Amkor Technology, Inc. (NASDAQ:AMKR) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC raised its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 26.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 239,308 shares of the semiconductor company's stock after acquiring an additional 49,820 shares during the period. Cerity Partners LLC owned approximately 0.10% of Amkor Technology worth $4,322,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AMKR. UMB Bank n.a. grew its position in Amkor Technology by 677.0% during the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 1,530 shares during the period. Allworth Financial LP grew its position in Amkor Technology by 166.3% during the first quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 1,357 shares during the period. Bessemer Group Inc. grew its position in Amkor Technology by 421.0% during the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 1,242 shares during the period. Hurley Capital LLC acquired a new stake in Amkor Technology in the 4th quarter valued at $43,000. Finally, Versant Capital Management Inc raised its position in Amkor Technology by 467.7% in the first quarter. Versant Capital Management Inc now owns 3,009 shares of the semiconductor company's stock valued at $54,000 after purchasing an additional 2,479 shares during the period. Hedge funds and other institutional investors own 42.76% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on AMKR shares. DA Davidson reduced their price objective on Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. B. Riley cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. Morgan Stanley reduced their price objective on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. KeyCorp restated a "sector weight" rating on shares of Amkor Technology in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their price objective on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Amkor Technology currently has an average rating of "Hold" and an average price target of $26.50.

Amkor Technology Stock Down 0.6%

Shares of Amkor Technology stock traded down $0.13 during trading hours on Friday, hitting $21.51. 1,093,973 shares of the company's stock traded hands, compared to its average volume of 1,804,272. The stock has a 50 day simple moving average of $20.19 and a 200-day simple moving average of $20.66. The company has a quick ratio of 1.83, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The company has a market cap of $5.31 billion, a PE ratio of 16.80 and a beta of 1.85. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $42.12.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last announced its 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 the consensus estimate of $1.28 billion. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The company's revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 5th were paid a $0.0827 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a yield of 1.54%. Amkor Technology's dividend payout ratio (DPR) is 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.