KBC Group NV reduced its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 31.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,579 shares of the semiconductor company's stock after selling 32,291 shares during the quarter. KBC Group NV's holdings in Amkor Technology were worth $1,293,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its stake in shares of Amkor Technology by 0.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 90,081 shares of the semiconductor company's stock valued at $2,313,000 after purchasing an additional 484 shares during the period. Robotti Robert grew its stake in shares of Amkor Technology by 0.3% during the 4th quarter. Robotti Robert now owns 215,837 shares of the semiconductor company's stock valued at $5,545,000 after purchasing an additional 705 shares during the period. Merit Financial Group LLC grew its stake in shares of Amkor Technology by 6.4% during the 1st quarter. Merit Financial Group LLC now owns 14,595 shares of the semiconductor company's stock valued at $264,000 after purchasing an additional 873 shares during the period. 1620 Investment Advisors Inc. grew its stake in shares of Amkor Technology by 24.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 4,768 shares of the semiconductor company's stock valued at $122,000 after purchasing an additional 942 shares during the period. Finally, Meeder Asset Management Inc. lifted its position in shares of Amkor Technology by 7.8% during the 4th quarter. Meeder Asset Management Inc. now owns 14,444 shares of the semiconductor company's stock valued at $371,000 after buying an additional 1,041 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. DA Davidson lowered their price objective on Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. lowered their price objective on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. Needham & Company LLC lowered their price objective on Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley lowered their price target on Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Finally, B. Riley cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $28.00.
Read Our Latest Analysis on Amkor Technology
Amkor Technology Price Performance
NASDAQ:AMKR traded down $0.79 during trading hours on Monday, reaching $21.44. The stock had a trading volume of 1,544,928 shares, compared to its average volume of 1,807,560. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.83 and a current ratio of 2.06. Amkor Technology, Inc. has a 52 week low of $14.03 and a 52 week high of $44.86. The company has a 50 day moving average price of $19.54 and a two-hundred day moving average price of $20.83. The stock has a market capitalization of $5.30 billion, a PE ratio of 16.75 and a beta of 1.85.
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, hitting analysts' consensus estimates of $0.09. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $0.24 EPS. The company's revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.
Amkor Technology Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th were given a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Thursday, June 5th. Amkor Technology's dividend payout ratio is currently 25.78%.
Amkor Technology Company Profile
(
Free Report)
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.
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