analyst reports. Morgan Stanley cut their target price on shares of Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. The Goldman Sachs Group reduced their target price on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. Melius Research lowered Amkor Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their price target on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, DA Davidson decreased their price objective on Amkor Technology from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.50.

Amkor Technology Stock Performance

Shares of NASDAQ:AMKR opened at $24.61 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. The business’s fifty day moving average price is $25.98 and its two-hundred day moving average price is $29.06. Amkor Technology, Inc. has a fifty-two week low of $23.36 and a fifty-two week high of $44.86. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 16.63 and a beta of 1.83.

Amkor Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were given a dividend of $0.0827 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology’s dividend payout ratio (DPR) is 22.30%.

About Amkor Technology

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.