Royce & Associates LP Has $10.20 Million Stake in Amkor Technology, Inc. (NASDAQ:AMKR)

Key Points

• Royce & Associates LP increased its stake in Amkor Technology by 32.4% in Q1, owning 564,709 shares valued at approximately $10.2 million.
• Amkor Technology's most recent quarterly earnings showed an EPS of $0.09 and revenues of $1.32 billion, slightly exceeding analyst expectations.
• The company's quarterly dividend was recently declared at $0.0827 per share, yielding 1.56% annually, with a payout ratio of 25.78%.

Royce & Associates LP increased its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 32.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 564,709 shares of the semiconductor company's stock after buying an additional 138,161 shares during the quarter. Royce & Associates LP owned about 0.23% of Amkor Technology worth $10,199,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Oak Thistle LLC boosted its holdings in Amkor Technology by 153.8% in the first quarter. Oak Thistle LLC now owns 32,231 shares of the semiconductor company's stock valued at $582,000 after purchasing an additional 19,530 shares during the last quarter. Transce3nd LLC boosted its holdings in Amkor Technology by 5.8% in the first quarter. Transce3nd LLC now owns 15,817 shares of the semiconductor company's stock valued at $283,000 after purchasing an additional 864 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Amkor Technology by 129.9% in the first quarter. Victory Capital Management Inc. now owns 122,106 shares of the semiconductor company's stock valued at $2,205,000 after purchasing an additional 69,004 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Amkor Technology by 34.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 246,687 shares of the semiconductor company's stock worth $4,455,000 after acquiring an additional 63,615 shares during the period. Finally, Signaturefd LLC raised its position in shares of Amkor Technology by 90.2% in the first quarter. Signaturefd LLC now owns 5,367 shares of the semiconductor company's stock worth $97,000 after acquiring an additional 2,545 shares during the period. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Stock Up 0.1%

Shares of NASDAQ AMKR traded up $0.02 during midday trading on Friday, reaching $21.16. The company's stock had a trading volume of 1,233,494 shares, compared to its average volume of 1,509,258. The company has a current ratio of 2.06, a quick ratio of 1.83 and a debt-to-equity ratio of 0.22. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $39.48. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 16.53 and a beta of 1.85. The stock has a 50 day simple moving average of $20.41 and a 200-day simple moving average of $20.42.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Amkor Technology had a net margin of 5.04% and a return on equity of 7.60%. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share. Equities research analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Thursday, June 5th. Amkor Technology's payout ratio is 25.78%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMKR. DA Davidson reduced their price target on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. B. Riley cut shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 21st. Morgan Stanley reduced their target price on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. The Goldman Sachs Group initiated coverage on shares of Amkor Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $20.00 price target on the stock. Finally, Needham & Company LLC cut their price target on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $26.50.

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.