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

Mission Wealth Management LP purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,070 shares of the semiconductor company's stock, valued at approximately $362,000.

Several other hedge funds have also added to or reduced their stakes in AMKR. SBI Securities Co. Ltd. bought a new stake in Amkor Technology during the 4th quarter worth about $27,000. Jones Financial Companies Lllp grew its position in shares of Amkor Technology by 353.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,488 shares of the semiconductor company's stock worth $38,000 after buying an additional 1,160 shares during the period. Bessemer Group Inc. raised its stake in shares of Amkor Technology by 421.0% during the fourth quarter. Bessemer Group Inc. now owns 1,537 shares of the semiconductor company's stock worth $39,000 after buying an additional 1,242 shares during the last quarter. Hurley Capital LLC bought a new stake in shares of Amkor Technology during the fourth quarter worth approximately $43,000. Finally, UMB Bank n.a. lifted its holdings in Amkor Technology by 677.0% in the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock valued at $32,000 after buying an additional 1,530 shares during the period. Institutional investors own 42.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Needham & Company LLC lowered their target price on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Morgan Stanley reduced their price target on 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. B. Riley downgraded Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. JPMorgan Chase & Co. cut their target price on Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Finally, KeyCorp restated a "sector weight" rating on shares of Amkor Technology in a research 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.com, the company presently has an average rating of "Hold" and an average price target of $28.00.

Amkor Technology Trading Up 0.2%

NASDAQ:AMKR traded up $0.04 on Thursday, reaching $20.36. The company's stock had a trading volume of 1,928,982 shares, compared to its average volume of 1,871,838. Amkor Technology, Inc. has a 1-year low of $14.03 and a 1-year high of $44.86. The business's 50-day moving average price is $18.34 and its two-hundred day moving average price is $21.37. The firm has a market cap of $5.03 billion, a PE ratio of 15.91 and a beta of 1.83. 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 posted its earnings results 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 during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the business earned $0.24 EPS. Amkor Technology's revenue for the quarter was down 3.2% compared to the same quarter last year. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be given a $0.0827 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.33 annualized dividend and a yield of 1.62%. Amkor Technology's dividend payout ratio is currently 25.78%.

About Amkor Technology

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.