Millennium Management LLC Purchases 54,009 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Millennium Management LLC raised its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 752.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,190 shares of the semiconductor company's stock after buying an additional 54,009 shares during the period. Millennium Management LLC's holdings in Amkor Technology were worth $1,572,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co grew its position in shares of Amkor Technology by 0.5% in the fourth 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 last quarter. Robotti Robert grew its position in shares of Amkor Technology by 0.3% in the fourth 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 last quarter. New York State Teachers Retirement System grew its position in shares of Amkor Technology by 2.0% in the fourth quarter. New York State Teachers Retirement System now owns 39,718 shares of the semiconductor company's stock valued at $1,020,000 after purchasing an additional 782 shares during the last quarter. GHP Investment Advisors Inc. grew its position in shares of Amkor Technology by 0.8% in the fourth quarter. GHP Investment Advisors Inc. now owns 95,786 shares of the semiconductor company's stock valued at $2,461,000 after purchasing an additional 785 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Amkor Technology by 36.9% in the fourth quarter. Blue Trust Inc. now owns 3,418 shares of the semiconductor company's stock valued at $88,000 after purchasing an additional 922 shares during the last quarter. Institutional investors own 42.76% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMKR. Morgan Stanley dropped their price objective on shares of 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. DA Davidson dropped their price target on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. reduced their price target 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 dropped their price objective on Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Amkor Technology in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $28.00.

Amkor Technology Price Performance

Shares of AMKR stock traded up $0.43 on Friday, hitting $19.26. 1,501,101 shares of the company's stock were exchanged, compared to its average volume of 1,863,203. The company has a 50 day moving average of $17.71 and a 200 day moving average of $21.70. The stock has a market cap of $4.76 billion, a P/E ratio of 13.47 and a beta of 1.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.90. 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 analysts' consensus estimates of $0.09. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. Amkor Technology had a net margin of 5.60% and a return on equity of 8.59%. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. On average, equities research analysts predict that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be given a $0.0827 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.33 dividend on an annualized basis and a yield of 1.72%. 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.