Massachusetts Financial Services Co. MA Purchases 63,615 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Massachusetts Financial Services Co. MA boosted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 34.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,687 shares of the semiconductor company's stock after buying an additional 63,615 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.10% of Amkor Technology worth $4,455,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Amkor Technology by 15.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,886 shares of the semiconductor company's stock valued at $197,000 after purchasing an additional 1,423 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Amkor Technology by 22.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,963 shares of the semiconductor company's stock valued at $379,000 after acquiring an additional 3,885 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Amkor Technology by 32.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 22,260 shares of the semiconductor company's stock valued at $403,000 after buying an additional 5,447 shares in the last quarter. M&T Bank Corp raised its stake in shares of Amkor Technology by 36.9% in the 1st quarter. M&T Bank Corp now owns 52,816 shares of the semiconductor company's stock valued at $954,000 after acquiring an additional 14,236 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Amkor Technology by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,109,507 shares of the semiconductor company's stock worth $54,209,000 after purchasing an additional 15,211 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Wall Street Analysts Forecast Growth

AMKR has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their target price 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. The Goldman Sachs Group initiated coverage on shares of Amkor Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $20.00 target price on the stock. DA Davidson decreased their price objective 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. B. Riley cut Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Finally, KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Amkor Technology currently has a consensus rating of "Hold" and a consensus price target of $26.50.

Amkor Technology Price Performance

Shares of NASDAQ AMKR traded up $0.44 on Monday, hitting $21.95. The company's stock had a trading volume of 1,732,730 shares, compared to its average volume of 1,807,297. Amkor Technology, Inc. has a 12-month low of $14.03 and a 12-month high of $41.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.83. The stock has a 50 day moving average of $20.26 and a 200-day moving average of $20.56. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 17.15 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Amkor Technology had a net margin of 5.04% and a return on equity of 7.60%. The business's revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 EPS. As a group, research analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Announces Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.51%. Amkor Technology's dividend payout ratio (DPR) is presently 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.