Wellington Management Group LLP Increases Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Wellington Management Group LLP lifted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 34.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,529,348 shares of the semiconductor company's stock after buying an additional 395,242 shares during the period. Wellington Management Group LLP owned about 0.62% of Amkor Technology worth $39,289,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Highland Capital Management LLC increased its holdings in shares of Amkor Technology by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 7,814 shares of the semiconductor company's stock worth $201,000 after buying an additional 482 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Amkor Technology by 0.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company's stock worth $2,313,000 after buying an additional 484 shares during the last quarter. Robotti Robert increased its holdings in shares of Amkor Technology by 0.3% in the 4th quarter. Robotti Robert now owns 215,837 shares of the semiconductor company's stock worth $5,545,000 after buying an additional 705 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Amkor Technology by 2.0% during the 4th quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company's stock valued at $1,020,000 after purchasing an additional 782 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its holdings in Amkor Technology by 0.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company's stock valued at $2,461,000 after purchasing an additional 785 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMKR. B. Riley downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. 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 report on Tuesday, April 29th. Morgan Stanley cut their price target on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. cut their price target on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a report on Tuesday, April 29th. Finally, DA Davidson cut their price target on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Amkor Technology presently has an average rating of "Hold" and an average target price of $28.00.

Amkor Technology Trading Up 1.4%

Amkor Technology stock traded up $0.27 during trading hours on Wednesday, hitting $19.14. The company had a trading volume of 455,797 shares, compared to its average volume of 1,851,580. The firm has a market cap of $4.73 billion, a P/E ratio of 13.38 and a beta of 1.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 2.11. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $44.86. The company has a 50-day moving average price of $17.65 and a two-hundred day moving average price of $21.81.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the company earned $0.24 EPS. The firm's quarterly revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be given a $0.0827 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.33 annualized dividend and a dividend yield of 1.73%. Amkor Technology's payout ratio is presently 25.78%.

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.