Wellington Management Group LLP Purchases 395,242 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Wellington Management Group LLP increased its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 34.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,529,348 shares of the semiconductor company's stock after acquiring an additional 395,242 shares during the quarter. Wellington Management Group LLP owned 0.62% of Amkor Technology worth $39,289,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMKR. Norges Bank bought a new stake in Amkor Technology in the 4th quarter valued at about $32,479,000. Vanguard Group Inc. increased its stake in Amkor Technology by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company's stock valued at $402,414,000 after purchasing an additional 1,092,002 shares in the last quarter. Principal Financial Group Inc. increased its stake in Amkor Technology by 44.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,972,293 shares of the semiconductor company's stock valued at $50,665,000 after purchasing an additional 611,209 shares in the last quarter. Alliancebernstein L.P. increased its stake in Amkor Technology by 15.8% during the 4th quarter. Alliancebernstein L.P. now owns 4,081,481 shares of the semiconductor company's stock valued at $104,853,000 after purchasing an additional 556,761 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Amkor Technology by 24.4% during the 4th quarter. American Century Companies Inc. now owns 2,709,002 shares of the semiconductor company's stock valued at $69,594,000 after purchasing an additional 530,771 shares in the last quarter. Institutional investors own 42.76% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMKR. Needham & Company LLC dropped 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 report on Tuesday, April 29th. DA Davidson decreased their price objective on Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. JPMorgan Chase & Co. decreased their price target on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th. KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. Finally, B. Riley downgraded Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $28.00.

Amkor Technology Stock Performance

NASDAQ:AMKR traded up $0.76 during trading on Tuesday, reaching $18.87. The company's stock had a trading volume of 2,541,080 shares, compared to its average volume of 2,223,845. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 13.20 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. The firm has a 50 day moving average of $17.64 and a 200-day moving average of $21.83. Amkor Technology, Inc. has a 12 month low of $14.03 and a 12 month high of $44.86.

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

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.0827 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, June 5th. Amkor Technology's dividend payout ratio is currently 25.78%.

Amkor Technology Company 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.