Diversified Trust Co Takes $491,000 Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Diversified Trust Co acquired a new position in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,184 shares of the semiconductor company's stock, valued at approximately $491,000.

Several other large investors have also added to or reduced their stakes in AMKR. Geode Capital Management LLC lifted its position in Amkor Technology by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company's stock worth $54,209,000 after buying an additional 15,211 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Amkor Technology during the fourth quarter valued at approximately $5,666,000. SG Americas Securities LLC boosted its holdings in shares of Amkor Technology by 218.8% in the 1st quarter. SG Americas Securities LLC now owns 59,266 shares of the semiconductor company's stock valued at $1,070,000 after buying an additional 40,676 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Amkor Technology by 353.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after buying an additional 1,160 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in Amkor Technology by 131.9% during the fourth quarter. Intech Investment Management LLC now owns 22,664 shares of the semiconductor company's stock worth $582,000 after acquiring an additional 12,892 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Amkor Technology Price Performance

Shares of AMKR stock traded down $0.30 during trading on Friday, hitting $22.00. The company had a trading volume of 824,796 shares, compared to its average volume of 1,806,626. The firm has a market capitalization of $5.44 billion, a P/E ratio of 17.19 and a beta of 1.85. Amkor Technology, Inc. has a one year low of $14.03 and a one year high of $44.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.83 and a current ratio of 2.06. The stock's 50-day moving average price is $19.46 and its 200 day moving average price is $20.92.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09. The firm 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 EPS. Equities analysts expect that Amkor Technology, Inc. will post 1.47 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th were given a $0.0827 dividend. This represents a $0.33 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, June 5th. Amkor Technology's payout ratio is presently 25.78%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMKR. DA Davidson cut their target price on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley reduced their target price on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Needham & Company LLC decreased their target price on Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. KeyCorp reaffirmed a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. Finally, B. Riley downgraded shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $28.00.

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.