Oak Thistle LLC Increases Holdings in Amkor Technology, Inc. (NASDAQ:AMKR)

Oak Thistle LLC raised its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 153.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,231 shares of the semiconductor company's stock after acquiring an additional 19,530 shares during the quarter. Oak Thistle LLC's holdings in Amkor Technology were worth $582,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMKR. Sei Investments Co. boosted its holdings in Amkor Technology by 11.6% in the 4th quarter. Sei Investments Co. now owns 575,849 shares of the semiconductor company's stock worth $14,794,000 after buying an additional 59,822 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Amkor Technology during the 4th quarter valued at about $570,000. Vanguard Group Inc. raised its position in Amkor Technology by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 15,664,226 shares of the semiconductor company's stock worth $402,414,000 after purchasing an additional 1,092,002 shares during the period. JPMorgan Chase & Co. raised its position in Amkor Technology by 6.4% in the 4th quarter. JPMorgan Chase & Co. now owns 263,998 shares of the semiconductor company's stock worth $6,782,000 after purchasing an additional 15,865 shares during the period. Finally, Robotti Robert increased its position in shares of Amkor Technology by 0.3% during the fourth quarter. Robotti Robert now owns 215,837 shares of the semiconductor company's stock worth $5,545,000 after acquiring an additional 705 shares during the period. 42.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMKR has been the topic of several analyst reports. DA Davidson cut their price target on shares of Amkor Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. The Goldman Sachs Group began coverage on shares of Amkor Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $20.00 price objective for the company. B. Riley lowered shares of Amkor Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, April 21st. Needham & Company LLC cut their price target on shares of Amkor Technology from $34.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Amkor Technology from $30.00 to $25.00 and set an "overweight" rating on the stock in a report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $26.50.

Amkor Technology Stock Up 0.1%

NASDAQ:AMKR traded up $0.02 during mid-day trading on Friday, reaching $21.16. The stock had a trading volume of 1,233,494 shares, compared to its average volume of 1,509,258. The business's 50 day moving average is $20.41 and its 200 day moving average is $20.46. Amkor Technology, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $39.48. The stock has a market cap of $5.23 billion, a P/E ratio of 16.53 and a beta of 1.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.83.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company earned $0.24 EPS. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, sell-side analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were issued a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was 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.