20,070 Shares in Amkor Technology, Inc. (NASDAQ:AMKR) Purchased by Mission Wealth Management LP

Mission Wealth Management LP acquired a new position in shares of 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 & Exchange Commission. The firm acquired 20,070 shares of the semiconductor company's stock, valued at approximately $362,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its position 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 worth $2,313,000 after purchasing an additional 484 shares in the last quarter. Robotti Robert raised its stake in Amkor Technology by 0.3% in 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 last quarter. New York State Teachers Retirement System raised its stake in Amkor Technology by 2.0% in the 4th 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. Merit Financial Group LLC increased 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 acquiring an additional 873 shares during the last quarter. Finally, 1620 Investment Advisors Inc. increased 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 acquiring an additional 942 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. DA Davidson dropped 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 report 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. JPMorgan Chase & Co. reduced their target price on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. KeyCorp reissued a "sector weight" rating on shares of Amkor Technology in a report on Thursday, April 17th. Finally, B. Riley cut shares of 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 issued a buy rating to the stock. According to MarketBeat, Amkor Technology presently has a consensus rating of "Hold" and a consensus target price of $28.00.

Amkor Technology Stock Performance

NASDAQ:AMKR traded down $0.20 during mid-day trading on Friday, hitting $20.16. The stock had a trading volume of 2,423,209 shares, compared to its average volume of 1,867,111. Amkor Technology, Inc. has a twelve month low of $14.03 and a twelve month high of $44.86. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 15.75 and a beta of 1.83. The company's 50 day simple moving average is $18.50 and its 200 day simple moving average is $21.24. 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 (NASDAQ:AMKR - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Amkor Technology had a return on equity of 7.60% and a net margin of 5.04%. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the firm earned $0.24 EPS. The company's quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts forecast that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be paid a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, June 5th. Amkor Technology's dividend payout ratio is 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.