Amkor Technology, Inc. (NASDAQ:AMKR) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 12.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 375,953 shares of the semiconductor company's stock after buying an additional 41,382 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.15% of Amkor Technology worth $6,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMKR. Bank of New York Mellon Corp lifted its stake in Amkor Technology by 20.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,605,889 shares of the semiconductor company's stock worth $41,255,000 after purchasing an additional 274,300 shares in the last quarter. Amalgamated Bank lifted its position in Amkor Technology by 2.4% during the fourth quarter. Amalgamated Bank now owns 54,072 shares of the semiconductor company's stock worth $1,389,000 after buying an additional 1,270 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Amkor Technology during the fourth quarter worth approximately $310,000. Versor Investments LP acquired a new position in Amkor Technology during the fourth quarter worth $367,000. Finally, Fisher Asset Management LLC grew its holdings in Amkor Technology by 205.1% in the 4th quarter. Fisher Asset Management LLC now owns 641,916 shares of the semiconductor company's stock valued at $16,491,000 after buying an additional 431,537 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMKR. Morgan Stanley lowered their price target on shares of Amkor Technology from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. DA Davidson reduced their target price on shares of 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 shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. reduced their price target on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. Finally, Needham & Company LLC decreased their price objective on Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Amkor Technology has an average rating of "Hold" and an average price target of $28.00.

Amkor Technology Trading Down 1.3%

Shares of NASDAQ:AMKR traded down $0.30 during mid-day trading on Friday, reaching $22.00. 824,796 shares of the company were exchanged, compared to its average volume of 1,806,626. Amkor Technology, Inc. has a 1 year low of $14.03 and a 1 year high of $44.86. 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 firm's 50-day simple moving average is $19.46 and its 200 day simple moving average is $20.92. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 17.19 and a beta of 1.85.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.09 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 company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the firm earned $0.24 earnings per share. The firm's revenue was down 3.2% compared to the same quarter last year. Equities research analysts forecast that Amkor Technology, Inc. will post 1.47 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were given a $0.0827 dividend. This represents a $0.33 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, June 5th. 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.